The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chirayu Agrawal
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Chirayu Agrawal, a promoter of Annvrridhhi Ventures Ltd, has disclosed the sale of 14,09,611 Rights Entitlements (4.35% of the company's total share/voting capital) through an open market transaction on 21-05-2025. Before the transaction, the promoter held 41,56,798 equity shares (25.66%) along with 22,59,709 Rights Entitlements (6.97%). After selling the entitlements, the promoter retains 41,56,798 shares (25.66%) and 8,50,098 Rights Entitlements (2.62%). No ordinary equity shares were sold, and no encumbrance (pledge) activity was reported. The disclosure was filed on 22-05-2025 with BSE, where the company is listed under scrip code 538539.
This is a promoter-led offloading of rights entitlements (not core equity shares), suggesting the promoter chose not to subscribe fully to their rights entitlement. Existing shareholders should note this could be a mild negative signal on promoter confidence, though the promoter's direct equity stake remains unchanged at 25.66%. The sale of rights entitlements will make them available to other investors in the open market.