Arnold Holdings concluded its 44th Annual General Meeting on September 9, 2026. The company held the meeting via video conferencing in compliance with Ministry of Corporate Affairs guidelines.

The meeting commenced at 11:00 am and ended at 11:21 am. Mrs. Munni Devi Jain served as Chairperson for the proceedings.

Key Resolutions Passed

Shareholders approved several ordinary and special business items during the session. The board sought approval for the following resolutions:

• Adoption of Audited Financial Statements for the financial year ended March 31, 2026.
• Reappointment of Mrs. Gazala Mohammed Irfan Kolsawala as Whole Time Director and CFO.
• Appointment of M/s. S N Nanda & Co., Chartered Accountants, as Statutory Auditors.
• Reappointment of Mr. Rajpradeep Mahavirprasad Agrawal as Whole Time Director for five years.

Attendance and Voting

Fifty-three shareholders attended the meeting through video conferencing. The e-voting platform remained open from September 6 to September 8, 2026. Post-meeting voting continued for 15 minutes after the conclusion of proceedings.

Thirteen shareholders registered for the Q&A session, with eleven joining to ask questions. Mr. Ranjit Binod Kejriwal was appointed as Scrutinizer for the remote e-voting process.

Board Presence

The following directors were present at the meeting:

The company will declare voting results upon receipt of the Scrutinizer's report.

Mr. Pawankumar Mallavat and Allwin Securities Limited have triggered a mandatory open offer to acquire up to 39% of Arnold Holdings . The move follows the execution of share purchase agreements on September 8, 2026, which increased their aggregate stake from 2.52% to 17.48%, crossing the regulatory threshold under SEBI (SAST) Regulations.

Offer Structure

The acquirers intend to purchase up to 92,72,250 equity shares of face value ₹10 each from public shareholders. The offer price is fixed at ₹12.50 per share, determined in accordance with Regulations 8(1) and 8(2) of the SEBI (SAST) Regulations. Assuming full acceptance, the total consideration payable will amount to ₹11,59,03,125. Payment will be made in cash, and the offer is not subject to any minimum level of acceptance.

Underlying Transaction

The open offer obligation was triggered by the acquisition of 35,55,500 equity shares, representing 14.95% of the voting share capital, from two public sellers: Harivardhan Enterprises Private Limited and Khattu Hospitality Private Limited. The shares were acquired at a negotiated price of ₹12 per share, aggregating to a total consideration of ₹4,26,66,000.

Acquirer Shareholding

Post-transaction, Mr. Pawankumar Mallavat will hold 14.68% of the voting share capital, while Allwin Securities Limited will hold 2.80%. Collectively, their stake rises to 17.48%. If the open offer is fully accepted, the combined holding could reach up to 41.80%.

What the Numbers Show

The open offer price of ₹12.50 represents a 4.17% premium over the ₹12 per share price paid in the underlying share purchase agreements. This pricing differential reflects the regulatory requirement for fair valuation in mandatory takeovers compared to negotiated block deals.

Timeline

Sobhagya Capital Options Private Limited has been appointed as the Manager to the Offer. The Detailed Public Statement is scheduled for publication by September 16, 2026. The completion of the offer is subject to statutory approvals.