Arman Holdings Limited has disclosed a substantial acquisition transaction under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure pertains to the sale of equity shares by promoter Lalachand Moolchand Mehta on December 9, 2025.

Transaction Details

Lalachand Moolchand Mehta sold 2,000 equity shares of Arman Holdings Limited through open market transactions. The sale represents 0.04% of the company's total share capital and voting rights.

Shareholding Pattern Changes

The transaction resulted in changes to the promoter's shareholding pattern in Arman Holdings Limited. The following table shows the before and after positions:

Company Capital Structure

Arman Holdings Limited's equity share capital structure remains unchanged following this transaction:

• Total Equity Share Capital: ₹5.21 crores
• Number of Equity Shares: 52,10,500 shares
• Face Value per Share: ₹10.00
• Total Voting Capital: ₹5.21 crores

The disclosure was filed with BSE Limited on December 9, 2025, in compliance with SEBI regulations governing substantial acquisitions and takeovers. The transaction maintains the promoter group's significant shareholding in the company while reflecting routine portfolio adjustments through open market operations.

Arman Holdings Limited has received a show cause notice from the Income Tax Department under section 263 of the Income Tax Act, 1961 for Assessment Year 2017-18. The company disclosed this development to BSE on December 20, 2025, in compliance with regulatory requirements under Regulation 30 of SEBI Listing Regulations.

Notice Details and Allegations

The show cause notice was issued by the Office of the Principal Commissioner of Income Tax (PCIT), Income Tax Department, Delhi-1. The notice pertains to revision proceedings under section 263, with the department alleging that the assessment was completed by passing an order under section 147 read with section 144B on May 26, 2023, which is prima facie erroneous.

Company's Position and Response

Arman Holdings has stated that it does not agree with the show cause notice and will take appropriate actions for rectification or reversal of the same. The company has indicated that the maximum financial impact would be to the extent of tax demand, interest, and penalty levied, if any, by the Income Tax Department.

Disclosure Timeline and Explanation

The company explained the delay in disclosure, stating that the notice involved technical tax analysis, review, and opinion by income tax experts. The management wanted to avoid any premature or incomplete announcement that could result in ambiguity or misinterpretation before investors, stakeholders, or regulatory agencies.

Regulatory Compliance

This disclosure was made pursuant to the provisions of Regulation 30 read with Para A, Part A, Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has requested BSE to take this information on record as part of its ongoing compliance obligations.