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Arman Holdings Ltd (538556)

📊 BSE: 538556 🏢 Investment Company 📢 Latest filing: 01 Oct 2026

Latest quarterly results (Q4 FY26)

In its latest reported quarter, Q4 FY26, Arman Holdings' revenue was ₹1.8 Cr (-51.2% year on year, +62.7% on the previous quarter), and net profit ₹0.6 Cr (+392.3% year on year); the operating margin was 46.9%.

Q4 FY26 (₹ Cr)	Value	YoY vs Q4 FY25	QoQ
Revenue	₹1.8	-51.2%	+62.7%
Operating profit	₹0.8	+546.2%	+100.0%
Net profit	₹0.6	+392.3%	+100.0%
EPS (₹)	1.23	+392.0%	+101.6%
Operating margin	46.9%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Arman Holdings MD Deepak Kumar Babel Resigns Effective 31 October 2026

🔴 NEGATIVE ⭐ 7/10

MANAGEMENT 📅 01 Oct 2026, 01:59 PM

Arman Holdings Limited has announced the resignation of its Managing Director, Mr. Deepak Kumar Babel (DIN: 05200110), citing personal and unavoidable circumstances alongside other professional commitments. His resignation takes effect from the close of business hours on 31 October 2026. The company reported that the Board is currently in the process of selecting a new Director to fill the position. The departure affects key leadership in a micro-cap investment firm with a market capitalization of Rs 61 Cr and TTM revenue of Rs 4 Cr.

Managing Director Deepak Kumar Babel tenders resignation dated 01 October 2026
Cessation effective from the close of business hours on 31 October 2026
Cites personal and unavoidable circumstances with no other material reasons confirmed
Company has initiated the process to select a replacement Director

💡 Watch for the appointment of the new Managing Director and monitor subsequent corporate strategy disclosures and quarterly filings.

Promoter Group Sells 0.49% Stake (25,500 Shares) in Arman Holdings

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 01 Sep 2026, 10:55 AM

Promoter group members of Arman Holdings Limited disposed of 25,500 equity shares (0.49% of total voting capital) through open market transactions on August 27, 2026. The disposal comprised 18,000 shares (0.35%) sold by Manasvini Trading Private Ltd and 7,500 shares (0.14%) sold by Sangeeta S Jain. Following this transaction, aggregate promoter and PAC holding decreased from 21.83% (11,37,350 shares) to 21.34% (11,11,850 shares). The total equity capital remains unchanged at 52,10,500 shares amounting to Rs 5.21 crore.

Promoter group entities sold 25,500 equity shares (0.49% stake) on 27/08/2026 via open market
Aggregate promoter and PAC holding decreased from 21.83% (11,37,350 shares) to 21.34% (11,11,850 shares)
Manasvini Trading Private Ltd reduced holding from 16.24% (8,46,000 shares) to 15.89% (8,28,000 shares)
Sangeeta S Jain reduced holding from 4.70% (2,44,700 shares) to 4.56% (2,37,200 shares)
Total paid-up voting equity capital stands at Rs 5,21,05,000 comprising 52,10,500 equity shares

💡 Track subsequent quarterly shareholding pattern disclosures to monitor whether promoter group selling persists.

Promoter Group Sells 0.49% Stake (25,500 Shares) in Arman Holdings via Open Market

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 01 Sep 2026, 10:52 AM

Members of the promoter group of Arman Holdings Limited, including Manasvini Trading Pvt Ltd and Sangeeta S Jain, sold an aggregate of 25,500 equity shares (0.49% stake) via open market transactions on August 27, 2026. Following this disposal, the total promoter group holding decreased from 21.83% (11,37,350 shares) to 21.34% (11,11,850 shares). The total paid-up equity share capital remains unchanged at Rs 5.21 crore across 52,10,500 shares of Rs 10 face value.

Promoter group entities sold 25,500 equity shares, representing 0.49% of total voting capital on 27/08/2026.
Manasvini Trading Private Ltd disposed of 18,000 shares (0.35%), reducing its stake from 16.24% to 15.89%.
Sangeeta S Jain disposed of 7,500 shares (0.14%), reducing her holding from 4.70% to 4.56%.
Aggregate promoter and PAC holding declined from 21.83% (11,37,350 shares) to 21.34% (11,11,850 shares).

💡 Track upcoming quarterly shareholding patterns to observe whether promoter selling continues, given the already low promoter base of 21.34%.

Varigate Advisory Sells 0.10% Stake in Arman Holdings via Open Market

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 28 Aug 2026, 11:36 AM

Non-promoter entity Varigate Advisory Services (P) Ltd sold 5,282 equity shares (0.10% of total share capital) of Arman Holdings Ltd via open market on August 27, 2026. Following this transaction, the combined holding of Varigate Advisory Services and person acting in concert (Sanjay Otawat) decreased from 5.80% (302,282 shares) to 5.70% (297,000 shares). The total paid-up equity capital remains unchanged at 5,210,500 shares (Rs 5.21 crore).

