Directed by Ramesh Sippy, the action adventure drama, starring Amitabh Bachchan, Dharmendra, Hema Malini, Jaya Badhuri, Amjad Khan and Sanjeev Kumar, had released on August 15, 1975.
Arbaaz congratulated the entire team for making such a wonderful film which people are still talking about after 40 years.
"'Sholay' is a yaadgar (memorable) film... It is a landmark film. It is the best film ever made by us... Best film of India in terms of shooting, script and performance. It will always be the best film of Indian cinema," he said.
"We had come from boarding school and my father had taken us to watch the film...I was eight years old. It was a great experience watching in Minerva because of the four-track sound. I enjoyed myself watching it," he said.
"'Sholay' is one such film where the cast and crew benefited and it took them to another level. That is a great film," he said.
Arbaaz was talking at the trailer launch of "Kis Kisko Pyaar Karoon".
Also present at the event were comedian-turned-actor Kapil Sharma, actors Varun Sharma, Elli Avram, Manjari Fadnis, Sai Lokur, Simran Mundi along with director duo Abbas-Mustan and producers Ratan Jain and Ganesh Jain.
"It is this film that gave a reason for people to enter film industry. Such films should be released again and again so that the younger generation can see how rich is our Indian cinema," Kapil said.
"We talk about Hollywood, but when we go abroad we come to know that Bollywood is also that much popular. It is a proud thing and this is because of a epic film like 'Sholay'," he said.
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