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 & Sanjay Otawat
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Varigate Advisory Services (P) Ltd, along with person acting in concert (PAC) Sanjay Otawat, has disclosed a sale of equity shares in Arman Holdings Ltd under SEBI's takeover regulations. The sellers are explicitly identified as NOT belonging to the promoter or promoter group. Before the transaction, together they held 4,96,500 shares (9.53% of voting capital). On December 5, 2025, Varigate Advisory sold 1,000 shares (0.02%) via the open market. After the sale, their combined holding dropped marginally to 4,95,500 shares (9.51%). The share capital of the company remained unchanged at Rs. 5.21 crore comprising 52,10,500 equity shares of Rs. 10 each.
This is a very small, non-promoter open-market sale of just 0.02% stake and is unlikely to have any meaningful impact on the stock price or shareholder structure. Retail investors need not be concerned as promoter holdings are unaffected.