Investor Presentation for Q2 FY 2027

_Registered Office: 502-503, SAKAR III, OPP. OLD HIGH COURT, OFF ASHRAM ROAD, AHMEDABAD-380014, GUJARAT, INDIA PH.: +91-79-40507000, 27541989 E-mail: finance@armanindia.com CIN: L55910GJ1992PLC018623 November 05, 2026 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: PRESENTATION ON FINANCIAL PERFORMANCE: Q2: FY 2026-27 Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we are enclosing a presentation on standalone / consolidated financial results for the quarter / half year ended on September 30, 2026. Kindly take it on your record. Thanking you, Yours faithfully, For, Arman Financial Services Limited Uttam Patel Company Secretary & Chief Compliance Officer November 2026 Safe Harbor #F7F0E6 This presentation and the accompanying slides (the “Presentation”), which have been prepared by Arman Financial Services Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to #D71920 purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document #292727 #E3D containing detailed information about the Company. FDC This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. This presentation contains certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward- looking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company. #F7F0E6 #D71920 #292727 BU S IN ES S U PDATE H1 FY27 Performance Highlights #F7F0E6 Assets Under Active Customer Disbursement Collection Efficiency Management Base #D71920 INR 3,209 Crore INR 1,505 Crore Approximately 96.6% #292727 6.4 Lakhs For H1FY27 #E3D (50.6% Y-o-Y) (74.1% Y-o-Y) FDC Financial Strength Asset Quality Capital Position & Returns ROAA 6.51% INR 436 Crore Total Income GNPA 2.73% (40.7% Y-o-Y) ROE 19.66% Profit Before Tax INR 126 Crore NNPA 0.92% Shareholder’s INR 1,033 Crore Equity INR 45 Crore Impairment Profit After Tax INR 97 Crore Cumulative Provisions stood at INR Arman*: 36.26% Cost 80 Crore as on 30th September CRAR 2026 (covering 2.5% of the Namra: 37.19% consolidated AUM, 2.94% on book) All numbers are on consolidated basis # FiR gO uA reA s - m R ae yt u nr on t o an d dA v ue pr a dg ue e A toU M ro; u R nO diE n g- R oe ffturn on Average Equity *Standalone CRAR 4 #F7F0E6 #D71920 #292727 ABOU T THE COM PANY About Arman Financial Services #F7F0E6 About the Company Efficient Liability Management #D71920 A diversified NBFC focusing on large under-served rural & semi- • Consistent rating upgrades backed by strong financial & operating performance urban retail markets ➢ Namra & Arman credit rating reaffirmed to A- (Positive Outlook) by ACUITE in October 2026 #292727 Founded in 1992 by Shri. Jayendra Patel in Ahmedabad ➢ Reaffirmed to A- (Stable Outlook) by CARE Ratings for Arman and Namra in October 2026 #E3D ➢ MFI-1 (MFI One) rating has been awarded to Namra Finance Limited, the wholly owned subsidiary Listed on BSE in 1995 and on NSE in 2016 offering microfinance loans • Track record of consistent profitability- Never reported an annual loss Strong Management Team having a combined experience of 100+ years in the Lending Business • Completely in-house operations with bottoms up driven credit appraisal models and rigorous collections practices Strong Historical Financial Performance Presence in Attractive Retail Lending Segments High-Growth Trajectory (FY16-26 CAGR): Microfinance (JLG) 34.5% 18.2% 2.9% Individual Business Loans AUM Net Interest Income Profit After Tax 6.4% MSME Loans 3.3% 2-Wheeler loans Consolidated debt to equity ratio as on 30th September 2026 of 1.9x – 41.0% Loan Against Property Sufficient Capital to drive growth going forward# 605 184 11 ~6.4 Lakh 50+ Positive ALM 50+ Branches Districts States Live Customers Two-Wheeler dealerships Comfortable Liquidity Diversified Borrowing Profile & Position Relationship with Banks & FIs ^Company’s wholly owned subsidiary ‘Namra Finance Limited’ offers microfinance loans 6 #After adjusting overdrafts (OD) from banks having 100% security against fixed deposits amounts to INR 169 Crore. Figures may not add up due to rounding off Journey So Far #F7F0E6 Foundation Expansion Diversification Growth & Innovation #D71920 • Upgraded to A- (Stable) from BBB+ by • AUM crossed INR 1,000 Crore CARE Ratings for Arman and Namra #292727 • Listing on BSE – Issue E U Lix P sp i&a nn gUd ote t nd a r Nt ao Sk EM haa nh darashtra, MP, • R t ah na r di os e ud g R~ a PlI slN o R t om ne n1 pt1 r5 eo fef reC C nr Co tD ir ae s i Nn M ma rar- 24 & Arman upgraded to A • A INU RM ,000c r Co rs os re ed # FE D3 CD subscribed 22x • Launched MSME Loans basis (Stable) by Acuite Ratings in Aug-24 • Net worth • Launched 2W Loans business • Commenced operations in • Crossed INR 2,500 Crore AUM crossed INR • Crosses 100 branches across 5 states of Haryana and Bihar • Entered new states of Telangana, 1,000 Crore states & 3 products Jharkhand and Karnataka 2014-17 2021-22 2024 2026 1995-98 2025 1992 2010-13 2018-20 2023 • C Ino cm orp pa on ry a ted • L ba uu sn inc eh se sd microfinance • Raised PE funding from • N CAa Rm Er a RFi an ta inn gc se ' re hc ie ghiv ee sd t • L aA crP o ss Pr ko ed yu ct s tatela su nc oh f • Raised PE funding from Elevation Capital MFI-1 grading Gujarat, MP and • Started bill Incofin (erstwhile SAIF Partners) • Doubled the AUM to INR Telangana discounting & • Demerged MFI operations • Disbursement crosses 2,000 Crore in 18 months Machine leasing into “Namra Finance” INR 750 Crore • Raised ~INR 230 Crore • Disbursement crosses • 100% Cashless through QIP disbursements • INR 100 Crore • Expanded into Rajasthan Geographical Presence #F7F0E6 Number of Geographical AUM Mix (Consolidated) Q2FY27 Q2FY26 Branches #D71920 Microfinance 466 391 12.9% #292727 15.0% 9.3% 5.0% MSME 135 97 #E3D 11 2W & Rural 2W 4 4 2.6% 15.6% 113 3.0% Total 605 492 68 21.5% 2.6% 1.7% 101 102 25.7% 0.7% 27 Gujarat Uttar Pradesh Madhya Pradesh Bihar Rajasthan Maharashtra Telangana Jharkhand Karnataka Haryana Uttarakhand Number of Branches 605 ~6.4 Lakh 5,200+ 4,300+ Branches Active Customers No of Employees No of Loan Officers Note: Map not to scale. 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