The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rita Arora
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Rita Arora, a member of the promoter/promoter group of Aarvee Denims and Exports Limited, has sold her entire holding of 1,56,104 equity shares (0.67% of paid-up capital) through an off-market transaction on July 9, 2025. Before the sale she held 1,56,104 shares (0.67%); after the sale her holding stands at zero. The company's total equity share capital remains unchanged at Rs. 23.46 crore (2,34,59,800 shares of Rs. 10 each). The disclosure was filed under SEBI SAST Regulation 29(2), which applies when a promoter group's shareholding crosses or falls below certain thresholds.
This is a complete exit by a promoter-group individual, though the size is small (under 1%). Off-market sale suggests an inter-se transfer or private deal rather than market dumping, so day-to-day share price impact should be limited. Investors should watch for further disclosures from other promoter-group members, as a pattern of exits could be a negative signal for promoter confidence.