Aarvee Denims & Exports Limited has informed the Exchange about General Updates
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Aarvee Denims and Exports Limited has disclosed further details of its proposed preferential issue of 37,13,044 equity shares to public category allottees on a private placement basis. The company revised certain explanatory statement points and confirmed Somani Ventures and Innovations Private Limited (with Mr. Prabhat Somani as ultimate beneficial owner) as one of the proposed allottees, who will receive 1,11,392 shares (0.41% post-issue holding) despite having no pre-issue holding. The issue price has been fixed at ₹134.66 per share, including a premium of ₹124.66, based on the higher of the 10-day VWAP (₹134.66) and 90-day VWAP (₹96.81) on NSE, and an independent valuation report fair value of ₹112.58.
The allotment will lead to dilution for existing shareholders and introduce a new public-category shareholder. Since the price is set at a significant premium to face value and follows SEBI-prescribed pricing rules, existing shareholders may view this as neutral-to-positive in terms of compliance, though their proportional ownership will reduce slightly.