Parul 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.
Parul Shah, a promoter of Aarvee Denims & Exports Limited (listed as Varvve Global Limited), has disclosed the release of a pledge on 1,591 shares of the company. The pledge was held in favor of BOB Capital Markets Limited and was released on 5th July 2025. This represents 0.0067% of the company's total share capital — an extremely small fraction. After this release, the promoter holds zero encumbered (pledged) shares. The disclosure was filed under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.
This is a very minor, positive housekeeping signal — the promoter has freed up a negligible number of previously pledged shares, reducing overall encumbrance. It has no meaningful impact on shareholding structure, promoter control, or stock price.