Bullish Moving Averages
16
Bearish Moving Averages
0
Back Stocks profile
Stock analysis tool for investors
Performance
Today’s low
45.80Today’s High
48.1052W low
21.6052W High
51.50Open Price
45.80Prev. Close
45.7900Volume
60441.00Value
2905398.87Fundamentals
Market Cap
112.80
Price to Earnings
-32.80
Price to Book Value
6.60
Dividend Yield
0.00
PE to Growth
-0.30
Op Revenue TTM
87.89
Net Profit TTM
-3.44
Cash From Operating Activity
109.93
Return on Equity %
-259.42
EMA & SMA
DELIVERY AND VOLUME
DAILY AVG. DELIVERY VOLUME %
29 Oct, 2024
100
Week
100
Month
100
LEGEND
Positive Indicator
Neutral Indicator
Negative Indicator
RESISTANCE AND SUPPORT
44.56
PIVOT
First Resistance
47.02
Second Resistance
48.24
Third Resistance
50.70
First Support
43.34
Second Support
40.88
Third Support
39.66
Relative Strength Index
46.79
Money Flow Index
28.83
MACD
-0.51
MACD Signal
0.05
Average True Range
2.01
Average Directional Index
19.01
Rate of Change (21)
-1.53
Rate of Change (125)
66.81
Day Commodity Channel Index
-133
William
-50.92
BETA
1 Month
0.45
3 Month
0.46
1 Year
0.5
3 Year
0.33
PRICE CHANGE ANALYSIS
↑ 3.29%
1 Week
Low
High
41.25
48.07
↑ 3.38%
1 Month
Low
High
41.25
50.5
↑ 36.02%
3 Months
Low
High
35.36
51.49
↑ 75.44%
6 Months
Low
High
21.65
51.49
↑ 104.55%
1 Year
Low
High
21.65
51.49
| Indicator | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 | Sep 2021 | Jun 2021 | Graph |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Qtr Revenue cr | 58.63 | 24.68 | 28.91 | 27.21 | 10.54 | 49.99 | 47.73 | 55.49 | 110.37 | 111.82 | 119.32 | 122.77 | 83.94 | |
| Operating Expenses Qtr | 24.46 | 29.35 | 34.71 | 30.98 | 20.90 | 54.72 | 61.00 | 66.26 | 107.09 | 112.72 | 118.84 | 122.58 | 77.65 | |
| Operating Profit Qtr | -10.93 | -5.35 | -9.17 | -6.17 | -10.52 | -4.80 | -13.49 | -11.61 | -0.02 | -0.77 | -4.70 | -7.85 | 1.54 | |
| EBIDT Qtr Cr | 34.17 | -4.67 | -5.80 | -3.77 | -10.36 | -4.73 | -13.27 | -10.77 | 7.54 | 13.65 | -0.99 | 0.19 | 6.29 | |
| Depreciation Qtr | 1.11 | 1.12 | 1.63 | 2.75 | 6.20 | 5.43 | 6.61 | 6.61 | 6.63 | 5.84 | 6.41 | 6.64 | 7.41 | |
| Net Profit Qtr | 22.58 | -6.46 | -6.60 | -12.97 | -18.59 | -15.44 | -22.21 | -17.37 | -10.03 | -12.18 | -14.03 | -12.36 | -2.86 | |
| Basic EPS Qtr | 9.63 | -2.75 | -2.81 | -5.53 | -7.92 | -6.58 | -9.47 | -7.40 | -4.28 | -5.19 | -5.98 | -5.27 | -1.22 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Total Revenue Annual | 91.33 | 263.58 | 424.66 | 287.32 | 566.41 | |
| Operating Expenses Annual Cr | 115.94 | 289.07 | 431.40 | 287.31 | 530.60 | |
| Operating Profit Annual | -31.21 | -28.17 | -10.33 | -5.76 | 34.08 | |
| Operating Profit Margin Annual % | -34.17 | -10.69 | -2.43 | -2.00 | 6.02 | |
| Total Expenses Annual Cr | 164.30 | 360.25 | 499.97 | 370.40 | 621.93 | |
| EBIDT Annual Cr | -24.60 | -25.49 | -6.74 | 0.01 | 35.81 | |
| EBIDT Annual margin % | -26.94 | -9.67 | -1.59 | 0.00 | 6.32 | |
| Depreciation | 11.71 | 25.28 | 25.49 | 32.15 | 38.35 | |
