Arman Financial Services : Preferential Issue

About this update from Arman Financial Services Limited

______________________________________________________________________________________________________________________________________________________________________________________________________ Registered Office: 502-503, SAKAR III, OPP. OLD HIGH COURT, OFF ASHRAM ROAD, AHMEDABAD-380014, GUJARAT, INDIA PH.: +91-79-40507000, 27541989 E-mail: [email protected] CIN: L55910GJ1992PLC018623 Date: September 28, 2022 To, To, BSE Limited National Stock Exchange of India Limited P. J. Tower, "Exchange Plaza" C-1, Block G, Dalal Street, Bandra Kurla Complex, Mumbai-400001 Bandra, Mumbai- 400051 Script Code: 531179 Symbol: ARMANFIN ISIN : INE109C01017 Series: EQ Dear Sir, Sub: Allotment of Securities Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we would like to inform that the Board of Directors of the Company, by way of circular resolution on September 28, 2022, has approved the allotment of: 1. 6,24,388 Unsecured Compulsorily Convertible Debentures ("CCDs") on preferential basis to Investors (as defined below) belonging to non-promoter category; SRN Name of Allottee No. of CCD(s) Face Value of each Total consideration allotted CCD (in INR) received (in INR) 1. Sixteenth Street Asian Gems Fund 4,06,504 1,230/- 49,99,99,920/- 2. ARK Global Emerging Companies, LP 24,390 1,230/- 2,99,99,700/- 3. Deseret Mutual Employee Pension 13,821 1,230/- 1,69,99,830/- Plan Trust 4. Seven Canyons World Innovators Fund 75,609 1,230/- 9,29,99,070/- 5. Seven Canyons Strategic Income Fund 14,634 1,230/- 1,79,99,820/- 6. Vinay Jaiprakash Ambekar 24,390 1,230/- 2,99,99,700/- 7. Sujata Neogi 65,040 1,230/- 7,99,99,200/- Total 6,24,388 - 76,79,97,240/- 2. 3,10,972 Cumulative Non-participating Optionally Convertible Redeemable Preference Shares ("OCRPS") on preferential basis to the Proposed Allottees (as defined below) belonging to non-promoter category: SRN Name of Allottee No. of Issue price per Total OCRPS(s) OCRPS including consideration allotted Premium received (in INR) 1. Fundscorner Fintech Solutions Private 22,357 1,230/- 2,74,99,110/- Limited 2. Pratul Krishnakant Shroff 81,300 1,230/- 9,99,99,000/- 3. Radhikaben Chiragbhai Sheth 12,195 1,230/- 1,49,99,850/- 4. Himanjana Ramesh Patel 16,260 1,230/- 1,99,99,800/- 5. Ashokkumar P Patel 4,065 1,230/- 49,99,950/- 6. Hemangini A Patel 4,065 1,230/- 49,99,950/- 7. RRM Enterprises Private Limited 40,650 1,230/- 4,99,99,500/- 8. Rajiv Narpatmal Bhandari 20,325 1,230/- 2,49,99,750/- 9. Rinku Arora 4,065 1,230/- 49,99,950/- 10. Sarabjeet Singh 4,065 1,230/- 49,99,950/- ______________________________________________________________________________________________________________________________________________________________________________________________________ Registered Office: 502-503, SAKAR III, OPP. OLD HIGH COURT, OFF ASHRAM ROAD, AHMEDABAD-380014, GUJARAT, INDIA PH.: +91-79-40507000, 27541989 E-mail: [email protected] CIN: L55910GJ1992PLC018623 SRN Name of Allottee No. of Issue price per Total OCRPS(s) OCRPS including consideration allotted Premium received (in INR) 11. Merchant Timberlink LLP 4,065 1,230/- 49,99,950/- 12. Rajiv Arvind Desai 8,130 1,230/- 99,99,900/- 13. Parth Rajiv Desai 8,130 1,230/- 99,99,900/- 14. Sudha Zaveri 8,130 1,230/- 99,99,900/- 15. Sandeep Kapadia 40,650 1,230/- 4,99,99,500/- 16. Amlan Hasmukh Shah and Minoti Shah 24,390 1,230/- 2,99,99,700/- 17. Gopaldas Shivlal Cotton Company 4,065 1,230/- 49,99,950/- 18. Urvashi Dhirubhai Shah 4,065 1,230/- 49,99,950/- Total 3,10,972 - 38,24,95,560/- The allotment has been undertaken in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and other applicable rules/regulations /guidelines, if any, prescribed by any other regulatory or statutory authorities. This is for the information of the Exchange. Thanking you, Yours faithfully, For, Arman Financial Services Limited Jaimish Govindbhai Patel Digitally signed by Jaimish Govindbhai Patel DN: c=IN, st=Gujarat, 2.5.4.20=225770a731266e13c2cb9586f41792d914836897ddd610f45 c89a75d5eae81eb, postalCode=380024, street=412-2306,gujrat houshing board,bapunagar,Ahmedabad City,I E Bapunagar, Ahmadabad City,Ahmedabad, serialNumber=d7887e078ab1b7c7ddc751f5a22613a1a60f051f5e0c3 317b156380e8cbfc11d, o=Personal, cn=Jaimish Govindbhai Patel, title=7699, pseudonym=d3a20cdeeadbc15884cff14d9766f085 Date: 2022.09.28 12:50:07 +05'30' Jaimish Patel Company Secretary M. No.-A42244

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