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 Kalpesh Shah
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Promoter Kalpesh Shah has released 1,739 pledged shares of Aarvee Denims & Exports Limited on July 5, 2025. The shares were previously pledged with BOBCapital Markets Limited as security. After this release, the promoter's encumbered (pledged) holding stands at zero shares, down from 0.007% of total share capital. The disclosure was filed with BSE and NSE on July 10, 2025 under SEBI's Substantial Acquisition of Shares & Takeovers Regulations.
The pledge release involves a very small number of shares (1,739 shares, roughly 0.007% of capital), so it has no meaningful impact on the stock price or shareholder wealth. It simply indicates a minor reduction in encumbered promoter holdings.