Aarvee Denims & Exports Limited — Board Meeting, 05-07-2025: Outcome of Board Meeting

Aarvee Denims and Exports Ltd has announced a board meeting on July 5, 2025, approving the transfer of 78.7 lakh equity shares to the acquirer and completing all related handovers per the share purchase agreement. Leadership changes include the appointment of Mr. Jaimin Kailash Gupta as Chairman and Managing Director and Mr. Tarachand Gangasahay Agrawal as Whole-time Director, both for three years, subject to shareholder approval. Mr. Jignesh M Parmar joins as CFO. Several key resignations followed SPA completion, including the former Chairman & MD and other senior directors. Mr. Nipun Vinodkumar Arora shifts from Whole-time to Non-Executive Director.