5,282 equity shares (0.10% stake) sold via open market on August 27, 2026
Varigate Advisory Services' individual holding reduced from 1.63% (84,782 shares) to 1.53% (79,500 shares)
Combined PAC holding declined from 5.80% (302,282 shares) to 5.70% (297,000 shares)
Total share capital stands at 5,210,500 equity shares of Rs 10 each (Rs 5.21 crore)

💡 Track subsequent shareholding pattern filings to observe any continuous secondary market divestments by major non-promoter public shareholders.

Rs 14.22 Cr Q1 Revenue: Arman Holdings reports 694% QoQ growth driven by new Chemicals segment

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 13 Aug 2026, 02:11 PM

Arman Holdings reported a massive structural shift in its business scale for Q1 FY27, with revenue jumping to Rs 14.22 Cr from just Rs 1.79 Cr in the previous quarter. This growth is almost entirely driven by the entry into the Chemicals segment, which contributed Rs 9.85 Cr (69% of total revenue). While the top line grew ~3.5x the previous full-year revenue in a single quarter, Net Profit grew more modestly to Rs 0.70 Cr from Rs 0.64 Cr in the preceding quarter, indicating a shift toward a high-volume, lower-margin trading model.

Revenue from operations surged to Rs 14.22 Cr in Q1 FY27, a 694% increase over the preceding quarter's Rs 1.79 Cr
New Chemicals segment contributed Rs 9.85 Cr to revenue, appearing for the first time in the segment results
Precious Metal & Stones segment revenue grew 152% QoQ to Rs 4.37 Cr from Rs 1.73 Cr
Total assets expanded significantly to Rs 21.50 Cr from Rs 7.72 Cr in March 2026
Net Profit for the quarter stood at Rs 0.70 Cr, representing a 10% QoQ growth despite the massive revenue jump

💡 Investors should monitor the sustainability of the new Chemicals trading segment and observe if the company can improve its thin net profit margins (currently ~5%) as it scales. Watch for working capital management, as segment liabilities have increased to Rs 12.90 Cr to fund this expansion.

Arman Holdings Schedules 44th AGM for Aug 26, 2026; FY26 Annual Report Released

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 06 Aug 2026, 09:47 PM

Arman Holdings has released its 44th Annual Report for FY 2025-26 and scheduled its Annual General Meeting (AGM) for August 26, 2026. The company reported a turnaround in FY26 with a net profit of 0.95 crore compared to a loss of 0.02 crore in FY25, despite a slight revenue dip to 3.57 crore. Key agenda items include the re-appointment of Mrs. Priyadarshani Babel and the appointment of Mr. Ravi Jitendra Modi as an Independent Director for a 5-year term. The cut-off date for e-voting eligibility is set for August 19, 2026.

44th Annual General Meeting scheduled for August 26, 2026, at 10:00 A.M. IST via Video Conferencing.
FY26 Net Profit reached 0.95 crore, a recovery from the 0.02 crore loss reported in FY25.
Promoter holding stood at 24.93% as of March 31, 2026, comprising 12,98,850 shares.
97.56% of total equity shares (50,83,339 shares) are held in dematerialized form as of the end of FY26.
Proposed appointment of Mr. Ravi Jitendra Modi as Independent Director for a term ending May 30, 2031.

💡 Investors should review the full Annual Report for details on the trading business performance and monitor the voting results of the AGM regarding director appointments.

Arman Holdings Board Meeting on August 13, 2026, to Approve Q1 Financial Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 04 Aug 2026, 08:13 PM

Arman Holdings has scheduled a board meeting for August 13, 2026, to review and approve unaudited financial results for the quarter ended June 30, 2026. The company is coming off a strong March 2026 quarter where it reported revenue of ₹1.79 Cr and a net profit of ₹0.64 Cr. With a small market capitalization of ₹60 Cr and TTM revenue of ₹4 Cr, quarterly fluctuations significantly impact the valuation. Investors should note the recent decline in promoter holding from 24.93% to 21.83% as of June 2026.

Board meeting scheduled for August 13, 2026, to approve Q1 FY27 results
Trading window closure remains in effect until August 16, 2026
Company reported a TTM PAT of ₹1 Cr against a market cap of ₹60 Cr
Promoter holding stands at 21.83% as of the June 2026 quarter
Previous quarter (March 2026) revenue was ₹1.79 Cr, representing nearly 50% of FY26 annual revenue

💡 Monitor the financial results on August 13 to see if the company maintains its operating profit margin, which stood at 35.3% on a TTM basis.

