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

Ownership Changes View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.4%Reaction day

₹100.10

prior close

₹99.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.6%-2.0% vs market

Investment Company peers, median of 60sector+1.6%-2.0% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 2.0 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-0.5

15m

-0.5

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4+1.6-2.0+1.6-2.0

Next day

+5.5-0.6+6.1+0.5+5.0

+0.5-0.5+1.0-1.1+1.7

+0.9+1.5-0.6+0.6+0.3

-3.1+1.1-4.2+0.1-3.2

-3.0+3.0-6.0+0.8-3.8

+4.4+5.5-1.1+1.7+2.7

15d

+9.6+6.1+3.6+2.9+6.8

+8.6+5.1+3.5+0.1+8.5

+11.3-8.0+19.3-11.1+22.4

+9.9+10.9-1.0+2.2+7.7

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

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.

Likely market impact

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.