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.
VGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.4 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.