Arman Holdings Limited: Arun Damji Gada Acquires Additional Equity Shares

1 min read     Updated on 28 Mar 2026, 08:10 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

Arman Holdings Limited received a SEBI disclosure from Arun Damji Gada regarding acquisition of 65,282 equity shares through open market transactions. The acquisition involved Arun Damji Gada (25,684 shares) and Sapna Kalpesh Gada (39,598 shares), resulting in their collective PAC group holding decreasing from 5.06% to 3.81%, now representing 198,439 shares of the company's total equity capital.

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Arman Holdings Limited has received a new disclosure from Arun Damji Gada regarding the acquisition of equity shares under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The latest disclosure, dated 25th March 2026, pertains to an open market transaction executed on 13/11/2025.

Transaction Details

The acquisition involved multiple members of Arun Damji Gada's persons acting in concert (PAC) group. The transaction resulted in the purchase of 65,282 equity shares through open market operations, with Arun Damji Gada personally acquiring 25,684 shares and Sapna Kalpesh Gada acquiring 39,598 shares.

Parameter: Details
Transaction Date: 13/11/2025
Mode of Purchase: Open Market
Total Shares Acquired: 65,282
Disclosure Date: 25th March 2026
Primary Acquirers: Arun Damji Gada & Sapna Kalpesh Gada

Updated Shareholding Pattern

Following this acquisition, the shareholding pattern of Arun Damji Gada and his persons acting in concert has been revised. The group's collective holding has decreased from the previously reported 5.06% to 3.81%, representing 198,439 shares.

Shareholder: Before Acquisition After Acquisition Change (%)
Arun Damji Gada: 97,300 (1.87%) 71,616 (1.37%) -0.50%
Sapna Kalpesh Gada: 90,321 (1.73%) 50,723 (0.97%) -0.76%
Arya Kirit Gada: 38,500 (0.74%) 38,500 (0.74%) 0.00%
Khushboo Kalpesh Gada: 37,600 (0.72%) 37,600 (0.72%) 0.00%

Current Holdings Position

After the latest transaction, the collective holding of Arun Damji Gada and his persons acting in concert stands at 198,439 shares, representing 3.81% of Arman Holdings Limited's total equity capital. Despite the acquisition of 65,282 shares, the overall percentage holding decreased, indicating changes in the total shareholding structure.

Company Capital Structure

Arman Holdings Limited's equity share capital remains unchanged at Rs. 5,21,05,000, comprising 52,10,500 equity shares with a face value of Rs. 10 each. The company's shares are listed on BSE Limited under the code 538556.

Regulatory Compliance

The disclosure fulfills the mandatory reporting requirements under SEBI's substantial acquisition regulations, ensuring transparency in shareholding changes for listed companies. The persons acting in concert include multiple members of the Gada family, with several individuals maintaining zero shareholding while others hold varying stakes in the company.

Historical Stock Returns for Arman Holdings

1 Day5 Days1 Month6 Months1 Year5 Years
+1.76%-1.35%-2.27%+33.21%+25.67%+111.75%

What factors might have caused the total shareholding structure to change significantly enough that acquiring 65,282 shares resulted in a net decrease in ownership percentage?

Will Arun Damji Gada and his PAC group continue reducing their stake in Arman Holdings, and what might this signal about their confidence in the company's future prospects?

How might this change in promoter shareholding pattern affect Arman Holdings' corporate governance and strategic decision-making processes?

Arman Holdings Limited Announces Unanimous Approval of Four Special Resolutions Through Postal Ballot

2 min read     Updated on 28 Mar 2026, 08:09 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

Arman Holdings Limited declared unanimous approval of four special resolutions through postal ballot voting concluded on March 26, 2026. With 55.77% shareholder participation representing 2905946 valid votes, all resolutions including Memorandum amendment, Articles adoption, inter-corporate transaction approvals, and Independent Director regularization received 100% support, demonstrating strong shareholder confidence in the company's strategic direction.

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Arman Holdings Limited has successfully concluded its postal ballot voting process, with all four proposed resolutions receiving unanimous shareholder approval. The company announced the voting results on March 27, 2026, following the completion of remote e-voting on March 26, 2026.

Voting Participation and Results Overview

The postal ballot process witnessed significant shareholder participation, with detailed voting statistics across different shareholder categories:

Parameter: Details
Total Shareholders: 983
Total Shares Outstanding: 5210500
Valid Votes Polled: 2905946
Participation Rate: 55.77%
Resolutions Passed: 4
Approval Rate: 100% (Unanimous)

Resolution-wise Voting Details

All four special resolutions presented to shareholders achieved complete consensus:

Resolution 1: Memorandum of Association Amendment

The special resolution for addition and alteration in the object clause of the Memorandum of Association received unanimous support:

Category: Shares Held Valid Votes Participation % Votes in Favour Against
Promoter Group: 1298850 1039650 80.04% 1039650 0
Public Non-Institutions: 3911650 1866296 47.71% 1866296 0
Total: 5210500 2905946 55.77% 2905946 0

Resolution 2: Articles of Association Adoption

The approval for adoption of new Articles of Association under the Companies Act, 2013 mirrored the same voting pattern with complete shareholder consensus.

Resolution 3: Inter-corporate Transactions Approval

Shareholders unanimously approved the special resolution for inter-corporate loans, investments, guarantees, and acquisitions under Section 186 of the Companies Act, 2013.

Resolution 4: Independent Director Regularization

The regularization of Mrs. Krishna Hareshbhai Bhatt (DIN: 11203423) as an Independent Director received complete shareholder support.

Scrutinizer's Certification

Ms. Binus H Singh (ACS No. 32440), Practicing Company Secretary, served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report dated March 27, 2026, confirmed the fair and transparent conduct of the remote e-voting process through NSDL's platform.

Key aspects of the voting process included:

  • Notice Date: February 13, 2026
  • Voting Period: February 24, 2026 (9:00 AM) to March 26, 2026 (5:00 PM)
  • Cut-off Date: February 13, 2026
  • Platform: NSDL e-voting system
  • Advertisement: Published in Free Press Gujarat (English) and Lokmitra (Gujarati) newspapers

Compliance and Disclosure

The company has fulfilled its regulatory obligations under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting results and scrutinizer's report have been uploaded on the company's website and stock exchange platforms for public access.

The unanimous approval of all resolutions demonstrates strong shareholder confidence in the company's strategic initiatives and governance framework. These approvals will enable Arman Holdings Limited to proceed with its planned corporate restructuring and business expansion activities under the updated regulatory framework.

Historical Stock Returns for Arman Holdings

1 Day5 Days1 Month6 Months1 Year5 Years
+1.76%-1.35%-2.27%+33.21%+25.67%+111.75%

What specific business expansion activities or new ventures will Arman Holdings pursue under the amended Memorandum of Association?

How will the approved inter-corporate transaction powers impact Arman Holdings' acquisition strategy and capital allocation in the coming quarters?

What market sectors or geographic regions is Arman Holdings likely to target for investments given their expanded corporate powers?

More News on Arman Holdings

1 Year Returns:+25.67%