| PAT Before ExtraOrdinary Items Annual Cr | -44.62 | -69.31 | -62.52 | -64.19 | -41.93 | |
| Net Profit Annual | -44.62 | -65.05 | -41.42 | -64.19 | -41.93 | |
| Basic EPS Annual | -19.02 | -27.73 | -17.66 | -27.36 | -17.88 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Total ShareHolders Funds Annual | 17.20 | 61.40 | 126.34 | 167.63 | 230.99 | |
| Minority Interest Liability Annual Cr | - | - | - | - | - | |
| Total Non Current Liabilities Annual Cr | 145.34 | 167.83 | 158.70 | 177.26 | 164.91 | |
| Total Current Liabilities Annual Cr | 275.95 | 298.60 | 343.55 | 365.74 | 446.90 | |
| Total Capital Plus Liabilities Annual Cr | 438.49 | 527.83 | 628.59 | 710.63 | 842.80 | |
| Fixed Assets Annual | 72.38 | 203.79 | 231.99 | 273.15 | 350.38 | |
| Total Non Current Assets Annual | 155.68 | 258.65 | 257.27 | 276.53 | 353.19 | |
| Total Current Assets Annual | 282.81 | 269.18 | 371.33 | 434.10 | 489.60 | |
| Total Assets Annual | 438.49 | 527.83 | 628.59 | 710.63 | 842.80 | |
| Contingent Liabilities plus Commitments Annual Cr | 29.63 | 29.84 | 31.08 | 19.73 | 11.83 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Cash from Operating Activity Annual | 109.93 | 39.65 | 12.52 | 45.41 | 64.59 | |
| Cash from Investing Activity Annual | 45.66 | 12.93 | 46.71 | 8.84 | 4.89 | |
| Cash from Financing Annual Activity | -155.53 | -62.28 | -62.80 | -41.88 | -70.43 | |
| Net Cash Flow Annual | 0.06 | -9.70 | -3.56 | 12.37 | -0.95 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Book Value Per Share Annual | 7.33 | 26.17 | 53.85 | 71.45 | 98.46 | |
| ROE Annual % | -259.42 | -105.93 | -32.78 | -38.29 | -18.15 | |
| ROCE Annual % | -22.33 | -22.14 | -11.30 | -9.31 | -0.64 | |
| Total Debt to Total Equity Annual | 16.14 | 6.46 | 3.27 | 2.51 | 1.78 | |
| EBDIT Annual Margin % | -29.04 | -9.77 | -1.59 | 0.00 | 6.34 |
| Indicator | Graph |
|---|---|
| Total Qtr Revenue cr | |
| Operating Expenses Qtr | |
| Operating Profit Qtr | |
| EBIDT Qtr Cr | |
| Depreciation Qtr | |
| Net Profit Qtr | |
| Basic EPS Qtr |
| Indicator | Mar 2020 | Mar 2019 | Mar 2018 | Graph |
|---|---|---|---|---|
| Total Revenue Annual | 566.41 | 754.34 | 829.60 | |
| Operating Expenses Annual Cr | 530.60 | 669.34 | 746.82 | |
| Operating Profit Annual | 34.08 | 82.22 | 80.24 | |
| Operating Profit Margin Annual % | 6.02 | 10.90 | 9.67 | |
| Total Expenses Annual Cr | 621.93 | 752.61 | 823.22 | |
| EBIDT Annual Cr | 35.81 | 85.00 | 82.78 | |
| EBIDT Annual margin % | 6.32 | 11.27 | 9.98 | |
| Depreciation | 38.35 | 33.98 | 32.94 | |
| PAT Before ExtraOrdinary Items Annual Cr | -41.93 | 1.09 | 5.61 | |
| Net Profit Annual | -41.93 | 1.09 | 5.61 | |
| Basic EPS Annual | -17.88 | 0.46 | 2.39 |
| Indicator | Mar 2020 | Mar 2019 | Mar 2018 | Graph |
|---|---|---|---|---|
| Total ShareHolders Funds Annual | 230.99 | 273.13 | 271.69 | |
| Minority Interest Liability Annual Cr | 0.00 | 0.00 | 0.00 | |
| Total Non Current Liabilities Annual Cr | 164.91 | 183.09 | 133.29 | |
| Total Current Liabilities Annual Cr | 446.90 | 506.10 | 513.70 | |
