Aarvee Denims & Exports Limited has informed the Exchange regarding 'Disclosure under Regulation 29(2) of SEBI (Substantial Acquisitionof Shares and Takeovers) Regulations, 2011 for all the promoters whose shares has been transferred as on 09.07.2025 and 10.07.2025'.
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Aarvee Denims and Exports Limited has filed disclosures under SEBI Regulation 29(2) for off-market share sales by 29 promoter and promoter group members on July 9 and July 10, 2025. In aggregate, roughly 78.7 lakh equity shares were sold, which is about 33.5% of the company's total paid-up capital of 2.34 crore shares. The largest sellers were promoter group entities — V.B. Investment (23.2 lakh shares), Kashvi Investments (13.9 lakh shares), and Twenty First Century Marketing (11.5 lakh shares) — followed by individuals such as Parmanand Arora (3.6 lakh), Rajesh Arora (2.5 lakh), Rita Arora (1.6 lakh), Nipun Arora, and Pankaj Arora. For many sellers, including the directors, the post-sale holding is shown as zero, indicating a near-complete promoter group exit from the company.
This is an unusually large off-market promoter sell-off covering roughly a third of the company, which often signals a change in ownership or control. Shareholders should look for follow-up disclosures identifying the buyer, as the stock may see significant volatility and the promoter group is likely to fall well below the 50% majority threshold.