The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 06, 2025 for Nipun Arora
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Awaiting price reaction for this filing.
Promoter Nipun Arora of Aarvee Denims & Exports Ltd (now Varvee Global Ltd) has fully released a pledge of 54,975 shares, which represented 0.23% of the company's total share capital. The pledge was held in favor of BOB Capital Markets Limited and has been released following repayment of a loan. After this release, the promoter holds zero encumbered shares, meaning no part of his holding is currently pledged. The event took place on 5 July 2025 and was reported to the exchanges on 4 August 2025.
This is a positive signal for shareholders — the promoter has reduced debt backed by shares by clearing the pledge through loan repayment, removing any near-term risk of forced share sale. The 0.23% size is small, so the direct stock price impact is limited, but it reflects improved financial standing of the promoter.