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) — who are explicitly NOT part of the promoter/promoter group — reported a sale of 28,049 equity shares (about 0.54%) of Arman Holdings Ltd in the open market. The transaction was carried out on 13 November 2025 and disclosed on 5 January 2026. Their combined holding fell from 11.89% (6,19,609 shares) to 11.35% (5,91,560 shares) of the company. Arman Holdings has 52,10,500 equity shares of ₹10 face value each, giving a total share capital of ₹5.21 crore. The selling group remains above the 10% SAST disclosure threshold despite the reduction.
Since the sellers are non-promoters, this does not change promoter control or management of the company. The stake reduction is small (0.54%) and done via open market, so the direct impact on the stock is expected to be limited.