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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On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.7 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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Varigate Advisory Services (P) Ltd, acting in concert with Sanjay Otawat (both non-promoters), sold 5,500 equity shares (0.11% of total capital) of Arman Holdings Ltd in the open market on 26 December 2025. After the sale, Varigate Advisory's holding stands at 2,37,500 shares (4.56%), while Sanjay Otawat's holding remains unchanged at 2,47,500 shares (4.75%). Their combined holding has come down from 9.41% to 9.31% of the company's paid-up equity capital. The total equity share capital of the company remains Rs. 5.21 crore comprising 52,10,500 shares of Rs. 10 face value.
This is a minor sale by a non-promoter shareholder group and is unlikely to have any meaningful impact on the stock price or shareholder wealth. The combined holding remains just below the 10% SAST disclosure threshold.