Shikha P. Arora 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.
Shikha Arora, a promoter of Aarvee Denims and Exports Limited, has filed a disclosure under SEBI Takeover Regulations regarding the release of a pledge on 1,896 shares, which represents just 0.008% of the company's total share capital. The pledge was held in favor of Bob Capital Markets Limited, and the release took effect on July 5, 2025. Post-release, Shikha Arora continues to hold 1,896 shares (0.008%) in the company, with no encumbered shares remaining in her name. The disclosure was submitted to both BSE and NSE on July 10, 2025.
This is an extremely minor event with no material impact on shareholders or the stock price, as the release involves a negligible fraction (0.008%) of the company's share capital. It simply clears the last encumbered shares held by this individual promoter.