Arman Holdings Sees Fourth Share Disposal by Varigate Advisory Services

Arman Holdings Limited has witnessed its fourth shareholding change as Varigate Advisory Services (P) Ltd disposed of 3,000 equity shares through an open market transaction on December 19, 2025. This marks the largest single disposal transaction in the recent series, following previous disposals of 400 shares on December 9, 200 shares on December 15, and 1,400 shares on December 16, 2025. The latest disposal was disclosed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.

Latest Transaction Details

The December 19 transaction represents the most significant disposal in the recent series of transactions by Varigate Advisory Services (P) Ltd, which acts in concert with Sanjay Otawat. The disposal continues the pattern of gradual shareholding reduction through open market transactions over an 11-day period.

Parameter:	Dec 19 Transaction	Dec 16 Transaction	Dec 15 Transaction	Dec 9 Transaction
Shares Disposed:	3,000 equity shares	1,400 equity shares	200 equity shares	400 equity shares
Transaction Mode:	Open Market	Open Market	Open Market	Open Market
Transaction Date:	December 19, 2025	December 16, 2025	December 15, 2025	December 9, 2025

Updated Shareholding Pattern

Following the December 19 transaction, the combined shareholding of the persons acting in concert has decreased to 9.41%. Varigate Advisory Services now holds 243,000 shares representing 4.66% of the total equity, while Sanjay Otawat maintains his unchanged position of 247,500 shares representing 4.75%.

Shareholder:	Before Dec 19	After Dec 19	Total Change
Varigate Advisory Services:	246,000 shares (4.72%)	243,000 shares (4.66%)	-5,000 shares
Sanjay Otawat:	247,500 shares (4.75%)	247,500 shares (4.75%)	No change
Combined Holding:	493,500 shares (9.47%)	490,500 shares (9.41%)	-5,000 shares

Company Share Capital Structure

Arman Holdings Limited maintains a stable equity share capital structure throughout all transaction periods. The company's total equity share capital remains unchanged at ₹5.21 crores, comprising 52,10,500 equity shares with a face value of ₹10.00 each.

Regulatory Compliance

All four disclosures were made in compliance with SEBI regulations governing substantial acquisitions and takeovers. Varigate Advisory Services and Sanjay Otawat do not belong to the promoter or promoter group category. The company's shares are listed on BSE Limited under scrip code 538556. The latest disclosure was filed on December 19, 2025, from Mumbai.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+3.42%	+21.53%	+49.36%	+55.88%	+103.85%

Arman Holdings Limited , a company operating in the Textile, Plastic, and Precious Metal & Stones segments, has reported its financial results for the second quarter ended September 30, 2025. The company has shown improvement in its revenue while narrowing its losses compared to the previous quarter.

Financial Performance

Arman Holdings reported revenue from operations of Rs 35.20 lakhs for Q2 FY2026, up from Rs 32.58 lakhs in the previous quarter. This represents a quarter-on-quarter growth of approximately 8.04%. The company's net loss for the quarter stood at Rs 0.52 lakhs, an improvement from the loss of Rs 0.73 lakhs in the preceding quarter.

For the half-year period ended September 30, 2025, the company's revenue reached Rs 67.78 lakhs. The cumulative net loss for this period was Rs 0.24 lakhs.

Segment-wise Performance

The company operates in three segments: Textile Products, Plastic Products, and Precious Metal & Stones. For the quarter under review, the Precious Metal & Stones segment emerged as the primary revenue generator, contributing the entire revenue of Rs 35.20 lakhs.

Financial Position

As of September 30, 2025, Arman Holdings reported total assets of Rs 632.34 lakhs, slightly higher than Rs 630.30 lakhs as of March 31, 2025. The company's equity share capital remained unchanged at Rs 521.05 lakhs.

Board Changes and Committee Reconstitution

The Board of Directors has approved significant changes in its composition:

Mr. Anilkumar Mohanraj Marlecha has been appointed as an Independent Director.
Mr. Pradeepkumar Jain has been removed as Independent Director due to the completion of his term.
Mr. Neel Sanjaykumar Singapuri has been appointed as a Non-Executive Independent Director.

Following these changes, the company has reconstituted its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Committee.

New Independent Director Profile

Mr. Neel Sanjaykumar Singapuri, the newly appointed Non-Executive Independent Director, brings experience in Human Resources leadership and Management Consulting. His expertise lies in Social Legal, Health & Safety, and Environmental Compliance Frameworks since 2017. Mr. Singapuri is known for his strategic approach to problem-solving and integrating HR best practices with social and environmental responsibility initiatives.

The appointment of Mr. Singapuri is subject to the approval of the company's members. He has passed the online Proficiency Self-Assessment Test for Independent Director's Databank.