The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Arun Damji Gada & PACs

Ownership Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+11.2%Reaction day

₹97.10

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+12.5% vs market

Investment Company peers, median of 60sector-1.1%+12.3% vs sector

On the reaction day the stock moved 12.5 pts more than Nifty Microcap 250 and 12.3 pts more than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

+11.2-1.3+12.5-1.1+12.3

Next day

+7.6+2.4+5.2+1.5+6.1

+3.9+3.8+0.1+2.1+1.8

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+4.6+1.9+2.7+1.6+3.0

+6.2+4.6+1.6+3.4+2.7

+0.9+5.1-4.1+4.0-3.0

15d

+12.0+2.1+9.9-0.5+12.5

+15.2-2.1+17.3-2.1+17.3

+11.7-6.4+18.2-10.9+22.7

+7.5+9.5-2.1+1.2+6.3

UpDownMarket · Nifty Microcap 250Sector · Investment Company peers, median of 60Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Arun Damji Gada along with 13 Persons Acting in Concert (PACs) disclosed an open market sale of 23,939 equity shares (0.46%) of Arman Holdings Ltd on 13 November 2025. The sellers have explicitly stated they do not belong to the promoter/promoter group. Kirit Damji Gada exited entirely (sold all 11,574 shares), and Sunita Kirit Gada sold 12,365 shares. Their combined holding in Arman Holdings reduced from 7.03% (366,829 shares) to 6.57% (342,890 shares). The total share capital of the company remains Rs. 5.21 crore comprising 52,10,500 equity shares of Rs. 10 each.

Likely market impact

This is a minor stake reduction by non-promoter shareholders. The sale quantum is small (0.46% of capital) and is unlikely to materially affect the stock price or signal any fundamental change in the company.