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 (PACs) has disclosed a sale of 63,848 equity shares (about 1.22% of the equity capital) of Arman Holdings Ltd through the open market on 13 November 2025. The sellers have explicitly stated that they do NOT belong to the promoter/promoter group. As a result, their combined holding reduced from 11.35% (5,91,560 shares) to 10.13% (5,27,712 shares). The encumbered (pledged) shares also came down from 63,848 to zero, indicating a complete release of the pledge on these shares. Arman Holdings has a total equity share capital of Rs 5.21 crore (52,10,500 shares of Rs 10 each).
Since the sellers are classified as non-promoters, this sale is unlikely to materially impact stock price or promoter-controlled decision making. The complete release of encumbered shares is a mildly positive signal as it reduces any pledge-related risk for the company.