Arman Holdings Schedules 44th AGM for Aug 26, 2026; Releases FY26 Annual Report

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Jul 2026, 05:19 PM

Arman Holdings has announced its 44th Annual General Meeting (AGM) for August 26, 2026, to adopt the audited financial statements for FY 2025-26. The company, which operates in the trading business, reported TTM revenue of Rs 4 Cr and a PAT of Rs 1 Cr, a significant improvement over the FY25 net loss of Rs 0.02 Cr. Key agenda items include the re-appointment of Mrs. Priyadarshani Babel and the appointment of Mr. Ravi Jitendra Modi as an Independent Director for a five-year term. Shareholders as of the August 19, 2026 cut-off date are eligible to vote.

44th AGM scheduled for August 26, 2026, via Video Conferencing
Cut-off date for e-voting eligibility set for August 19, 2026
97.56% of total equity (50,83,339 shares) is held in dematerialized form as of March 31, 2026
Promoter holding reported at 24.93% as of March 31, 2026, though recent context shows a drop to 21.83% by June 2026
Proposed appointment of Mr. Ravi Jitendra Modi as Independent Director for a term ending May 30, 2031

💡 Investors should review the full Annual Report for details on the trading business's margins and monitor the AGM for management's explanation regarding the recent decline in promoter stake.

44th AGM Scheduled for August 26, 2026; Arman Holdings Releases FY26 Annual Report

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Jul 2026, 05:05 PM

Arman Holdings has announced its 44th Annual General Meeting (AGM) for August 26, 2026, to review the FY 2025-26 Annual Report. The company, which has a market cap of Rs 58 Cr, reported a TTM revenue of Rs 4 Cr and a PAT of Rs 1 Cr, marking a recovery from an FY25 net loss of Rs 0.02 Cr. Shareholders as of the August 19, 2026, cut-off date are eligible for e-voting. The e-voting window is scheduled from August 21 to August 25, 2026.

44th Annual General Meeting scheduled for August 26, 2026, at 10:00 AM IST via video conferencing.
Cut-off date for determining e-voting eligibility is set for August 19, 2026.
Remote e-voting period will be open for 5 days, starting August 21 and ending August 25, 2026.
Company reported a significant quarterly revenue of Rs 1.79 Cr in March 2026 compared to Rs 0.33 Cr in June 2025.

💡 Investors should review the FY26 Annual Report to understand the sustainability of the revenue growth seen in the March 2026 quarter (Rs 1.79 Cr) and monitor any changes in the low promoter holding of 21.83%.

Opportune Exim Pvt Ltd Sells 4,150 Shares of Arman Holdings Ltd via Open Market

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 24 Jul 2026, 04:28 PM

Opportune Exim Private Limited, a non-promoter entity, sold 4,150 equity shares of Arman Holdings Ltd on June 5, 2026, through the open market. This transaction represents a minor 0.08% of the company's total equity capital. The filing contains a notable discrepancy, reporting a pre-sale holding of 4.64% for 4,50,000 shares, whereas the actual percentage based on the total share capital of 52.1 lakh shares is approximately 8.64%. This minor exit follows a recent decline in promoter holding from 24.93% to 21.83% in the June 2026 quarter.

Sale of 4,150 equity shares (0.08% of total capital) on June 5, 2026
Pre-transaction holding was 4,50,000 shares (reported as 4.64% in the filing)
Post-transaction holding stands at 4,45,850 shares (reported as 8.56% in the filing)
Total equity share capital remains unchanged at 52,10,500 shares of Rs 10 each
Transaction executed via open market mode

💡 Investors should note the minor volume of this non-promoter sale but remain aware of the broader trend of declining promoter holding and potential reporting inconsistencies in regulatory filings.

Arman Holdings Schedules 44th AGM for August 26, 2026; Book Closure Starts August 20

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Jul 2026, 03:24 PM

Arman Holdings Ltd has announced its 44th Annual General Meeting (AGM) to be held on August 26, 2026, via video conferencing. The company has fixed the book closure period from August 20, 2026, to August 26, 2026, for the purpose of the AGM. This is a standard administrative procedure for the Rs 56 Cr market cap investment company. Investors should note the recent decline in promoter holding from 24.93% in March 2026 to 21.83% in June 2026 ahead of this meeting.

44th Annual General Meeting scheduled for August 26, 2026, at 10:00 A.M.
Book closure period set for 7 days from August 20, 2026, to August 26, 2026.
Company operates with a small TTM revenue base of Rs 4 Cr and a net worth of Rs 7 Cr.
Promoter holding stands at 21.83% as of the June 2026 quarter.

💡 Review the upcoming Annual Report for details on the investment portfolio and reasons for the recent promoter stake reduction.

