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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Awaiting price reaction for this filing.
Arman Holdings filed a SEBI SAST Regulation 29(2) disclosure reporting a small open-market sale of shares by Varigate Advisory Services (P) Ltd and Sanjay Otawat, who are Persons Acting in Concert (PAC) but NOT part of the promoter group. Sanjay Otawat sold 1,500 shares (0.03% of capital), while Varigate Advisory sold nothing. Combined PAC holding fell marginally from 9.62% (501,000 shares) to 9.59% (499,500 shares). The sale was executed on 25 November 2025 via the open market on BSE. The total equity capital of the company remains Rs. 5.21 crore (52,10,500 shares of Rs. 10 each).
The disposal is negligible in size (only 1,500 shares, ~0.03%) and is by non-promoter PAC holders, so it is unlikely to materially affect the stock price or shareholder concerns. It does not trigger any takeover-related threshold or promoter-related concerns.