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Arman Financial Service Ltd is an RBI-registered category ‚ÄòA‚Äô Non-Banking Finance Company. They provide loans to the unorganized sector residing in rural and semi-rural locales across six states with around 400 branches that cater to about 7.6 lakh customers.Headquartered in Ahmedabad, Gujarat. Arman and its subsidiary provide three financial services, Two-Wheeler Finance, Group-Based Microfinance, and…
Arman Financial Services announced a leadership transition. Jayendra Patel moves to Whole-Time Director, while Aalok Patel becomes Vice-Chairman & MD. Vivek Modi is redesignated Executive Director & Group CFO. This ensures continuity and strategic guidance.
Arman Financial Services' board reviewed the quarter's financial results. The company reported a consolidated net loss of ₹14.58 Cr, while standalone net profit was ₹12.45 Cr. Gross Non-Performing Assets (NPAs) stood at 3.45% consolidated and 3.49% standalone. Significant leadership continuity was approved, with Mr. Jayendra Patel re-appointed as Vice Chairman...
Arman Financial Services Limited has informed the Exchange about Key Managerial Personnel's (KMPs) for the purpose of determining materiality of an event or information as per Regulation 30 (5) of LODR Regulations.
Arman Financial Services has announced a board meeting to consider raising funds through secured, listed non-convertible debentures (NCDs), signaling a focus on boosting liquidity or funding growth projects via debt.
Arman Financial Services appointed Uttam Narayanbhai Patel as Company Secretary and Compliance Officer, and engaged M/s GKV & Associates as Secretarial Auditor for five years. Consolidated revenue hit ₹730.04 Cr with a profit after tax of ₹52.07 Cr for the year. The loan book stands at ₹1,683.66 Cr, maintaining stable...