Arman Financial Services has informed that a Meeting of the Board of Directors of the Company will be held on July 08, 2016, to approve the Issue of Secured Non-Convertible Debentures through Private Placement up to Rs 25 crore during the Financial Year 2016-17, as per the provisions of Section 42 of the Companies Act, 2013 read with the applicable rules made under the Companies Act, 2013 subject to the approval of Shareholders of the Company by way of passing Special Resolutions through Postal Ballot (including e-voting).
The above information is a part of company’s filings submitted to BSE.