The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Varigate Advisory Services (P) Ltd
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Varigate Advisory Services (P) Ltd, a non-promoter shareholder of Arman Holdings, sold 3,000 shares (0.06% of equity) via the open market on December 19, 2025. As a result, Varigate's stake fell from 4.72% (246,000 shares) to 4.66% (243,000 shares). The person acting in concert (PAC), Sanjay Otawat, did not sell any shares and his holding remained steady at 4.75% (247,500 shares). The combined holding of the acquirer and PAC declined marginally from 9.47% to 9.41% of the company's equity. The disclosure is a routine regulatory filing under SEBI's takeover regulations, which require any shareholder holding 5% or more to report changes in their stake.
This is a tiny, routine sale by a non-promoter entity with no material impact on the stock. Shareholders need not be concerned as the change is negligible and there is no indication of a broader divestment trend.