| Total Capital Plus Liabilities Annual Cr | 842.80 | 962.31 | 918.68 | |
| Fixed Assets Annual | 350.38 | 388.97 | 362.73 | |
| Total Non Current Assets Annual | 353.19 | 406.53 | 380.18 | |
| Total Current Assets Annual | 489.60 | 555.78 | 538.49 | |
| Total Assets Annual | 842.80 | 962.31 | 918.68 | |
| Contingent Liabilities plus Commitments Annual Cr | 11.83 | 12.38 | 11.50 |
| Indicator | Mar 2020 | Mar 2019 | Mar 2018 | Graph |
|---|---|---|---|---|
| Cash from Operating Activity Annual | 64.58 | 38.79 | 37.77 | |
| Cash from Investing Activity Annual | 4.89 | -53.35 | -18.73 | |
| Cash from Financing Annual Activity | -70.43 | 14.65 | -18.96 | |
| Net Cash Flow Annual | -0.96 | 0.10 | 0.08 |
| Indicator | Mar 2020 | Mar 2019 | Mar 2018 | Graph |
|---|---|---|---|---|
| Book Value Per Share Annual | 98.46 | 116.42 | 115.81 | |
| ROE Annual % | -18.15 | 0.39 | 2.06 | |
| ROCE Annual % | -0.64 | 11.18 | 12.30 | |
| Total Debt to Total Equity Annual | 1.78 | 1.57 | 1.39 | |
| EBDIT Annual Margin % | 6.34 | 11.31 | 10.00 |
| Name | Holding Percent | Holding Id | Pledged % | Locked % |
|---|
| Name | Holding Percent | Holding Id | Pledged % | Locked % |
|---|---|---|---|---|
| Rita Arora | 5.39 | 104074709 | 12.35 | 0 |
| Rajesh Arora | 5.04 | 104074710 | 21.04 | 0 |
| Pari Bhogilal Laxmichand | 3.06 | 104074711 | 0.37 | 0 |
| Ashish Virendrabhai Shah | 2.31 | 104074712 | 0.36 | 0 |
| Kalpesh Shah | 1.98 | 104074713 | 0.37 | 0 |
| Parul Shah | 1.81 | 104074714 | 0.37 | 0 |
| Bela Shah | 1.55 | 104074715 | 0.37 | 0 |
| Parmanand Arora | 1.54 | 104074716 | 100 | 0 |
| Kashvi Kalpeshbhai Shah | 1.12 | 104074717 | 0 | 0 |
| Nipun V. Arora | 1.04 | 104074718 | 22.45 | 0 |
| Pankaj V. Arora | 1 | 104074719 | 19.13 | 0 |
| Pankil Kalpeshbhai Shah Huf | 0.96 | 104074720 | 0.37 | 0 |
| Renu V. Arora | 0.95 | 104074721 | 1.99 | 0 |
| Heena Khanna | 0.52 | 104074722 | 0 | 0 |
| V. B. Investment Pvt. Ltd. | 9.89 | 104074739 | 100 | 0 |
| Kashvi Investments Pvt.Ltd. | 5.92 | 104074740 | 100 | 0 |
| Twenty First Century Marketing Ltd. | 4.92 | 104074741 | 100 | 0 |
| Shipa Fabrics Pvt. Ltd. | 2.92 | 104074742 | 100 | 0 |
| Ennbee Textiles Pvt. Ltd. | 2.47 | 104074743 | 100 | 0 |
| Rentex Weavers Ltd. | 2.43 | 104074744 | 100 | 0 |
| Vee Bee Textiles Private Limited | 0.6 | 104074745 | 100 | 0 |
| Name | Holding Percent | Holding Id |
|---|
| Name | Holding Percent | Holding Id |
|---|---|---|
| Jaimin Kailash Gupta | 3.96 | 104074759 |
| Ashokbhai Madhubhai Korat | 1.22 | 104074760 |
| HUF | 1.11 | 104074752 |
| Devangkumar Narendrakumar Sanghavi | 6.35 | 104074762 |
| IEPF | 1.64 | 104074764 |
| Ex-Date | Dividend Amount | Dividend Type | Record Date | Instrument Type |
|---|---|---|---|---|
| Aug 30, 2012 | 0.5 | INTERIM | - | Equity Share |
| Sep 23, 2010 | 0.5 | FINAL | - | Equity Share |
| Aug 25, 2010 | 0.5 | INTERIM | Aug 26, 2010 | Equity Share |
| Oct 30, 2009 | 0.5 | INTERIM | Nov 03, 2009 | Equity Share |
