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 Rajesh Arora
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Promoter Rajesh Arora has released a pledge on 2,48,816 equity shares of Varvee Global Ltd, representing 1.06% of the company's total share capital. The event of release took place on July 5, 2025, and the disclosure was filed with the stock exchanges (BSE and NSE) on July 10, 2025. The shares encumbered were the entire promoter holding of 2,48,816 shares held by Rajesh Arora. This is a regulatory disclosure under SEBI's Takeover Regulations regarding encumbrance on promoter shares.
Releasing a pledge is generally seen as a positive signal for retail investors, as it reduces the financial burden on the promoter and removes the risk of forced share sale. The pledge was on a small stake (1.06%), so the direct stock price impact is limited.