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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Awaiting price reaction for this filing.
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.
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.