The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Padamchand Sacheti & PACs
ARIHANT · price
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Padamchand Sacheti, together with three Persons Acting in Concert (Yash Siddhartha, Mithun Padam, and Siddhartha Sacheti), bought 4,268 equity shares of Arihant Foundations & Housing at Rs. 962.44 per share on October 1, 2025, through the open market. The acquisition lifts their combined voting shareholding from 14.23% to 14.27% of the total share capital (13.05% to 13.09% on a diluted basis). On a fully diluted basis including warrants held by two PAC members, the group's total exposure is 15,70,332 shares or 14.45%. The disclosure was made under Regulation 29(2) of the SEBI (SAST) Regulations, 2011, and the acquirers have explicitly stated they do not belong to the promoter/promoter group.
With their combined holding now at 14.27% of outstanding equity, the acquirer-PAC group sits just 0.73 percentage points below the 15% open offer trigger under the Takeover Code, so any further accumulation could invite a mandatory open offer obligation.