Key Quantitative Figures

  • Open Offer Size: 92,72,250 equity shares (39.00% of total emerging voting equity share capital)
  • Offer Price: ₹12.50 per equity share
  • Existing Shareholding of Acquirers and PAC: 39,92,926 shares (16.79%)
  • Acquirer 1 (Pawankumar Nathmal Mallawat): 6,00,000 shares (2.52%)
  • Acquirer 2 (Allwin Securities Limited): 0 shares (0.00%)
  • PAC (Keemtee Financial Services Limited): 33,92,926 shares (14.27%)
  • Shares to be acquired pursuant to SPA: 35,55,500 shares (14.95%)
  • Post-acquisition shareholding: 75,48,426 shares (31.74%)

Transaction Details

The open offer is triggered by a Share Purchase Agreement (SPA) that will cause the aggregate shareholding of the Acquirers and PAC to exceed 25% of the voting share capital of Arnold Holdings Limited, requiring an open offer under Regulation 3(1) of the SEBI (SAST) Regulations.

Breakdown of SPA acquisition:

  • Acquirer 1 to acquire 28,90,000 equity shares (12.16%)
  • Acquirer 2 to acquire 6,65,500 equity shares (2.80%)

Parties Involved

Acquirers:

  • Mr. Pawankumar Nathmal Mallawat (Acquirer 1)
  • Allwin Securities Limited (Acquirer 2, promoted by Mr. Pawankumar Nathmal Mallawat)

Person Acting in Concert: Keemtee Financial Services Limited

Manager to the Offer: Sobhagya Capital Options Private Limited

Target Company: Arnold Holdings Limited (CIN: L65993MH1981PLC282783)

Additional Information

The Acquirers, PAC, and their directors undertake full compliance with SEBI (SAST) Regulations and confirm adequate financial resources to meet offer obligations. The Detailed Public Statement (DPS) was scheduled to be published by September 16, 2026.

Document Availability

The corrigendum is available on websites of SEBI (www.sebi.gov.in), BSE (www.bseindia.com), Manager to the Offer (www.sobhagyacapital.com), and Target Company (www.arnoldholdings.in).