Arnold Holdings Limited has issued a corrigendum to its public announcement regarding an open offer for acquiring up to 92,72,250 equity shares. The amendment corrects inadvertent omissions concerning the name and shareholding details of Keemtee Financial Services Limited, identified as a Person Acting in Concert (PAC). This clarification ensures complete and accurate disclosure for the proposed acquisition, aimed at increasing the acquirers’ stake to 31.74%.
Open Offer Details Updated for Arnold Holdings Shareholders
A recent corrigendum has been issued concerning the public announcement for the open offer of Arnold Holdings Limited. The announcement, originally dated September 8, 2026, has been amended to rectify a clerical error that led to the inadvertent omission of the name and shareholding details of Keemtee Financial Services Limited. This entity is now clearly identified as a Person Acting in Concert (PAC) in relation to the proposed open offer.
Acquisition Details and Shareholding Changes
The open offer aims for the acquisition of up to 92,72,250 equity shares, representing 39.00% of the total equity share capital of Arnold Holdings Limited. The offer price is set at ₹12.50 per equity share. The corrigendum clarifies that following the underlying Share Purchase Agreement (SPA) and the open offer, the aggregate shareholding of the Acquirers (Mr. Pawankumar Nathmal Mallawat and Allwin Securities Limited) along with the PAC (Keemtee Financial Services Limited) will increase from the pre-transaction 16.79% to 31.74% of the voting share capital. Specifically, Acquirer 1 will acquire 28,90,000 shares (12.16% stake increase), and Acquirer 2 will acquire 6,65,500 shares (2.80% stake increase), bringing the total stake to 31.74%.
Purpose of the Corrigendum
The issuance of this corrigendum is in compliance with Regulations 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The aim is to ensure complete and accurate disclosure regarding the parties involved in the open offer and their respective shareholdings. This update is crucial for public shareholders to make informed decisions regarding the offer. The Public Announcement, along with this Corrigendum, is available on the websites of SEBI, BSE, Sobhagya Capital, and Arnold Holdings.
Source: BSE
