Announced Sat, 16 May · 11:09 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Variagate Advisory Services (P) Ltd & Sanjay Otawat

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+2.6%1-day move

₹106.50

prior close

—

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+2.6+4.2+3.7+4.1-1.4-0.5+3.2+5.2+2.2—

Up moveDown movePending

AI summary

Variagate Advisory Services (P) Ltd sold 10,000 equity shares (0.19%) of Arman Holdings Ltd through an open market transaction on May 15, 2026. Sanjay Otawat, who is a Person Acting in Concert with Variagate, did not sell any shares in this transaction. After the sale, Variagate's holding reduced from 3.89% to 3.69%, while Sanjay Otawat retained his 4.75% stake. The combined holding of both entities decreased from 8.64% to 8.44% of the total voting capital. Both acquirers have confirmed they do not belong to the Promoter/Promoter group of the company.

Likely market impact

This is a minor disposal by non-promoter shareholders representing less than 0.2% of total capital, unlikely to have any significant impact on the stock price or shareholder control structure.