The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nipun V Arora
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Nipun V. Arora, a member of the promoter group of Aarvee Denims and Exports Limited, has sold his entire holding of 54,975 equity shares (0.23% of the company's paid-up share capital) through an off-market transaction on 10 July 2025. After this sale, his holding stands reduced from 54,975 shares to zero. The company's total equity share capital remains unchanged at 2,34,59,800 shares of Rs. 10 each, aggregating Rs. 23.46 crore. The disclosure was filed under SEBI's SAST Regulation 29(2), confirming this was a regulated insider transaction. The off-market mode suggests a private negotiated deal rather than open-market selling pressure.
This is a complete exit by an individual promoter, but the stake being sold is very small (0.23%), so the impact on share price or overall promoter holding of the company is minimal. Retail investors should note this as a routine insider disclosure rather than a material shift in promoter control.