The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pankil K Shah
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Pankil K. Shah, identified as belonging to the promoter/promoter group of Aarvee Denims and Exports Limited, has sold his entire holding of 1,739 equity shares (per the covering letter; the detailed table shows 1,008 shares) through an off-market transaction on 09 July 2025. Before the sale, he held just 1,008 shares representing 0.043% of the company's total share capital (2,34,59,800 equity shares of Rs. 10 each). After the sale, his personal holding stands at zero. The disclosure has been filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011, and there are no encumbrances or voting rights changes involved.
The transaction is extremely small (well under 0.05% of capital) and is an off-market sale, so there is likely no material impact on the stock price or on the overall promoter group's stake in Aarvee Denims. Retail investors need not be concerned — this is a minor housekeeping exit by a single promoter with a negligible holding.