Aarvee Denims & Exports Limited — Board Meeting, 14-08-2025: Outcome of Board Meeting

AARVEE DENIMS' board has approved the financial results for Q1 FY26. The company reported a loss of ₹7.25 Cr, with revenue from operations at (₹0.55 Cr) and total revenue at ₹0.01 Cr, reflecting no finished goods production this quarter.

Significant changes are underway: a new management, led by Jaimin Kailash Gupta, took over on July 5 after acquiring ~60.81% stake. Positively, the company became bank debt-free on June 3. Shareholders also approved a preferential allotment of 3.71M shares at ₹134.66 each. The focus shifts to streamlining operations at the Narol unit under the new leadership.