The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rita Arora
VGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Rita Arora, part of the promoter/promoter group of Aarvee Denims and Exports Limited, sold her entire direct voting stake of 3,59,316 equity shares (1.53% of paid-up capital) through an off-market transaction dated 09/04/2025. Before the sale, she held 5,15,420 shares (2.20% of the company); after the sale, her direct holding is nil, with only 1,56,104 encumbered shares (0.67%) remaining. The company has a total equity share capital of 2,34,59,800 shares of Rs. 10 each (Rs. 23.46 crore). The off-market nature suggests this could be an inter-se transfer among promoter group entities rather than a market exit.
This is a relatively small stake sale by a single promoter family member, so the direct impact on the stock price is limited. However, since it was done off-market, retail investors should watch for any related party disclosures or further promoter group restructuring announcements to understand whether this is a routine internal transfer or a broader reduction in promoter interest.