The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kalpesh Shah
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Kalpesh Shah, a member of the promoter group of Aarvee Denims and Exports Limited, sold 1,739 equity shares (0.007% of total share capital) through an off-market transaction on 9 July 2025. Before the sale, he held 1,739 shares (0.007%); after the sale, his holding has dropped to zero, marking a complete exit by this individual promoter. The company's total share capital remains unchanged at 2,34,59,800 equity shares of Rs. 10 each.
The transaction size is negligible (0.007%) and is unlikely to have any material impact on the stock price or promoter control of the company. This appears to be a routine exit by a small individual promoter shareholder with no bearing on overall promoter group holding.