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
+1.76%	-1.35%	-2.27%	+33.21%	+25.67%	+111.75%

Arman Holdings Limited has disclosed a substantial acquisition transaction involving the sale of equity shares by a promoter group member, as per regulatory filing submitted to BSE on December 19, 2025. The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The transaction involved the sale of 12,855 equity shares by Sapana Kalpesh Gada, a member of the promoter group acting in concert with primary acquirer Arun Damji Gada. The shares were sold through open market on November 13, 2025.

Parameter:	Details
Shares Sold:	12,855 equity shares
Seller:	Sapana Kalpesh Gada
Transaction Mode:	Open Market
Transaction Date:	November 13, 2025
Percentage Sold:	0.25%

Impact on Promoter Group Holding

The sale resulted in a reduction of the overall promoter group holding in Arman Holdings Limited. The transaction decreased Sapana Kalpesh Gada's individual holding from 0.90% to 0.65%, representing a reduction of 0.25%.

Holding Period:	Total Shares	Percentage
Before Transaction:	748,336 shares	14.37%
After Transaction:	735,481 shares	14.12%
Net Change:	-12,855 shares	-0.25%

Promoter Group Composition

The promoter group consists of 14 members acting in concert, including Arun Damji Gada as the primary acquirer. The detailed holding structure shows significant members including:

Member:	Shares Held	Percentage
Kalpesh Damji Gada:	106,400 shares	2.04%
Arun Damji Gada:	105,100 shares	2.01%
Kirit Damji Gada:	97,700 shares	1.88%
Pushpa Geethan Gada:	77,000 shares	1.48%
Sunita Kirit Gada:	67,000 shares	1.29%

Company Share Capital Structure

Arman Holdings Limited's equity share capital remained unchanged following the transaction. The company maintains a total equity share capital of ₹5.21 crores, comprising 52,10,500 equity shares with a face value of ₹10.00 each.

Capital Structure:	Details
Total Equity Capital:	₹5.21 crores
Number of Shares:	52,10,500
Face Value per Share:	₹10.00
Diluted Share Capital:	₹5.21 crores

The disclosure confirms that no other members of the promoter group participated in any transactions during this period, with only Sapana Kalpesh Gada executing the sale of 12,855 shares through open market mechanism.