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 & PAC
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Varigate Advisory Services (P) Ltd along with Person Acting in Concert (PAC) Sanjay Otawat have disclosed a small sale of equity shares in Arman Holdings Ltd under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations. Varigate Advisory sold 1,400 shares (0.03%) via the open market on December 16, 2025, reducing its holding from 4.75% (2,47,400 shares) to 4.72% (2,46,000 shares). PAC Sanjay Otawat's holding remained unchanged at 4.75% (2,47,500 shares). Combined PAC holding fell marginally from 9.50% to 9.47% of the company's equity capital of Rs. 5.21 crore (52,10,500 shares of Rs. 10 each). The sellers have explicitly confirmed they do not belong to the promoter/promoter group of Arman Holdings.
This is a negligible non-promoter disposal (just 0.03% of equity) with no material impact on shareholding structure or stock price. The PAC continues to hold close to 9.5%, well below the 10% disclosure threshold, so no further regulatory triggers are expected from this transaction.