Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,994, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 21x in the Consumer Finance industry in India. Total loss to shareholders of 5.8% over the past three years. Announcement • Jun 10
Arman Financial Services Limited Appoints Pushpendrakumar as Interim Head - Internal Audit and Reconstitution of Board Committees, with Effect from June 09, 2026 Arman Financial Services Limited approved, by way of Circular Resolution, the appointment of Mr. Pushpendrakumar as Interim Head - Internal Audit and designated him as a Senior Management Personnel of the Company with effect from June 09, 2026. Mr. Pushpendrakumar is a seasoned professional with over 16 years of experience in the Banking, NBFC, and NBFC-MFI sectors including AU Small Finance Bank, Utkarsh Small Finance Bank, IIFL Samasta Finance, Muthoot Fincorp, Asirvad Micro Finance, and Satin Creditcare Network Limited. He holds an MBA from Technical University, Kota and a Bachelor of Computer Applications (BCA) from Rajasthan University. Throughout his career, he has gained extensive experience in internal audit, risk management, operational controls, compliance monitoring, branch audits, process reviews, and fraud risk assessment across multi-location operations. He possesses strong expertise in strengthening governance frameworks, evaluating internal control systems, implementing risk-based audit methodologies, and driving process improvements. His diverse experience and leadership capabilities have enabled him to effectively manage audit functions and contribute towards enhancing organizational risk management and control environments. Arman Financial Services Limited approved the reconstitution of certain Board Committees with effect from June 09, 2026. The Audit Committee comprises Mr. Yash Shah as Chairman (Independent Director), Mr. Pinakin Shah as Member (Independent Director), Mr. Alok Prasad as Member (Independent Director), and Mr. Aalok Patel as Member Vice Chairman & Managing Director. The Nomination and Remuneration Committee comprises Mr. Pinakin Shah as Chairman (Independent Director), Mr. Alok Prasad as Member (Independent Director), Mr. Yash Shah as Member (Independent Director), and Ms. Rita Patel as Member (Non-Executive Director). The Corporate Social Responsibility Committee comprises Mr. Jayendra Patel as Chairman (Whole-time Director), Mr. Pinakin Shah as Member (Independent Director), and Ms. Geeta Solanki as Member (Independent Director). Announcement • May 30
Arman Financial Services Limited Announces Management Changes Arman Financial Services Limited had redesignated Mr. Uttam Patel (Membership No.: ACS 42878) from Company Secretary & Compliance Officer to Company Secretary & Chief Compliance Officer with effect from May 28, 2026. The Board of Directors of the Company in their meeting held on May 27, 2026, considered and approved the redesignation. He shall continue to be designated as a Key Managerial Personnel and part of the Senior Management Personnel of the Company. Uttam Patel is a qualified Company Secretary, M.Com, and LLB with over a decade of experience in corporate compliance, particularly within listed companies. He specializes in ensuring adherence to statutory and regulatory requirements, including those governed by the Registrar of Companies, the Securities and Exchange Board of India, Stock Exchanges, and other regulatory bodies. A member of the Institute of Company Secretaries of India (ICSI) since August 2014, Uttam has developed strong expertise in corporate governance, regulatory filings, and stakeholder management. He brings a comprehensive and strategic approach to compliance, collaborating effectively with both internal and external stakeholders to ensure seamless regulatory operations. He has been associated with Arman Financial Services Limited as Company Secretary & Compliance Officer since last year. Further, Mr. Ankit Laddha existing CCO will continue as CCO of Namra Finance Limited, Wholly Owned
Subsidiary. 
