VARVEE GLOBAL LIMITED — Major Shareholding Notification 2020

Oct 28, 2020

NIPUN V. ARORA 239/2, Omkar, 12/1/C, Opp. Amimangal Baunglow-3, Hebatpura Shilaj Road, Thaltej, Ahmedabad-380054

27th October, 2020

To,	To,
The Manager (Listing)	The Manager (Listing)
The Bombay Stock Exchange Ltd.	The National Stock Exchange of India Ltd
Phiroze Jeejeebhoy Towers,	"Exchange Plaza"
Dalal Street,	Bandra-Kurla Complex
Mumbai - 400 001	Mumbai - 400 051

Company Code: 514274 (BSE)

Company Code: AARVEEDEN (NSE)

Dear Sir/Madam,

REG: - DISCLOSURE IN TERMS OF REG. 31(1) & (2) OF SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATION, 2011.

Ref: Target Company: Aarvee Denims & Exports Limited (Script Code: 514274(BSE) SYMBOL: AARVEEDEN $(NSE)$

Pursuant to Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of shares and takeovers) Regulation, 2011, please find enclosed herewith disclosure by the promoters/ promoter group for encumbrances of shares/ invocation of encumbrance/release of encumbrances of Aarvee Denims & Exports Limited.

This is for your information please. Kindly take the same on record.

Thanking you,

Yours faithfully,

Nipun V. Arora

$C.C$ to The Board of Directors, AARVEE DENIMS AND EXPORTS LIMITED 191, Shahwadi, Narol- Sarkhej Highway, Nr.Old Octroi Naka, Narol, Ahmadabad.

ANNEXURE - 1

FORMAT FOR DISCLOSURE BY THE PROMOTER(S) TO THE STOCK EXCHANGES AND TO THE TARGET COMPANY FOR ENCUMBRANCE OF SHARES / INVOCATION OF ENCUMBRANCE/RELEASE OF ENCUMBRANCE, IN TERMS OF REGULATION 31(1) AND 31(2) OF SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011

Name of the Target Company (TC)								AARVEE DENIMS AND EXPORTS LIMITED
						Names of the stock exchanges where the shares of the target company are listed BSE (Company Code: 514274) & NSE (Company Code: AARVEEDEN
Date of reporting								27-10-2020
created/released/invoked					Name of the promoter or PAC on whose shares encumbrance has been					NIPUN V. ARORA
Name ofthepromoter$(s)$ orPACswithhim*	(1)	Details of the creation of encumbrance:PromoterPromoterholding in theholding alreadyencumbered (2)target company			Details of events pertaining to encumbrance (3)						Post eventholding ofencumberedshares {creation$[(2)+(3)]/$release $[(2)-(3)]$/ invocation$[(1)-(3)]]$
	Number	$%$ oftotalsharecapital	Number	$%$ oftotalsharecapital	Type ofevent(creation /release /invocation)	Date ofcreation/release/invocation ofencumbrance	Type ofencumbrance(pledge/lien/non disposalundertaking/others)	Reasons forencumbrance**	Number	$%$ ofsharecapital	Name ofthe entity inwhose.favor sharesencumbered***	Number	$%$ oftotalsharecapital
Nipun$\mathbf{V}$Arora	142475		0.61% 142475	0.61%	Release	17.10.2020	Release ofpledge		87500	0.37%	IDBI BANK	54975	0.23%

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NIPUN V. ARORA Place: Ahmedabad Date: 27.10.2020