The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashish Virendrabhai Shah
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Ashish Virendrabhai Shah, a member of the promoter group of Aarvee Denims and Exports Limited (BSE: 514274, NSE: AARVEEDEN), has sold his entire remaining holding of 1,944 equity shares on 9th July 2025 through an off-market deal. This represented just 0.009% of the company's total share capital of 2.34 crore equity shares. After this transaction, the promoter holds 0 shares, effectively exiting his direct stake in the company. The disclosure was filed under SEBI's SAST Regulation 29(2) on 11th July 2025.
The stake sold is extremely small (0.009%), so this exit is unlikely to have any meaningful impact on the stock price or shareholder value. It simply formalizes a minor promoter trimming his direct holding to zero.