Aarvee Denims & Exports Limited — Important, 15-04-2025: General Updates

The Board of Directors has approved the preferential issue of 37,13,044 Equity Shares to public category investors. The equity shares will be allotted to Somani Ventures and Innovations Private Limited, with Mr. Prabhat Somani as the ultimate beneficial owner. Following the issuance, Somani Ventures will hold 1,11,392 shares, representing 0.41% of total equity.

The issue price of ₹134.66 per share, which includes a premium of ₹124.66, has been determined based on the higher of the volume-weighted average price (VWAP) calculated over the past 90 trading days and the past 10 trading days. Additionally, a valuation report confirms the fair value of the shares at ₹112.58, aligning with regulatory standards.

This strategic fundraising could enhance the company's financial flexibility, positioning it for growth opportunities. Investors should watch closely for any developments that could further impact shareholder value.