Arnold Holdings has declared the voting results for its 44th Annual General Meeting held on September 9, 2026. Shareholders approved all four resolutions with overwhelming support.

The meeting was conducted via video conferencing in compliance with Ministry of Corporate Affairs guidelines. Mrs. Munni Devi Jain served as Chairperson. The session commenced at 11:00 am and concluded at 11:21 am.

Voting Participation

A total of 3,636 shareholders were on record as of September 2, 2026. Out of these, 117 members voted on the resolutions through remote e-voting and e-voting during the meeting. The promoter group held 4,821,229 shares, while public non-institutional investors held 18,640,365 shares.

Fifty-three shareholders attended the meeting via video conferencing. Thirteen shareholders registered for the Q&A session, with eleven joining to ask questions. Mr. Ranjit Binod Kejriwal served as the Scrutinizer for the process.

Resolutions Passed

The Scrutinizer’s report, dated September 10, 2026, confirmed that all resolutions were passed with requisite majority. The key outcomes included:

• Adoption of Audited Financial Statements for FY26.
• 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.

Voting Breakdown

Promoter and promoter group shareholders voted in favour of all resolutions. Public non-institutional shareholders also supported all items, with minimal dissent recorded in two resolutions.

Board Presence

The following directors were present at the meeting:

The company filed the results with BSE Limited pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.

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.