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

+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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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

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+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 Persons Acting in Concert (PACs) have disclosed a sale of equity shares in Arman Holdings Ltd under Regulation 29(2) of the SEBI Takeover Regulations. The seller has explicitly stated that they do NOT belong to the Promoter/Promoter Group. A total of 20,464 shares (approximately 0.40% of equity) were sold in the open market on November 13, 2025. Specifically, Kirit Damji Gada sold 19,364 shares (0.37%) and Sunita Kirit Gada sold 1,100 shares (0.02%). The PAC group's aggregate holding reduced from 7.43% (3,87,293 shares) to 7.03% (3,66,829 shares). The total equity capital of the company is Rs. 5.21 crore comprising 52,10,500 shares of Rs. 10 each.

Likely market impact

This is a minor, non-promoter offloading of shares (<1%) and is unlikely to have a meaningful impact on the stock price or shareholder confidence. The seller is not part of the promoter group, so there is no concern about promoter pledging or control-related issues.