Varvee Global appointed Jaimin Gupta as Chief Financial Officer effective July 29, 2026, while Abira Mansuri resigned from her positions as Company Secretary, Compliance Officer, and Nodal Officer on the same day. The Board of Directors approved the changes during a meeting held on July 29, 2026, following recommendations from the Nomination and Remuneration Committee and the Audit Committee. These leadership shifts impact key compliance and financial oversight roles within the organization.

The Board approved Jaimin Gupta's appointment as CFO based on the joint recommendation of the Nomination and Remuneration Committee and the Audit Committee. The appointment aligns with disclosures required under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. Gupta brings nine years of experience in the textile industry to the role.

Gupta is the founder and owner of Stitched Textiles Limited, a men's apparel retailing company. He also serves as a Director at VIRU Retail Pvt. Ltd., a joint venture between Stitched Textiles Limited and World of Virus for the brand "VS" of cricketer Virender Sehwag. Previously, he served as CEO of Vaxtex Cotfab Limited, an NSE Emerge listed company engaged in textile fabric manufacturing. His profile highlights extensive experience in finance, business strategy, corporate management, and the textile sector.

Concurrently, Abira Mansuri tendered her resignation from the posts of Company Secretary, Compliance Officer (Key Managerial Personnel), and Nodal Officer. She cited better opportunities as the reason for her departure. Her resignation letter, dated July 29, 2026, requested relief from responsibilities effective close of business hours on July 29, 2026.

The resignation complies with Regulation 30, read with Para A, Part A of Schedule III of the SEBI Listing Regulations, and the Industry Standards Note on Regulation 30. The company disclosed these details in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/1/3762/2026 dated July 29, 2026. The Board meeting commenced at 6:20 P.M. and concluded at 6:35 P.M.

Key Leadership Changes

The following table summarises the leadership changes approved by the Board on July 29, 2026:

Regulatory Compliance

The disclosures were made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. The company provided Annexure A for the CFO appointment and Annexure B for the resignation details. The filings were submitted to both the BSE Ltd. and the National Stock Exchange of India Ltd. on July 29, 2026.

Varvee Global Ltd has expanded its business operations by incorporating a wholly-owned subsidiary, Varvee Energy Private Limited, on July 07, 2026, to enter the renewable energy sector. The new entity has been established to undertake activities including the generation, transmission, distribution, and trading of renewable and sustainable energy solutions. This strategic move marks the company's entry into the renewable energy industry, diversifying its portfolio beyond its existing operations.

The incorporation follows a previous disclosure made on May 27, 2026, regarding the proposal to form the subsidiary. Varvee Energy Private Limited has received the Certificate of Incorporation from the Registrar of Companies, confirming its legal status as a wholly-owned subsidiary of Varvee Global Ltd. No further governmental or regulatory approvals are required for the incorporation, as the necessary certification has already been obtained.

Varvee Global Ltd has subscribed to the initial paid-up share capital of the subsidiary through cash consideration via banking channels. The total investment amounts to ₹10,00,000, divided into 1,00,000 equity shares with a face value of ₹10 each. Consequently, Varvee Global Ltd holds 100% of the paid-up share capital of Varvee Energy Private Limited, establishing complete control over the new entity.

Key Details of the Incorporation

The subsidiary's primary focus will be on the renewable energy sector, encompassing a wide range of activities such as supply, storage, and other allied services related to sustainable energy. This initiative aligns with the growing emphasis on green energy solutions within the industry. The filing was submitted to the BSE Ltd and the National Stock Exchange of India Ltd in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.