The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajesh Arora
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On the reaction day the stock moved 3.6 pts less than Nifty Microcap 250 and 2.0 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Rajesh Arora, part of the promoter group of Aarvee Denims and Exports Limited, sold 36,203 equity shares (0.15% of total share capital) via an off-market sale on April 9, 2025. This was his entire direct shareholding, reducing his voting shares to zero while he retains 248,816 encumbered (pledged/lien) shares representing 1.06% of the company. Total promoter-group holding (Rajesh Arora) dropped from 1.22% to 1.06% post-sale. The company has an equity share capital of Rs. 23.46 crore (2.34 crore shares of Rs. 10 each). Note: The source metadata lists the company as 'Varvee Global Ltd', but the actual filing is for Aarvee Denims and Exports Limited (BSE: 514274, NSE: AARVEEDEN).
This is a small promoter off-market sale (0.15% of capital) and is unlikely to materially affect the stock price. However, it signals that the promoter has fully exited his direct equity holding in the company, retaining only pledged/encumbered shares — worth noting for retail investors tracking promoter confidence.