Varvee Global Ltd

AGM Details

• AGM held on 30 September 2026 at 3:30 PM via VC/OAVM.

Key Resolutions

• 01 Ordinary: Adopt Audited Standalone Financial Statements for year ended 31 March 2026.
• 02 Ordinary: Reappoint Tarachand Agrawal as Whole-Time Director by rotation.
• 03 Ordinary: Approve material related party transaction with Yarn Syndicate Limited.
• 04 Ordinary: Approve material related party transaction with Stitched Textiles Limited.
• 05 Ordinary: Approve material related party transaction with Qmin Industries Limited.
• 06 Ordinary: Approve material related party transaction with Brand Cluster LLP.
• 07 Ordinary: Ratify remuneration of Cost Auditors.
• 08 Ordinary: Appoint Mithleshkumar M Agraval as Non-Executive Non-Independent Director.

Voting Results

• Consolidated voting results and Scrutinizer’s report to stock exchanges within two working days.
• Results will also be placed on the company website.

Share subdivision

• Resolution: Ordinary for sub-division of equity shares from Rs5 to Rs2.
• Record Date to be fixed by the Board; aggregate capital unchanged.
• 5 new Rs2 shares issued for each Rs5 share, pari passu.
• Directors authorized to execute actions and file required documents.

Capital clause alteration

• Resolution: Ordinary for alteration of Capital Clause of MOA to Rs50 crore.
• New structure: Equity 17,50,00,000 shares of Rs2; Preference 1,50,00,000 shares of Rs10.
• Record date and consequential MOA amendments to reflect new capital.

Voting details

• E-voting period runs from 9:00 AM Oct 1 to 5:00 PM Oct 30, 2026.
• Results to be announced on or before Nov 3, 2026.
• Cut-off date for eligibility: Sept 25, 2026.

Varvee Global Ltd trading window closed from Oct 01, 2026 till 48 hours after the unaudited Q2 and H1 2026-27 results announcement for the quarter and half year ended Sept 30, 2026

Rating withdrawal

• Brickwork Rating withdrew its rating on Varvee Global's facilities at the company's request.
• Withdrawal disclosed under SEBI LODR Regulations 2015, Regulation 30, Part A Schedule III.
• Company identity: Varvee Global Ltd, formerly Aarvee Denims and Exports Ltd.
• Date of intimation: 25 September 2026.

Capital restructuring and MOA amendments

• Approved sub-division of equity shares from Rs 5 to Rs 2 per share, subject to approvals.
• Alteration of Capital Clause of MOA to reflect post-split capital.
• Post-split authorised capital set at Rs 50 crore (Rs 35 crore equity, Rs 15 crore preference).
• Equity post-split: 17,50,00,000 shares of Rs 2; preference: 1,50,00,000 shares of Rs 10.
• Record date for sub-division to be intimated to exchanges.
• Notice of Postal Ballot approved to seek member approvals.
• Scrutinizer appointed: Mr. Tapan Shah for voting and remote e-voting.

Regulatory disclosures

• Compliance with SEBI Listing Regulations Regulation 30; Annexure-A and Annexure-B attached.

Meeting Details

• Board meeting scheduled for 25 September 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve sub-division of Rs 5 face value equity shares and MOA alterations.

Other Notes

• Trading window to close from 22 September 2026 to 48 hours after meeting conclusion.

AGM Details

• AGM date and time: 30 September 2026 at 3:30 PM IST via VC/OAVM.
• Remote e-voting window: 26 Sep 2026, 9:00 AM to 29 Sep 2026, 5:00 PM IST.
• Addendum adds Item No. 8; part of AGM Notice.

Resolution Item

• Ordinary resolution to appoint Mithleshkumar Agraval as Non-Executive Non-Independent Director, effective 21 Sep 2026; liable to rotate.

Voting Status

• Voting results for Item 8 not disclosed in this addendum.

Director Appointment Details

• DIN 03468643; appointed as Non-Executive Non-Independent Director.
• Effective 21 Sep 2026; liable to retire by rotation.
• Remuneration: Nil; no shares held.
• Experience: 10+ years in textile industry.
• Other directorships: Yarn Syndicate Ltd; Vax Enterprise Pvt Ltd.
• Not related to directors or KMP.

Addendum Context

• Addendum supplements Item 8; forms integral part of AGM Notice.
• E-voting window remains 26 Sep 2026 to 29 Sep 2026.

Appointment

• Appointed Mithleshkumar M Agraval as Additional Non-Executive and Non-Independent Director, effective 21 Sep 2026.
• Appointment approved on recommendation of the Nomination and Remuneration Committee.
• Profile: over 10 years in textile industry; not related to any directors.

Resignation

• Nipun Vinodkumar Arora resigned as Director, effective close of business 21 Sep 2026.
• Reason: other professional engagements and commitments.