Aarvee Denims and Exports Limited (ADEL), a prominent name in the textile industry, has disclosed the disposal of 5,97,371 equity shares by Mrs. Rita Arora, one of the Promoters of the Company. The disclosure has been made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Details of the Disclosure

On March 18, 2025, Mr. Vinod Parmanand Arora, Managing Director of Aarvee Denims and Exports Limited, notified the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) regarding the disposal of shares by Mrs. Rita Arora, which took place on March 17, 2025.

The disclosure is in compliance with Regulation 29(2) of the SEBI (SAST) Regulations, 2011, which mandates reporting by promoters when there is a change in their shareholding, either through acquisition or disposal, that crosses a specified threshold.

Summary of Share Disposal

• Promoter Name: Mrs. Rita Arora
• No. of Shares Disposed: 5,97,371 Equity Shares
• Date of Disposal: March 17, 2025
• Stock Exchange Notified: BSE and NSE
• Scrip Code (BSE): 514274
• Scrip Code (NSE): AARVEEDEN

The disposal by Mrs. Rita Arora represents a significant change in the shareholding pattern of the Company, and as per regulatory norms, this change has been duly notified to the stock exchanges.

Compliance with SEBI Regulations

As per Regulation 29(2) of the SEBI (SAST) Regulations, 2011, any promoter, acquirer, or person acting in concert is required to disclose any change in their shareholding or voting rights if the change exceeds 2% of the total shareholding or voting rights of the company. In line with this requirement, Aarvee Denims and Exports Limited has promptly made the necessary disclosures to ensure compliance with SEBI guidelines.

The formal communication was signed digitally by Mr. Vinod Parmanand Arora, Managing Director of Aarvee Denims and Exports Limited, on March 18, 2025, at 14:17 IST. The disclosure was submitted along with the required enclosures for regulatory compliance.

Implications of Share Disposal

The disposal of shares by Mrs. Rita Arora may indicate a reallocation of promoter holdings, and the change will likely be reflected in the upcoming shareholding pattern submitted to the exchanges. While such disposals may not necessarily impact the Company’s operations, they can influence market sentiment and investor perception.

Next Steps and Further Disclosures

The Scrutinizer's Report on the voting results and any additional updates regarding the shareholding pattern will be submitted to the exchanges as required under the applicable regulations. Any further developments concerning the change in shareholding of Aarvee Denims and Exports Limited will be disclosed to the shareholders and exchanges promptly.

About Aarvee Denims and Exports Limited

Aarvee Denims and Exports Limited (ADEL) is a leading textile company specializing in the manufacturing of high-quality denim fabrics and garments. The Company has established itself as a prominent player in the textile industry, catering to both domestic and international markets. With a focus on innovation, sustainability, and excellence in manufacturing, ADEL continues to strengthen its position in the highly competitive textile industry.

The recent disposal of shares by one of the promoters demonstrates the Company’s commitment to maintaining regulatory compliance and transparency in all corporate matters, ensuring that shareholders and stakeholders are kept informed of significant developments.

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