| Sep 20, 2007 | 0.5 | FINAL | - | Equity Share |
| Nov 02, 2006 | 0.5 | INTERIM | Nov 03, 2006 | Equity Share |
| Aug 31, 2006 | 0.5 | FINAL | - | Equity Share |
| Feb 07, 2006 | 0.5 | INTERIM | Feb 09, 2006 | Equity Share |
| Nov 10, 2005 | 0.5 | INTERIM | Nov 11, 2005 | Equity Share |
| Aug 12, 2005 | 0.5 | INTERIM | Aug 16, 2005 | Equity Share |
| Jun 10, 2005 | 1 | FINAL | - | Equity Share |
| Feb 14, 2005 | 0.5 | INTERIM | Feb 15, 2005 | Equity Share |
| Sep 14, 2004 | 1 | FINAL | - | Equity Share |
| Sep 18, 2003 | 1 | FINAL | - | Equity Share |
| Sep 03, 2001 | - | FINAL | - | Equity Share |
| Ex-Date | Split Ratio | Record Date |
|---|
| Ex-Date | Purpose | Notes |
|---|---|---|
| Aug 09, 2024 | Quarterly Results | (Revised) |
| May 29, 2024 | Audited Results | - |
| Feb 14, 2024 | Quarterly Results | - |
| Nov 10, 2023 | Quarterly Results | - |
| Aug 14, 2023 | Quarterly Results | - |
| May 30, 2023 | Audited Results | - |
| Feb 13, 2023 | Quarterly Results | - |
| Nov 14, 2022 | Quarterly Results | - |
| Aug 13, 2022 | Quarterly Results | - |
| May 30, 2022 | Quarterly Results | - |
| Feb 08, 2022 | Quarterly Results | (Revised) |
| Nov 13, 2021 | Quarterly Results | - |
| Aug 13, 2021 | Quarterly Results & A.G.M. | - |
| Jun 28, 2021 | Audited Results | - |
| Feb 11, 2021 | Quarterly Results | - |
| Nov 12, 2020 | Quarterly Results & A.G.M. | - |
| Sep 15, 2020 | Quarterly Results | - |
| Jul 28, 2020 | Audited Results | - |
| Jun 30, 2020 | Audited Results | - |
| Feb 14, 2020 | Quarterly Results | - |
| Nov 14, 2019 | Quarterly Results | - |
| Aug 10, 2019 | Quarterly Results | - |
| May 23, 2019 | Audited Results | - |
| Feb 13, 2019 | Quarterly Results | - |
| Nov 05, 2018 | Quarterly Results | - |
| Aug 11, 2018 | Unaudited Financial Results & A.G.M. | - |
| May 24, 2018 | Audited Results | - |
| Feb 10, 2018 | Quarterly Results | - |
| Dec 11, 2017 | Quarterly Results | - |
| Sep 14, 2017 | Quarterly Results | - |
| Jul 28, 2017 | Others | - |
| May 26, 2017 | Audited Results | - |
| Feb 11, 2017 | Quarterly Results | - |
| Nov 10, 2016 | Quarterly Results | - |
| Aug 10, 2016 | Quarterly Results | - |
| May 28, 2016 | Audited Results | - |
| Feb 06, 2016 | Quarterly Results | - |
| Oct 31, 2015 | Quarterly Results | Appointment of Mr. Bhavik Shukla as Chief Financial Officer (CFO) of the Company and he will resume office w.e.f. November 07, 2015. |
| Aug 13, 2015 | Quarterly Results | Ms. Shivani Shah be and is hereby appointed additional director of the Company w.e.f. August 13, 2015. |
| May 29, 2015 | Audited Results | 1. Mr. Utsav Pandwar, CFO of the Company has tendered his resignation. 2. Mrs. Komal Majmudar, Independent Director of the Company has tendered resignation from the post of Directorship. |
| Feb 13, 2015 | Quarterly Results | - |
| Nov 14, 2014 | Quarterly Results | - |
| Aug 14, 2014 | Quarterly Results | - |
| May 29, 2014 | Audited Results | - |
| Feb 10, 2014 | Quarterly Results | - |
