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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Arman Financial Services Ltd

Arman Financial Services: CARE A- rating reaffirmed, outlook stable

RATING ▲ Positive Development LOW RISK
📅 Filed on BSE: 24 Oct 2026, 04:03 PM IST  ·  BSE ID: 3a9eebb3-56e4-4dec-b4af-095601c6e198
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's credit rating remains good, and its future financial stability outlook has improved.
🤖 AI Summary
  • Arman Financial Services' NCDs reaffirmed at CARE A- rating.
  • Outlook for NCDs revised from Negative to Stable.
  • Rating applies to existing facilities and proposed issuance.
  • Subsidiary Namra Finance also covered by rating revision.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Existing NCD Facility (ISIN INE109C07113)
₹42.00 crore
Proposed NCD Facility
₹28.89 crore
Reaffirmed Credit Rating
CARE A-
Revised Outlook
Stable
🏢 How This Affects the Company
📈
Business Impact
A stable outlook on credit rating can enhance the company's ability to access debt financing on favourable terms, supporting its lending operations.
💰
Financial Impact
An improved credit outlook may lead to lower borrowing costs for future debt issuances, positively impacting the company's interest expenses.
⚠️
Risk Impact
The revision from a Negative to a Stable outlook reduces perceived risk associated with the company's debt instruments.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this credit rating update.
👤
Who Is Affected
Shareholders of Arman Financial Services may benefit from improved market perception of the company's financial health.
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Management Signal
Management's effective management of financial obligations and subsidiary operations is indicated by the stable credit outlook.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Subsequent credit rating reviews by CARE or other agencies.
Company's financial results for FY27.
Announcements regarding proposed NCD issuance.
LOW RISK Credit rating reaffirmation with a stable outlook indicates low immediate financial risk.
💡 Investor Takeaway
Arman Financial Services' Non-Convertible Debentures, valued at ₹42.00 crore and ₹28.89 crore, have their CARE A- rating reaffirmed, with the outlook now Stable, a positive signal.
⚖️ Strengths & Concerns

✅ Positives

  • Reaffirmation of CARE A- rating provides continued confidence in financial stability.
  • Upward revision of outlook to Stable from Negative signifies improved creditworthiness.
📅 Company Track Record
In March 2026, Acuité had reaffirmed Arman Financial Services' A- rating for existing debt and assigned an identical rating to a ₹150.00 crore NCD issuance with a Stable outlook.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is Arman Financial Services' credit rating reaffirmed by CARE Ratings?
Arman Financial Services' Non-Convertible Debentures have been reaffirmed with a credit rating of CARE A- (CARE A Minus).
What is the outlook for Arman Financial Services' NCDs?
The outlook for Arman Financial Services' Non-Convertible Debentures has been revised from Negative to Stable.
What is the total value of Non-Convertible Debentures covered by the rating?
The rating covers existing facilities of ₹42.00 crore and proposed NCDs of ₹28.89 crore.
Does the rating apply to any subsidiaries of Arman Financial Services?
Yes, the revised outlook from Negative to Stable also applies to Arman Financial Services' wholly-owned subsidiary, Namra Finance Limited.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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