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

-0.9%Reaction day

₹92.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-0.2% vs market

Investment Company peers, median of 60sector-0.3%-0.5% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.5 pts less 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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Reaction day

-0.9-0.6-0.2-0.3-0.5

Next day

+0.3-0.2+0.5+0.5-0.2

+1.1+0.1+1.0+0.1+1.0

+1.1+0.6+0.5+0.6+0.5

+1.6-0.1+1.7+0.0+1.6

+2.1-1.0+3.1-0.1+2.2

+11.1-0.0+11.2-1.3+12.5

15d

+7.6+1.1+6.5-0.4+8.0

+6.5-2.9+9.4-4.4+10.9

+9.8+0.5+9.3-5.6+15.4

+24.2-8.7+32.9-13.3+37.4

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), has filed a disclosure under SEBI Takeover Regulations for a small open-market sale of 2,000 equity shares (0.04%) on 13 November 2025. The combined PAC holding in Arman Holdings decreased marginally from 16.50% (859,430 shares) to 16.46% (857,430 shares). The filing explicitly states that the acquirer/seller does NOT belong to the promoter or promoter group. Arun Damji Gada individually sold 2,000 shares, while all other PAC members made no transactions. The equity share capital of the company remains unchanged at ₹5,21,05,000 comprising 52,10,500 equity shares of face value ₹10 each.

Likely market impact

This is a negligible sale (only 2,000 shares, 0.04% of capital) by a non-promoter group of shareholders. The change is too small to materially affect shareholding dynamics or signal any meaningful shift in investor sentiment.