The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pankaj V Arora
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Pankaj V. Arora, a member of the promoter group of Aarvee Denims and Exports Limited, sold his entire holding of 44,925 equity shares (0.19% of total share capital) on 10 July 2025 through an off-market transaction. After this sale, his shareholding in the company has dropped to nil, marking a complete exit. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations and submitted to both BSE and NSE on 12 July 2025. The company's total equity share capital remains unchanged at 2,34,59,800 shares of Rs. 10 each, so the exit has no impact on the company's capital structure.
Although the stake sold is small (0.19%), a complete exit by a promoter can be viewed as a mildly negative signal by retail investors. Shareholders should watch whether other promoters follow suit, which would be a more meaningful concern.