Outcome of board meeting of Arman Financial Services
Held on 12 April 2018
Arman Financial Services announced that the Board of Directors at its meeting held on 12 April 2018 has -Allotted 16,66,667 unsecured compulsorily convertible debentures of the Company ('CCDs') having a face value of INR 300/- (Indian Rupees Three Hundred Only) to SAIF Partners India V Limited ('Investor') pursuant to shareholder's resolution passed at EGM held on 29 March 2018.
Appointed Mridul Arora (Nominee of SAIF Partners India V Limited) as a Non-Executive Additional Director of the Company w.e.f. 12 April 2018.
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