The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 02, 2025 for Rajesh Arora
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Promoter Rajesh Arora has released all pledged shares of Varvee Global Ltd (target company listed as Aarvee Denims and Exports Limited) on July 5, 2025, due to loan repayment to BOB Capital Markets Limited. The release covers two sets of shares — 248,816 shares (1.06% of share capital) and 360,140 shares (1.53% of share capital), bringing total pledged holdings to zero (0.00%) post-event. The revised disclosure was filed with BSE and NSE on August 4, 2025. After the release, Rajesh Arora continues to hold these shares but without any encumbrance.
This is a positive signal — the promoter has fully cleared loan obligations against pledged shares, removing any risk of forced sale or margin call. Shareholders can be reassured that the promoter's holdings are now unencumbered, though the overall stake remains small.