VARVEE GLOBAL LIMITED — Major Shareholding Notification 2020

Nov 26, 2020

PANKIL KALPESHBHAI SHAH 20, Merchant Society, Paldi, Ahmedabad- 380007

27[th ] October, 2020

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

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/ r~~ elease of encumbrances of Aarvee Denims & Exports Limited.

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

Thanking you,

Yours faithfully,

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Pankil K. Shah

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) Names of the stock exchanges where the shares of the target company are listed Date of reporting Name of the promoter or PAC on whose shares encumbrance has been created/released/invoked

Aarvee Denims and Exports Limited BSE(Company Code:514274) & NSE(Company Code: AARVEEDEN) 27.10.2020

PANKIL K. SHAH

~~Details of the creation of encumbrance:~~

Name of the promoter (s) or PACs with him*	Name of the promoter (s) or PACs with him*	Promoter holding in the target company (1)	Promoter holding in the target company (1)	Promoter holding already encumbered (2)	Promoter holding already encumbered (2)	Details of events pertaining to encumbrance (3)	Details of events pertaining to encumbrance (3)	Details of events pertaining to encumbrance (3)	Details of events pertaining to encumbrance (3)	Details of events pertaining to encumbrance (3)	Details of events pertaining to encumbrance (3)	Details of events pertaining to encumbrance (3)	Post event holding of encumbered shares {creation [(2)+(3)] / release [(2)-(3)] / invocation [(1)-(3)]]	Post event holding of encumbered shares {creation [(2)+(3)] / release [(2)-(3)] / invocation [(1)-(3)]]
		Number	% of total share capital	Number	% of total share capital	Type of event (creation / release / invocation)	Date of creation/ release/ invocation of encumbrance	Type of encumbrance (pledge/ lien/ non disposal undertaking/ others)	Reasons for encumbrance **	Number	% of share capital	Name of the entity in whose favor shares encumbered ***	Number	% of total share capital
	PANKIL K. SHAH	269600	1.15%	88508	0.37%	Release	17.10.2020	Release ofpledge	Due to repayment of Term loan	87500	0.37%ID	BI BANK	1008	0.004

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_______

PANKIL K. SHAH Place: Ahmedabad Date: 27.10.2020