Varigate Advisory, Sanjay Otawat sell 0.15% stake in Arman Holdings
- Varigate Advisory Services sold 8,000 equity shares in Arman Holdings
- Sanjay Otawat did not transact any shares during the period
- Combined stake of the sellers fell from 5.49% to 5.34%
- Transaction was executed in the open market on September 9, 2026
- Disclosure made under Regulation 29(2) of SEBI SAST Regulations

*this image is generated using AI for illustrative purposes only.
Varigate Advisory Services (P) Ltd and Sanjay Otawat disposed of a combined 0.15% stake in Arman Holdings through an open market transaction on September 9, 2026.
The sellers, who are not part of the promoter group, reduced their aggregate holding in the company. The disposal was disclosed to the BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisitions of Shares and Takeovers) Regulations, 2011.
Transaction Details
Varigate Advisory Services sold 8,000 equity shares, while Sanjay Otawat did not transact any shares during this period. The transaction took place in the open market.
| Entity | Shares Sold | Stake Change |
|---|---|---|
| Varigate Advisory Services (P) Ltd | 8,000 | 0.15% |
| Sanjay Otawat | 0 | 0.00% |
Post-Transaction Holdings
Following the sale, the combined holding of the sellers decreased from 5.49% to 5.34% of the total diluted share capital. Varigate Advisory Services now holds 60,600 shares (1.16%), while Sanjay Otawat retains 217,500 shares (4.17%).
Arman Holdings has an equity share capital of ₹5,21,05,000, comprising 52,10,500 equity shares with a face value of ₹10 each. This capital structure remained unchanged after the transaction.
Historical Stock Returns for Arman Holdings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +7.97% | +14.76% | 0.0% | 0.0% | 0.0% |
What strategic reasons might drive Varigate Advisory Services to reduce its stake in Arman Holdings despite retaining a significant 1.16% holding?
How could this open market disposal impact Arman Holdings' stock liquidity and short-term price volatility?
Does the continued retention of a 4.17% stake by Sanjay Otawat signal long-term confidence in the company's fundamentals?

































