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, sold 12,45,285 Rights Entitlements through an open market transaction on 7 May 2025. This reduced his total holding from 25.66% to 23.10% of the company's share capital. Importantly, his direct voting shareholding remained unchanged at 41,56,798 shares (25.66%) — only the entitlements to subscribe to additional shares were sold. No encumbrance (pledge) activity was reported. The disclosure was filed under SEBI's Takeover Regulations to report the disposal.
No change in the promoter's actual voting stake, so there is no negative signal about promoter confidence in the company. The sale of rights entitlements is typically done to monetise the right to buy more shares rather than indicating a wish to exit. Shareholders are unlikely to see meaningful stock price impact from this disclosure.