The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Arun Damji Gada & PACs
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Arun Damji Gada, along with persons acting in concert (PACs), has filed a disclosure with BSE under Regulation 29(2) of the SEBI Takeover Regulations for the disposal (sale) of equity shares of Arman Holdings Limited. The shares were sold through the open market on 13 November 2025. Regulation 29(2) filings are triggered when an acquirer's shareholding changes by 2% or more, indicating a sizeable transaction by the promoter group. The total share capital of Arman Holdings Ltd is Rs. 5.21 crore, consisting of 52,10,500 equity shares of Rs. 10 each. Specific details on the number of shares sold and the pre/post shareholding percentage are not clearly visible in the extracted document.
Promoter selling shares in the open market can be viewed as a negative signal by retail investors, as it suggests insiders are reducing their exposure. However, without knowing the exact quantum and percentage of the sale, it is difficult to assess the severity. Shareholders should monitor further disclosures for the exact number of shares sold and any consequent change in the promoter's stake.