The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Arun Gada & PACs
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Awaiting price reaction for this filing.
Kirit Damji Gada, part of the persons-acting-in-concert (PAC) group with Arun Damji Gada, sold 23,083 equity shares (0.44%) of Arman Holdings on 13 November 2025 through the open market. His individual holding fell from 1.26% (65,702 shares) to 0.82% (42,619 shares). The combined holding of all 14 PAC members dropped from 8.09% to 7.65% of the company's paid-up capital (52,10,500 shares of Rs 10 each). The disclosure explicitly states that the seller/acquirer does NOT belong to the Promoter or Promoter Group. The disclosure was filed with BSE on 20 January 2026, roughly two months after the actual trade.
This is a small, non-promoter stake sale and is unlikely to have a meaningful impact on the stock price or on existing shareholders. The sellers are not classified as promoters, so no promoter-related governance concerns arise.