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.

Arman Holdings Limited has received a new disclosure under Regulation 29(2) of SEBI (Substantial Acquisitions of Shares and Takeovers) Regulations, 2011, regarding the disposal of equity shares by Lalchand Moolchand Mehta and persons acting in concert. The disclosure, dated December 16, 2025, details open market transactions executed on the same date.

Latest Transaction Details

The new disclosure shows a total disposal of 4,520 equity shares through open market transactions by two non-promoter shareholders:

Holdings After Latest Transaction

Following the disposal, the combined holding of Lalchand Moolchand Mehta and Sushila Lalchand Mehta reduced to 542,335 shares, representing 10.41% of the company's equity share capital, down from their previous holding of 10.49%.

Individual Holdings Post-Transaction

Previous Promoter Group Disposal

This latest disclosure follows an earlier updated disclosure regarding the disposal of 28,475 equity shares by the promoter group members including Arun Damji Gada and persons acting in concert. The promoter group's collective holding had reduced to 714,142 shares, representing 14.86% of the company's equity share capital.

Company Capital Structure

Arman Holdings Limited maintains its equity share capital at ₹5.21 crores, comprising 52,10,500 equity shares with a face value of ₹10.00 each. The total diluted share capital remains unchanged at the same level.

Regulatory Compliance

The disclosure confirms that Lalchand Moolchand Mehta and Sushila Lalchand Mehta do not belong to the promoter or promoter group category. The filing maintains complete transparency in the disposal process and fulfills SEBI requirements for substantial acquisition reporting with proper documentation including PAN details and detailed shareholding patterns.