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 Twenty First ....
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Awaiting price reaction for this filing.
Promoter Twenty First Century Marketing Ltd. has released its pledge on 11,54,250 shares of Aarvee Denims and Exports, equal to 4.92% of the company's total share capital. The pledge was originally held in favour of BOB Capital Markets Limited and was released on 5 July 2025 due to repayment of the loan. Post-release, the promoter holds zero encumbered shares (down from 4.92% earlier). The revised disclosure was filed with BSE and NSE on 4 August 2025 under SEBI's takeover regulations.
Positive for the stock — the complete removal of pledged promoter shares eliminates any risk of forced selling and signals improved financial health, since the pledge was released specifically because the promoter repaid the underlying loan.