Kalpesh Shah has Submitted to the Exchange a copy of Disclosure under Regulation 31(1) and 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Promoter Kalpesh Shah has submitted a disclosure to BSE and NSE regarding the release of a pledge on 1,739 shares of Aarvee Denims & Exports Limited. The event date is 5th July 2025, and the pledge was held with BOBCapital Markets Limited. The released shares represent just 0.007% of the company's total share capital. Post-release, the promoter's encumbered (pledged) shareholding stands at 0 shares. This is a routine regulatory filing under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.
This is a very minor event — the release involves only 1,739 shares (0.007% of capital) and is unlikely to have any meaningful impact on the stock price or shareholder sentiment. It simply indicates that a tiny pledged position has been freed.