Arman Holdings has received an updated disclosure from Arun Damji Gada regarding additional disposal of equity shares under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The group of persons acting in concert has further reduced their collective stake in the company through open market sales.

Latest Transaction Details

The most recent disposal transaction was executed on November 13, 2025, through open market sales. The group disposed of a total of 28,049 equity shares, representing 0.54% of the company's total share capital. The disclosure was filed on January 5, 2026.

Updated Shareholding Position

Following the latest disposal, the group's collective shareholding has decreased from 11.89% to 11.35%. The group now holds 591,560 shares compared to the previous holding of 619,609 shares.

Individual Disposal Details

The latest share disposal was executed by two members of the group:

Group Composition and Structure

The persons acting in concert comprise 14 individuals from the Gada family, including Arun Damji Gada, Kalpesh Damji Gada, Kirit Damji Gada, and their family members. The group is classified as non-promoter entities in the disclosure. Key members maintain significant individual holdings:

Company Information

Arman Holdings Limited is listed on BSE Limited with scrip code 538556. The company's equity share capital remains unchanged at ₹5.21 crores, comprising 52,10,500 equity shares with a face value of ₹10.00 each. The disclosure confirms that the total diluted share capital also remains at the same level, indicating no outstanding convertible securities or warrants.

Arman Holdings Limited has filed a revised disclosure with BSE Limited under Regulation 29(2) of SEBI (Substantial Acquisitions of Shares and Takeovers) Regulations, 2011, correcting a significant error in their previous submission. The revision addresses an unintentional typing mistake in the total shareholding figures reported in their November 26, 2025 disclosure.

Shareholding Correction Details

The primary correction involves adjusting the total shareholding after the transaction from 599,500 equity shares to 499,500 equity shares. This revision was necessitated by what the company describes as an unintentional typing error in their original filing.

Acquirer Information

The disclosure involves Varigate Advisory Services (P) Ltd as the primary acquirer, with Sanjay Otawat acting as a person acting in concert (PAC). Both entities are confirmed as non-promoter entities in relation to Arman Holdings Limited.

Pre-Transaction Holdings

Before the acquisition under consideration, the combined holdings of both entities were as follows:

Transaction Details

The actual transaction involved only Sanjay Otawat, who acquired 1,500 additional shares representing 0.03% of the total share capital. Varigate Advisory Services (P) Ltd did not acquire any additional shares during this transaction.

Post-Transaction Holdings

Following the corrected disclosure, the updated shareholding pattern shows:

Company Capital Structure

Arman Holdings Limited maintains a consistent equity share capital structure throughout the transaction period. The company's capital comprises ₹5.21 crores, consisting of 52,10,500 equity shares with a face value of ₹10.00 each. This capital structure remained unchanged both before and after the acquisition.

Regulatory Compliance

The revised disclosure was submitted to BSE Limited's Department of Corporate Services, with Sanjay Otawat signing as the authorized signatory. The filing includes comprehensive details as required under SEBI regulations, including PAN details for both entities involved in the transaction. The correction demonstrates the company's commitment to maintaining accurate regulatory filings and promptly addressing any discrepancies in their submissions.