VGLBSEVarvee Global LtdMediumNeutral
Announced Mon, 14 Jul · 10:34 IST

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 12, 2025 for Sushilaben Shah

Pledge ReleasedOwnership Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Promoter Sushilaben Shah has released a pledge on 1,086 shares of Aarvee Denims & Exports Limited, representing just 0.0046% of the company's total share capital. The pledge was held in favor of BOB Capital Markets Limited and was released on July 5, 2025, with the disclosure filed on July 10, 2025. After this release, the promoter holds zero encumbered shares. The promoter continues to hold her existing stake in the company, which remains unchanged.

Likely market impact

The pledge release is very minor (less than 0.01% of share capital) and is unlikely to have any meaningful impact on the stock price. It simply means the promoter has freed up a tiny portion of her shares from being pledged as collateral.