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

Ownership Changes View source PDF Explain this filing

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+1.5%Reaction day

₹101.55

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Nifty Microcap 250market · in no size index; the smallest one is used+2.6%-1.1% vs market

Investment Company peers, median of 60sector+1.6%-0.1% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.1 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Varigate Advisory Services P Ltd, along with Person Acting in Concert (PAC) Sanjay Otawat — neither of whom belong to the promoter/promoter group — disclosed a sale of 5,497 equity shares (0.11%) of Arman Holdings Ltd in the open market on February 6, 2026. After the sale, Varigate's holding dropped from 4.15% to 4.04%, while Sanjay Otawat's holding stayed unchanged at 4.75%. Their combined holding came down marginally from 8.90% to 8.79%. The total equity share capital of the company remains Rs. 5.21 crore, comprising 52,10,500 shares of face value Rs. 10 each.

Likely market impact

Since the seller is not a promoter and the quantity sold is very small (just 0.11%), this is a routine, non-promoter open-market exit with negligible impact on shareholder structure or stock price.