The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 17, 2025 for Parmanand Arora
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Promoter Rajesh Arora of Varvee Global Ltd (formerly M/s. Aarvee Denims and Exports Limited) has released 360,140 pledged shares, representing 1.53% of the company's total share capital, on 05/07/2025. The disclosure was filed by Parmanand Arora under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011, with both BSE and NSE on 10/07/2025. The type of encumbrance was a pledge, and the entire pledged holding of this promoter (1.53%) has now been released.
Pledge release is a positive signal for shareholders as it removes the encumbrance on promoter shares, reduces the risk of forced selling, and indicates the promoter has regained full unencumbered ownership of these shares.