Arman Financial Services Limited informed that the Finance & Investment Committee of the Board of Directors of the Company at its meeting held on April 09, 2024, considered and approved the issuance of: 4,980 senior, secured, listed, rated, redeemable non- convertible debentures ("Debenture(s)" or "NCD(s)") of face value of INR 100,000/- each, aggregating to INR 498,000,000/- comprising of base issue of 2,500 senior, secured, listed, rated, redeemable non-convertible debentures, each having a face value of INR 100,000 and an aggregate face value of INR 250,000,000; and green shoe option of 2,480 senior, secured, listed, rated, redeemable non-convertible debentures, each having a face value of INR 100,000 and an aggregate face value of INR 248,000,000 by way of a private placement. Tenure of the instrument 21 months from the Deemed Date of Allotment. Date of allotment April 23, 2024.

Date of maturity: January 23, 2026. Interest rate payment: 10.59 % XIRR payable quarterly.