Explanation:

- Shri Sagar Kailas Ovhalkar was in the news for being honored with the prestigious Arjuna Award 2022. This award is presented to recognize excellence in sports in India.

- Option 1: Kabaddi - Kabaddi is a popular team sport native to the Indian subcontinent but is not the sport for which Sagar was awarded.

- Option 2: Chess - Chess is a board game of high strategy and intelligence, but it is not the sport associated with Ovhalkar’s recognition.

- Option 3: Judo - Judo is a modern martial art and Olympic sport originating from Japan, but it is not related to his award.

- Option 4: Mallakhamb - Mallakhamb is a traditional Indian sport involving gymnastic poses and wrestling grips on a vertical stationary or hanging wooden pole. Sagar Kailas Ovhalkar was recognized for his outstanding contribution to this sport.

- Correct Answer: Option 4: Mallakhamb

Shri Sagar Kailas Ovhalkar received the Arjuna Award for his excellence in the sport of Mallakhamb.