Aarvee Denims & Exports Limited — Others, 05-07-2025: Change in Management

Aarvee Denims and Exports Ltd has announced a board meeting on July 5, 2025, approving the transfer of 78.72 lakh equity shares to the acquirer as per the share purchase agreement. Key management changes include the appointment of Mr. Jaimin Kailash Gupta as Chairman and Managing Director, Mr. Tarachand Gangasahay Agrawal as Executive Whole-Time Director, and Mr. Jignesh M Parmar as Chief Financial Officer, all subject to shareholder approval. Resignations were accepted from the former Chairman, Managing Directors, Executive Director, and Independent Director due to completion of the share acquisition. Mr. Nipun Vinodkumar Arora’s designation changed from Whole-Time Director to Non-Executive Director. These changes mark a significant leadership transition aligned with the recent ownership restructuring.