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 sold 5,000 shares (0.10%) in an open market transaction on 22 May 2026. Sanjay Otawat, identified as a Person Acting in Concert (PAC), held 2,47,500 shares (4.75%) and made no change. After the sale, Varigate's holding dropped from 3.48% to 3.39%. The combined holding of both entities fell marginally from 8.23% to 8.14% of total share capital of 52,10,500 equity shares. Both parties have confirmed they are NOT part of the Promoter/Promoter group of Arman Holdings Ltd.
This is a minor open market disposal by a non-promoter shareholder with no material impact on the company's control structure or stock price expected.