ARMAN FINANCIAL SERVICES LIMITED

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INE109C07139 is Out of Stock

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INE109C07139 - Bond Details

Returns

N/A

Min. Investment

N/A

Remaining Tenure

2Y 9Days

Payment Terms

Quarterly

Highlights

Credit Rating

ACUITE A-/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

Issue Size

125 CR

Security Cover

1.1x

Comfortable Capitalisation : Net worth of INR 632Cr as of March 2026, supported by promoter infusions and retained earnings, with strong capitalization reflected in CRAR of 27.86% (vs. RBI minimum 15%) and low leverage of 1.14x.

Experienced Team : Arman, founded by MD Jayendra B. Patel, has 25+ yrs of experience and a strong Management Team having a combined experience of 100+ years in the Lending Business

Improvement in scale of ops : Sizeable scale up of operations while reducing geographical concentration

Company Financials

AUM

Net Worth

PAT

Cash & Cash Eq.

Important disclaimer

Ratio Analysis

0.89

Net NPA

Good

Benchmark: Lower than 3%

3.5

Gross NPA

Good

Benchmark: Lower than 5%

27.8

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

1.14

Debt to Equity Ratio

Good

Benchmark: lower than 6 times

Important disclaimer

About Issuer

Arman Financial Services Ltd. (“Arman”), incorporated in 1992, is an Acuité A- (Stable) rated, systemically important non-deposit-taking NBFC registered with RBI, offering two-wheeler, MSME, and microfinance loans.

Arman is backed by investors including Airavat and Elevation Capital and is listed on NSE and BSE with a market capitalization of INR 1,706Cr+, operating through 524 branches and serving ~6,20,000 customers across 11 states.

Arman reported AUM of ~INR 2,728Cr, with a revenue of INR 217Cr and NNPA of 0.89% (as of Mar’ 2026).

Total Annual Revenue

874Cr FY (2025)

Year of Inception

1992

Industry

NBFC Retail

Head Office

AHMEDABAD

Type of Issuer

Corporate

Current MD/CEO

Mr. Jayendra B. Patel

Credit Rating / Outlook

A- STABLE

ACUITE

Rating Rationale

Rating Date: 15-Apr-2026

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with A credit rating are considered to have an adequate degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry low credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

ARMAN FINANCIAL SERVICES LIMITED

Security Name

11.35% ARMAN FINANCIAL SERVICES LIMITED Secured Rated Listed NCD Maturity 29-Jul-2028

ISIN

Copy

INE109C07139

Face Value

₹ 10,000

Issued FV

₹ 10,000

Coupon Rate

11.35%

Coupon Type

FIXED

Payment Terms

Quarterly

Maturity Date

29-Jul-2028

Clean Price

₹ 100.72

Dirty Price

Current Yield

11.2686%

Yield to Maturity

11.3478%

Mode of Issue

Private Placement

Date of Issue

29-Jan-2026

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Vardhaman Trusteeship Private Limited

Unit No. 412, The Capital,C-70 G Block, Bandra Kurla Complex,Bandra East, Audit Bhavan, Mumbai,Bandra, Maharashtra, India, 400051

Registrar Details

Bigshare Services Pvt. Ltd

A-802, Samudra Complex, Off C.G. Road, Navrangpura, Near Girish Cold Drink, Ahmedabad 380009 Gujarat

Looking For More Information ?

Download Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 121 to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: Bigshare Services Pvt. Ltd A-802, Samudra Complex, Off C.G. Road, Navrangpura, Near Girish Cold Drink, Ahmedabad 380009 Gujarat

This bond is
currently out of stock

Download Cashflow

FAQs about ARMAN FINANCIAL bonds

How to buy this ARMAN FINANCIAL bond online?

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What is the yield of this ARMAN FINANCIAL bond?

undefined% is the current yield of this ARMAN FINANCIAL bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this ARMAN FINANCIAL bond is undefined%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this ARMAN FINANCIAL bond?

To redeem this ARMAN FINANCIAL bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this ARMAN FINANCIAL bond is generally simple and straightforward. Contact our support team for more information.

Is this ARMAN FINANCIAL bond tax-free?

No, this ARMAN FINANCIAL bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this ARMAN FINANCIAL bond before the maturity date?

Yes, it is possible to sell this ARMAN FINANCIAL bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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Risk Disclosure & Regulatory Information

Fixed returns do not mean guaranteed or assured returns. Investments in corporate debt securities, municipal debt securities, and securitised debt instruments carry credit risk, market risk, and default risk, including delay or default in payment. Please read all offer-related documents carefully before you invest.

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