Arman Holdings to Hold 44th AGM on August 26, 2026; Proposes Director Appointments

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 24 Jul 2026, 03:19 PM

Arman Holdings has scheduled its 44th Annual General Meeting (AGM) for August 26, 2026, to be conducted via video conferencing. The board has fixed August 19, 2026, as the cut-off date for determining shareholder eligibility for e-voting. Key agenda items include the re-appointment of Mrs. Priyadarshani Babel and the ratification of Mr. Ravi Jitendra Modi as an Independent Director for a five-year term. The company, a micro-cap with a market capitalization of ‡56 Cr, reported a TTM revenue of ‡4 Cr.

44th Annual General Meeting scheduled for August 26, 2026, at 10:00 AM
Cut-off date for e-voting eligibility fixed as August 19, 2026
Share transfer books to remain closed from August 20, 2026, to August 26, 2026
Proposed ratification of Mr. Ravi Jitendra Modi as Independent Director for a 5-year term
Mrs. Priyadarshani Babel, seeking re-appointment, is the wife of Managing Director Mr. Deepak Kumar Babel

💡 Investors should monitor the AGM proceedings for any management commentary on the company's investment strategy, given its high P/E of 58.8 and small revenue base of ‡4 Cr.

Arman Holdings Schedules 44th AGM for Aug 26, 2026; Proposes Director Appointments

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 24 Jul 2026, 03:15 PM

Arman Holdings has finalized the schedule for its 44th Annual General Meeting (AGM) to be held on August 26, 2026. The board has approved the re-appointment of Mrs. Priyadarshani Babel and the ratification of Mr. Ravi Jitendra Modi as an Independent Director for a 5-year term. The book closure for the AGM is set for August 20-26, 2026, with a voting cut-off date of August 19, 2026. These are standard procedural steps for the company, which currently has a small market capitalization of Rs 56 Cr and TTM revenue of Rs 4 Cr.

44th Annual General Meeting scheduled for August 26, 2026, via Video Conferencing.
Book closure period fixed from August 20, 2026, to August 26, 2026.
Cut-off date for e-voting entitlement set as August 19, 2026.
Proposed ratification of Mr. Ravi Jitendra Modi as Independent Director for a 5-year tenure.
Mrs. Priyadarshani Babel, with 16 years of experience, to be re-appointed as Non-Executive Director.

💡 Investors should note the AGM date and voting deadlines for procedural participation; no immediate financial impact is expected from these administrative updates.

Board Meeting Scheduled for July 24 to Approve 44th AGM Notice and Book Closure

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 19 Jul 2026, 09:51 PM

Arman Holdings Ltd has scheduled a board meeting on July 24, 2026, to approve the notice for its 44th Annual General Meeting (AGM) for the financial year 2025-26. The board will also fix the book closure dates for the register of members and appoint a scrutinizer for the e-voting process. Additionally, the meeting will cover routine compliance matters, including the shareholding pattern and investor grievance status for the quarter ended June 30, 2026.

Board meeting scheduled for July 24, 2026, at 2:00 PM at the registered office in Surat
Approval of the notice for the 44th Annual General Meeting for FY 2025-26
Fixing of Book Closure dates for the Register of Members and Share Transfer Register
Review of investor grievance status and shareholding pattern for the quarter ended June 30, 2026
Appointment of a Scrutinizer for the e-voting process at the upcoming AGM

💡 Investors should watch for the subsequent filing of the AGM notice to identify any proposed dividends or special resolutions to be voted upon.

March 26 Resolution: Arman Holdings Amends MoA to Include AI, Media, and Chemicals

🔵 WATCH ⭐ 4/10

EXPANSION 📅 19 Jul 2026, 09:48 PM

Arman Holdings has formally submitted its amended Memorandum of Association (MoA) following a shareholder resolution passed on March 26, 2026. The company is significantly diversifying its potential business scope beyond its current investment focus into sectors like Artificial Intelligence (AI), Media & Entertainment, Chemicals/Pharmaceuticals, and IT services. The new objects include manufacturing chemicals, producing films/OTT content, and developing AI-based software solutions. While these amendments provide the legal framework for a major pivot, no specific capital expenditure or project timelines were disclosed in this filing.

Shareholder resolution for amendments passed via postal ballot on March 26, 2026
New business objects include Artificial Intelligence (AI), machine learning, and robotics development
Expansion into Media includes film production, OTT platforms, and broadcasting in multiple languages
Chemical sector scope covers heavy/light chemicals, pharmaceuticals, and specialty chemicals
IT services scope includes software development, outsourcing, and recruitment services

💡 Monitor for any concrete business announcements, capital allocation plans, or management hires related to these new sectors (AI, Media, Chemicals) to see if the company intends to operationalize these objects.

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