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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Awaiting price reaction for this filing.
Arun Damji Gada along with 13 persons acting in concert (family members) filed a disclosure under SEBI's Takeover Regulations regarding the sale of equity shares in Arman Holdings Ltd via the open market on 13 November 2025. The filing explicitly states that none of the sellers belong to the promoter or promoter group – they are non-promoter shareholders. The total group holding before the sale was 8,70,297 shares (16.72%), which reduced marginally to 8,67,430 shares (16.65%) after the sale. The actual disposal was extremely small – only Kirit Damji Gada (entry #13) sold 2,867 shares, dropping his personal holding from 2,897 to just 30 shares. The company's total equity share capital remained unchanged at 52,10,500 shares of Rs. 10 face value.
This is a routine, non-promoter, open-market disposal of a negligible quantity of shares (about 0.05% of total equity) and is unlikely to have any meaningful impact on the stock price or shareholder sentiment. The sellers explicitly clarified they are not part of the promoter group, so this does not signal any promoter exit or change in control.