| Oct 30, 2013 | Quarterly Results | - |
| Aug 02, 2013 | Quarterly Results | - |
| May 29, 2013 | Audited Results | - |
| Feb 08, 2013 | Quarterly Results | - |
| Nov 06, 2012 | Quarterly Results | - |
| Aug 14, 2012 | Quarterly Results | (Revised) |
| May 28, 2012 | Audited Results | - |
| Feb 09, 2012 | Quarterly Results | (Revised) |
| Nov 12, 2011 | Quarterly Results | - |
| Aug 10, 2011 | Quarterly Results | - |
| May 30, 2011 | Audited Results | - |
| Feb 05, 2011 | Quarterly Results | - |
| Nov 03, 2010 | Quarterly Results | - |
| Aug 11, 2010 | Quarterly Results & Others | The Board has considered and approved the capex plans of the Company for increase in denim capacity from 60 Million MTR to 96 Million MTR in two phases by December 2011 with capaex of Rs. 150 Crs. |
| May 28, 2010 | Audited Results & Dividend | - |
| Jan 29, 2010 | Quarterly Results | - |
| Dec 22, 2009 | Others | The Board approved the proposal of payment of Interim Dividend @ 3.25% on 74,95,670 13% Cumulative redeemable non convertible preference shares for period December 2009. |
| Oct 16, 2009 | Qrtly Results, Intm. Dividend & Others | inter alia, to consider issue of 23,40,000 Convertible Equity Warrants to promoters, their relatives, associates and related entities was not approved. (Revised) |
| Sep 05, 2009 | Redemption of Non Con. Pref shares | To redeem 74,95,385 13% Cumulative redeemable non convertible preference shares & to declare interim dividend on 13% CRNCPS for the year 2007-08 and 2008-09. |
| Jul 29, 2009 | Quarterly Results & Others | To consider the proposal of buy back of US$ 10 million Foreign Currency Convertible Bonds out of own accruals, fresh ECB or other permissible ways, in according to the guidelines issued by RBI. |
| Jun 30, 2009 | Audited Results | - |
| May 14, 2009 | Others | To consider the performance of the Co. & to approve the appointment of M/s. N D Birla & Co. as Cost Accountants for the FY Apr 01, 2009 to Mar 31, 2009. |
| Feb 28, 2009 | Quarterly Results & Others | To consider amendment in the previously adopted Un-audited Financial Results for the quarter ended on Dec 31, 2008 due to difference in interest cost & loss due to foreign exchange rate difference. |
| Jan 31, 2009 | Quarterly Results | - |
| Oct 25, 2008 | Quarterly Results | - |
| Jul 31, 2008 | Quarterly Results | - |
| Jun 30, 2008 | Audited Results | - |
| Jan 31, 2008 | Quarterly Results | - |
| Oct 30, 2007 | Quarterly Results | - |
| Jul 31, 2007 | Quarterly Results | - |
| Jun 29, 2007 | Audited Results & Final Dividend | - |
| Apr 10, 2007 | To consider Allotment of FCCBs | - |
| Jan 31, 2007 | Quarterly Results | - |
| Oct 18, 2006 | Quarterly Results | - |
| Jul 31, 2006 | Quarterly Results | - |
| Jun 28, 2006 | Accounts & Final Dividend | - |
| Jan 21, 2006 | Quarterly Results | - |
| Oct 22, 2005 | Quarterly Results | - |
| Jul 28, 2005 | Quarterly Results | - |
| Jun 30, 2005 | Private Placement | To allot 3373100 Equity Shares of Rs 10/- each at a price of Rs 86/- per Share on private placement basis to M/s DEG - Deutsche Investitions. |
