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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Mr. Chirayu Agrawal, promoter of Annvrridhhi Ventures Ltd, has disclosed the on-market sale of 6,59,199 Rights Entitlements (representing 2.03% of the company's total share capital) on 9th May 2025 under SEBI SAST Regulations. His actual voting shareholding remains unchanged at 41,56,798 shares (25.66%), but his Rights Entitlements dropped from 38,59,244 (11.91%) to 32,00,045 (9.88%), reducing his total economic interest from 16.49% to 15.14% of the diluted capital. The company's total equity capital stands at ₹16.20 crore, divided into 1,62,00,000 equity shares of ₹10 each. Selling rights entitlements indicates the promoter chose not to subscribe to (or renounced) part of the company's rights issue.
The promoter's underlying equity stake (25.66%) is unchanged, so voting control is unaffected. However, renouncing rights entitlements signals that the promoter is not willing to put additional capital into the company at the rights issue price, which retail investors may interpret as a mildly cautious signal about near-term value.