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

Pledge ReleasedOwnership Changes View source PDF Explain this filing

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₹78.50

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+1.5% vs market

Other Textile Products peers, median of 175sector-0.3%+1.3% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.3 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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+1.0-0.6+1.5-0.3+1.3

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+6.0-0.7+6.8-0.4+6.4

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 175Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.