Arman Holdings Limited: Persons Acting in Concert Dispose of Equity Shares Under SEBI SAST Regulations

A group of persons acting in concert (PAC) with Arman Holdings Limited has disclosed the disposal of equity shares under the Securities and Exchange Board of India's Substantial Acquisition of Shares and Takeovers (SAST) Regulations. The disclosure, filed by Arun Damji Gada on January 12, 2026, pertains to share transactions that occurred on November 13, 2025.

Transaction Details

The PAC group disposed of a total of 25,097 equity shares through open market transactions. The disposal involved two members of the group:

Member Name:	Shares Disposed	Percentage of Total Capital
Pushpa Geethan Gada:	21,559 shares	0.41%
Siddhant Geethan Gada:	3,538 shares	0.07%
Total Disposal:	25,097 shares	0.48%

Shareholding Pattern Changes

The disposal resulted in a reduction of the PAC group's collective shareholding in Arman Holdings Limited. The group's total holding decreased from 527,712 shares (10.13%) to 502,615 shares (9.64%).

Before and After Comparison

Parameter:	Before Disposal	After Disposal	Change
Total Shares Held:	527,712	502,615	-25,097
Percentage Holding:	10.13%	9.64%	-0.49%

Persons Acting in Concert

The PAC group comprises 14 individuals, all members of the Gada family:

Kalpesh Damji Gada (106,400 shares - 2.04%)
Arun Damji Gada (105,755 shares - 2.02%)
Kirit Damji Gada (97,730 shares - 1.88%)
Sunita Kirit Gada (68,100 shares - 1.31%)
Arya Kirit Gada (38,500 shares - 0.74%)
Khushboo Kalpesh Gada (37,600 shares - 0.72%)
Siddhant Geethan Gada (34,962 shares - 0.67%)
Parshwa Arun Gada (13,568 shares - 0.26%)
Other family members holding smaller stakes

Regulatory Compliance

The disclosure was made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates disclosure when there is any acquisition or disposal of shares or voting rights which results in the aggregate shareholding crossing certain thresholds or when there is a change in shareholding of 2% or more.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.50%	+1.77%	+3.62%	+39.04%	+44.93%	+92.31%

Arman Holdings Limited has announced major board restructuring following its board meeting conducted on January 15, 2026. The company has implemented director changes and reconstituted its key committees to ensure continued corporate governance compliance.

Director Changes

The board accepted the resignation of Mr. Neel Sanjaykumar Singapuri (DIN: 07284354) from his position as Non-Executive Independent Director, effective January 15, 2026, after close of business hours. Mr. Singapuri had been associated with the company since November 5, 2025.

Change Type:	Details
Outgoing Director:	Mr. Neel Sanjaykumar Singapuri (DIN: 07284354)
Position:	Non-Executive Independent Director
Effective Date:	January 15, 2026
Reason:	Resignation

Following the Nomination and Remuneration Committee's recommendation, the board approved the appointment of Mrs. Krishna Hareshbhai Bhatt (DIN: 11203423) as Additional Director designated as Non-Executive Independent Director. Her appointment is effective from January 16, 2026, for a term of five consecutive years until January 15, 2031, subject to member approval.

Appointment Details:	Information
New Director:	Mrs. Krishna Hareshbhai Bhatt (DIN: 11203423)
Position:	Non-Executive Independent Director
Term Duration:	5 years (January 16, 2026 to January 15, 2031)
Experience:	Over 5 years in Secretarial and Legal Field
Other Directorships:	Boss Packaging Solutions Limited, 7NR Retails Private Limited

Board Composition and Committee Reconstitution

Effective January 16, 2026, the company has reconstituted its board and committees. The current board comprises four directors: Mr. Deepak Kumar Babel as Managing Director, Mrs. Priyadarshini Babel as Non-Executive Director, and two Independent Directors - Mrs. Krishna Bhatt and Mr. Abhishek Tejawat.

The Audit Committee is now chaired by Mrs. Krishna Bhatt, with Mr. Abhishek Tejawat and Mrs. Priyadarshini Babel serving as members. The Nomination and Remuneration Committee maintains the same composition with Mrs. Krishna Bhatt as Chairman.

Committee:	Chairman	Members
Audit Committee:	Mrs. Krishna Bhatt	Mr. Abhishek Tejawat, Mrs. Priyadarshini Babel
Nomination & Remuneration:	Mrs. Krishna Bhatt	Mr. Abhishek Tejawat, Mrs. Priyadarshini Babel
Stakeholders Committee:	Mr. Abhishek Tejawat	Mrs. Krishna Bhatt, Mrs. Priyadarshini Babel

Compliance and Trading Window

The company confirmed that Mrs. Krishna Bhatt is not debarred from holding directorship by any SEBI order or other authority, ensuring compliance with regulatory requirements. Additionally, the trading window for promoters, directors, key managerial personnel, and designated persons has been closed from January 5, 2026, and will remain closed until January 17, 2026.

The board meeting commenced at 2:00 PM and concluded at 2:40 PM on January 15, 2026, at the company's registered office in Surat. These changes reflect the company's commitment to maintaining robust corporate governance standards while ensuring smooth operational continuity.