Arisinfra Solutions Limited has received disclosure from substantial shareholders regarding the disposal of equity shares under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure pertains to share sales by Shivanand Shankar Mankekar HUF and persons acting in concert, resulting in a significant reduction in their collective shareholding.

Share Disposal Details

The substantial shareholders disposed of 18,93,950 equity shares through open market transactions, representing 2.33% of the company's total share capital. The disposal reduced their combined holding from 46,86,239 shares to 27,92,289 shares.

Transaction Timeline

The share sales occurred over multiple days between February 9-12, 2026, with all transactions executed through open market sales. The selling entities included Shivanand Shankar Mankekar HUF and Mr. Kedar Shivanand Mankekar as the primary sellers.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of SEBI SAST Regulations, which requires substantial shareholders holding 5% or more to disclose changes in shareholding exceeding 2%. The last disclosure by the selling group was made on February 6, 2026, when their combined holding stood at 46,86,239 equity shares representing 5.75% of the paid-up share capital.

Company Share Capital Structure

As per the latest shareholding pattern dated December 31, 2025, Arisinfra Solutions Limited has a paid-up equity share capital of 8,14,48,906 equity shares on a non-dilutive basis and 8,70,70,652 equity shares on a fully dilutive basis. The company's shares are listed on both the National Stock Exchange of India Limited and BSE Limited.

Selling Group Details

The selling group comprises Shivanand Shankar Mankekar HUF as the acquirer and three persons acting in concert: Mr. Shivanand Shankar Mankekar, Mrs. Laxmi Shivanand Mankekar, and Mr. Kedar Shivanand Mankekar. The group does not belong to the promoter or promoter group category of the company.

Arisinfra Solutions Limited has received an ACUITE BBB stable rating for its Rs. 150.00 Cr bank facilities from Acuité Ratings & Research. The rating assignment reflects the company's strengthened financial position and steady operational performance following its successful public listing. The company has formally notified stock exchanges about the rating through regulatory filings dated February 07, 2026.

Rating Details and Regulatory Compliance

The credit rating agency has assigned the long-term rating of 'ACUITE BBB' with a stable outlook on the company's bank facilities. Following regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted the official rating letter to BSE and NSE on February 07, 2026. The rating letter, dated February 06, 2026, was received by the company team via email and is valid until December 24, 2026.

Facility Breakdown and Lender Details

The rated facilities comprise both existing and proposed bank facilities across different lenders. The rating covers a term loan facility from Vivriti Capital Limited and proposed long-term bank facilities, demonstrating the company's diversified funding approach.

Strong Operational Performance

Arisinfra Solutions has demonstrated robust growth across key financial metrics. The company's revenues increased significantly to Rs. 724.11 Cr in 9M FY26 from Rs. 546.52 Cr in 9M FY25, supported by higher volumes and deeper penetration within existing customers. EBITDA performance showed marked improvement, rising to Rs. 72.19 Cr from Rs. 46.94 Cr over the same period.

IPO Success and Financial Strengthening

The company completed its Initial Public Opening, issuing 2,25,04,324 equity shares at Rs. 222 per share, raising Rs. 499.596 Cr. The IPO proceeds were strategically utilized across multiple areas to strengthen the company's financial position, with significant debt reduction contributing to improved financial metrics.

Business Model and Market Position

Arisinfra Solutions operates as a B2B, technology-enabled procurement and supply-chain platform for the infrastructure and construction sector. The company facilitates trading, sourcing, supply, and distribution of construction materials including aggregates, ready-mix concrete, steel, cement, construction chemicals, tiles, electricals, and sanitaryware. The company has facilitated supply of approximately 20.62 million MT of construction materials through 2,083 vendors, serving 3,133 customers across 1,075 pin codes in major markets including Mumbai, Bengaluru, and Chennai.

Rating Outlook and Risk Factors

While the rating reflects several positive factors including promoters' extensive industry experience and improved net worth, Acuité has noted certain constraints including the company's limited operational track record and working-capital-intensive nature of operations. The working capital cycle showed improvement to 74 days, with average utilization of fund-based working-capital limits at 54.52%. The company's net worth increased to approximately Rs. 718 Cr in 9M FY26, with long-term debt reduced to Rs. 0.00 Cr, significantly strengthening its financial risk profile.