Arman Holdings Limited Announces Board Changes and Committee Reconstitution

Arman Holdings Limited has announced key board changes and committee reconstitution following a board meeting held on January 15, 2026. The meeting, which took place at the company's registered office from 2:00 pm to 2:40 pm, addressed several important governance matters including director appointments and committee restructuring.

Board 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.

Following recommendations from the Nomination and Remuneration Committee, 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 shareholder approval.

Director Change Details:	Information
Outgoing Director:	Mr Neel Sanjaykumar Singapuri (DIN: 07284354)
Resignation Date:	January 15, 2026
New Appointee:	Mrs Krishna Hareshbhai Bhatt (DIN: 11203423)
Appointment Date:	January 16, 2026
Term Duration:	5 years (until January 15, 2031)

New Director Profile

Mrs Krishna Hareshbhai Bhatt brings over five years of experience as a skilled Company Secretary with extensive expertise in secretarial and legal fields. She currently serves as director of Boss Packaging Solutions Limited, a listed company, and 7NR Retails Private Limited. The board confirmed that she is not related to any existing director of the company and is not debarred from holding directorial positions by SEBI or any other authority.

Reconstituted Board Structure

Effective January 16, 2026, the company has reconstituted its board and committee compositions. The new board structure includes four directors across different categories:

Board Composition:	Director Details
Managing Director:	Mr Deepak Kumar Babel
Non-Executive Director:	Mrs Priyadarshini Babel
Non-Executive Independent Director:	Mrs Krishna Bhatt
Non-Executive Independent Director:	Mr Abhishek Tejawat

Committee Restructuring

The board has reconstituted three key committees with new leadership and member compositions:

Audit Committee:

Chairman: Mrs Krishna Bhatt
Members: Mr Abhishek Tejawat, Mrs Priyadarshini Babel

Nomination and Remuneration Committee:

Chairman: Mrs Krishna Bhatt
Members: Mr Abhishek Tejawat, Mrs Priyadarshini Babel

Stakeholders/Investors Grievances Relationship Committee:

Chairman: Mr Abhishek Tejawat
Members: Mrs Krishna Bhatt, Mrs Priyadarshini Babel

Trading Window Closure

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has closed the trading window for all promoters, promoter group members, directors, key managerial personnel, designated persons, employees, connected persons and their relatives from January 5, 2026. The trading window will remain closed until January 17, 2026, both days inclusive.

The company has submitted all required disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming compliance with regulatory requirements for the board changes and committee reconstitution.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.03%	-5.66%	+7.53%	+32.10%	+47.06%	+92.31%

Arun Damji Gada and his group of associates have disclosed the disposal of equity shares in Arman Holdings Limited, filing the mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was completed through open market sales on November 13, 2025.

Share Disposal Details

The disposal involved a total of 63,848 equity shares, executed entirely by Pushpa Geethan Gada among the group members. The transaction reduced the collective holding of Arun Damji Gada and his associates from 11.35% to 10.13% of the company's total share capital.

Transaction Parameter:	Details
Total Shares Sold:	63,848 shares
Transaction Date:	November 13, 2025
Mode of Sale:	Open Market
Percentage Reduction:	1.22%

Holdings Before and After Transaction

Prior to the disposal, the group collectively held 5,91,560 shares representing 11.35% of Arman Holdings Limited. The primary changes occurred in Pushpa Geethan Gada's holdings, where one entity completely divested 8,407 shares (0.16%) and another reduced holdings by 55,441 shares from 77,000 to 21,559 shares.

Shareholding Summary:	Before Transaction	After Transaction	Change
Total Group Holding:	5,91,560 shares (11.35%)	5,27,712 shares (10.13%)	-63,848 shares (-1.22%)
Arun Damji Gada:	1,05,755 shares (2.02%)	1,05,755 shares (2.02%)	No change
Kalpesh Damji Gada:	1,06,400 shares (2.04%)	1,06,400 shares (2.04%)	No change
Pushpa Geethan Gada (Combined):	85,407 shares (1.64%)	21,559 shares (0.41%)	-63,848 shares (-1.23%)

Company Capital Structure

Arman Holdings Limited's equity share capital remained unchanged following the transaction. The company maintains its capital structure with 52,10,500 equity shares of ₹10 face value each, totaling ₹5.21 crores in equity share capital.

Regulatory Compliance

The disclosure was filed in compliance with SEBI regulations, confirming that Arun Damji Gada and his associates do not belong to the promoter or promoter group category. The group includes 13 individuals acting in concert, with the transaction executed by specific members while others maintained their existing shareholdings.

Key Stakeholders

The persons acting in concert include family members across the Gada family, comprising Arun Damji Gada, Kalpesh Damji Gada, Kirit Damji Gada, and their respective family members including spouses and children. Post-transaction, individual holdings within the group range from minimal stakes of 30 shares to significant positions exceeding 1,00,000 shares.