Arman Financial Services Limited has submitted a compliance declaration to BSE Limited pursuant to Regulation 52(7) and 52(7A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure covers the quarter ended March 31, 2026.
Key Compliance Details
- The company confirms that proceeds from Non-Convertible Securities were utilized for the purposes for which they were raised
- There were no material deviations in the use of proceeds from the objects stated in the offer document
- The submission includes required statements as per Annexure IV-A of SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2025/0000000103 dated July 11, 2025
Utilization of Issue Proceeds
Two private placement NCD issuances were detailed:
First Issuance:
- Instrument Type: NCD
- Mode of Fund Raising: Private Placement
- Date of Raising Funds: January 29, 2026
- Amount Raised: ₹125.00 crore
- Funds Utilized: ₹125.00 crore
- Deviation: No
Second Issuance:
- Instrument Type: NCD
- Mode of Fund Raising: Private Placement
- Date of Raising Funds: March 25, 2026
- Amount Raised: ₹125.00 crore
- Funds Utilized: ₹125.00 crore
- Deviation: No
Total Funds Raised and Utilized
- Combined amount raised through both NCD issuances: ₹250.00 crore
- Total funds utilized: ₹250.00 crore
- No deviations reported for either issuance
Statement of Deviation/Variation
The company explicitly states "Not Applicable (No deviation in the utilization of the proceeds)" for the deviation/variation statement. All fields in the deviation table are marked as "Not Applicable."