| Jun 23, 2005 | Changes in AOA of the company | To consider alter, add, change, substitute, amend various articles of AOA of the company. |
| May 24, 2005 | Accounts & Dividend | - |
| Jan 27, 2005 | Quarterly Results | - |
| Oct 30, 2004 | Quarterly Results | - |
| Jul 31, 2004 | Quarterly Results | - |
| Jun 30, 2004 | Accounts | - |
| Jan 31, 2004 | Quarterly Results | - |
| Oct 24, 2003 | Quarterly Results | - |
| Jul 31, 2003 | Quarterly Results | - |
| Jun 30, 2003 | Accounts | - |
| Jan 31, 2003 | Quarterly Results | - |
| Oct 31, 2002 | Quarterly Results | - |
| Jul 31, 2002 | Quarterly Results | - |
| Jul 01, 2002 | Accounts, Dividend & Quarterly Results | (Revised) |
| Jan 18, 2002 | Quarterly Results | - |
| Oct 27, 2001 | Quarterly Results | - |
| Jul 28, 2001 | Quarterly Results | - |
| Jun 30, 2001 | Accounts | - |
| Jan 31, 2001 | Quarterly Results | - |
| Oct 21, 2000 | Quarterly Results | - |
| Aug 02, 2000 | Accounts | - |
| Jul 29, 2000 | Quarterly Results | - |
| Apr 28, 2000 | Quarterly Results | - |
| Apr 27, 2000 | Quarterly Results (Revised) | - |
| Jan 29, 2000 | Quarterly Results | - |
| Oct 30, 1999 | Quarterly Results | - |
| Jul 31, 1999 | Quarterly Results | - |
| Jan 30, 1999 | Quarterly Results | - |
| Oct 31, 1998 | Quarterly Results | - |
| Jul 31, 1998 | Quarterly Results | - |
| May 30, 1998 | Half Yearly Results | - |
| Nov 29, 1997 | Half Yearly Results | - |
| Nov 28, 1997 | Half Yearly Results (Revised) | - |
| Sep 01, 1997 | Accounts | - |
| Ex-Date | Bonus Ratio | Record Date |
|---|
05 Oct 2024
AARVEE DENIMS & EXPORTS LTD. - 514274 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
As per attachment
28 Sep 2024
AARVEE DENIMS & EXPORTS LTD. - 514274 - Shareholder Meeting / Postal Ballot-Outcome of AGM
as per attachment
20 Sep 2024
AARVEE DENIMS & EXPORTS LTD. - 514274 - Announcement under Regulation 30 (LODR)-Open Offer - Updates
as per attachment
20 Sep 2024
AARVEE DENIMS & EXPORTS LTD. - 514274 - Draft Letter of Offer
Vivro Financial Services Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer to the public shareholders of Aarvee Denims & Exports Ltd ("Target Company").
12 Sep 2024
AARVEE DENIMS & EXPORTS LTD. - 514274 - Announcement under Regulation 30 (LODR)-Open Offer - Updates
as per attachment
12 Sep 2024
AARVEE DENIMS & EXPORTS LTD. - 514274 - Announcement under Regulation 30 (LODR)-Open Offer - Updates
as per the attachment
12 Sep 2024
AARVEE DENIMS & EXPORTS LTD. - 514274 - Detailed Public Statement
Vivro Financial Services Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulation 3(1) and Regulation 4 read with Regulations 13(4), 14(3) and 15(2) and other applicable Regulations of the Securities and Exchage Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and subsequent amendment thereof ("SEBI (SAST) Regulations") to the public shareholders of Aarvee Denims & Exports Ltd ("Target Company").
