Arman Holdings Limited's promoter group has disclosed the disposal of equity shares under SEBI (Substantial Acquisitions of Shares and Takeovers) Regulations, 2011. The disclosure, filed on December 18, 2025, reveals a reduction in the promoter group's collective shareholding following open market transactions.

Transaction Details

The share disposal transaction was executed on November 13, 2025, through open market sales. Two promoter group members participated in the disposal:

Shareholding Pattern Changes

The disposal resulted in a marginal reduction in the promoter group's collective shareholding. The group's total holding decreased from 14.46% to 14.36% of the company's equity capital.

Key Shareholding Changes:

• PushpaGeethanGada: Shareholding reduced from 55,687 shares (1.07%) to 55,671 shares (1.07%)
• SapanaKalpeshGada: Shareholding decreased from 51,719 shares (0.99%) to 46,719 shares (0.90%)
• Other promoter group members: No changes in their respective holdings

Company Capital Structure

Arman Holdings Limited maintains a consistent equity capital structure throughout the transaction period:

Promoter Group Composition

The promoter group consists of 14 members from the Gada family, with ArunDamjiGada serving as the primary disclosing entity. The group includes various family members holding different stake percentages, with the largest individual holding being KalpeshDamjiGada at 2.04% (1,06,400 shares) and ArunDamjiGada at 2.01% (1,05,100 shares).

The disclosure was filed in compliance with Regulation 29(2) of SEBI (Substantial Acquisitions of Shares and Takeovers) Regulations, 2011, demonstrating the company's adherence to regulatory transparency requirements.

Arman Holdings Limited has witnessed its fourth shareholding change as Varigate Advisory Services (P) Ltd disposed of 3,000 equity shares through an open market transaction on December 19, 2025. This marks the largest single disposal transaction in the recent series, following previous disposals of 400 shares on December 9, 200 shares on December 15, and 1,400 shares on December 16, 2025. The latest disposal was disclosed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.

Latest Transaction Details

The December 19 transaction represents the most significant disposal in the recent series of transactions by Varigate Advisory Services (P) Ltd, which acts in concert with Sanjay Otawat. The disposal continues the pattern of gradual shareholding reduction through open market transactions over an 11-day period.

Updated Shareholding Pattern

Following the December 19 transaction, the combined shareholding of the persons acting in concert has decreased to 9.41%. Varigate Advisory Services now holds 243,000 shares representing 4.66% of the total equity, while Sanjay Otawat maintains his unchanged position of 247,500 shares representing 4.75%.

Company Share Capital Structure

Arman Holdings Limited maintains a stable equity share capital structure throughout all transaction periods. The company's total equity share capital remains unchanged at ₹5.21 crores, comprising 52,10,500 equity shares with a face value of ₹10.00 each.

Regulatory Compliance

All four disclosures were made in compliance with SEBI regulations governing substantial acquisitions and takeovers. Varigate Advisory Services and Sanjay Otawat do not belong to the promoter or promoter group category. The company's shares are listed on BSE Limited under scrip code 538556. The latest disclosure was filed on December 19, 2025, from Mumbai.