Pankil K. 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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Awaiting price reaction for this filing.
Pankil K. Shah, a promoter of Aarvee Denims & Exports Limited (now Varvee Global Limited), has filed a disclosure under SEBI Takeover Regulations regarding the release of a pledge on his shares. The release pertains to 1,008 shares (approximately 0.004% of total share capital) that were pledged in favour of BOB Capital Markets Limited. The encumbrance was released on 5th July 2025 and the disclosure was submitted to BSE and NSE on 10th July 2025. The promoter already held only this small number of shares encumbered, so the post-release position remains at 1,008 shares.
This is a routine, very small-scale disclosure — just 1,008 shares representing 0.004% of share capital. It is unlikely to have any meaningful impact on the stock price or shareholder sentiment, as the released quantity is negligible.