The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sushilaben Shah, Ashish Shah
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Sushilaben Shah and Ashish Virendrabhai Shah, members of the promoter group of Aarvee Denims and Exports Limited, have sold their entire remaining holding of 1,086 equity shares (representing about 0.005% of the company's paid-up share capital) via an off-market transaction on 10 July 2025. After this sale, their combined shareholding in the company stands reduced to zero shares. The total equity share capital of the company remains unchanged at 2,34,59,800 shares of Rs. 10 each (Rs. 23.46 crore). This is a routine SEBI disclosure required under Regulation 29(2) of the Takeover Regulations for any change in shareholding by persons acting in concert.
The transaction is extremely small (0.005% of capital) and unlikely to have any material impact on the stock price or shareholder value. It only reflects the two promoters fully exiting their remaining marginal stake in the company.