Varvee Global issued an addendum to the notice for its 37th Annual General Meeting (AGM) on September 21, 2026, to update shareholders on Agenda Item 8. The addendum seeks member approval for the appointment of Mithleshkumar M Agraval as a Non-Executive Non-Independent Director.

The board had already approved Agraval’s appointment as an additional director during a meeting held at the company’s registered office in Ahmedabad on September 21, 2026. The meeting commenced at 4:00 pm and concluded at 5:30 pm.

Board Appointments and Resignations

The Nomination and Remuneration Committee recommended Agraval’s appointment. He brings over 10 years of experience in the textile industry and holds a B.Com degree. The company stated his appointment will support strategic decision-making, risk management, and governance.

Agraval is not related to any other directors or key managerial personnel of the company. He currently holds directorships in Yarn Syndicate Limited and Vax Enterprise Private Limited. He resigned from Vaxtex Cotfab Limited in the past three years.

Concurrently, the board accepted the resignation of Nipun Vinodkumar Arora effective September 21, 2026. Arora resigned due to other professional engagements and was relieved from his duties at the close of business hours on that date.

Annual General Meeting Update

The 37th AGM is scheduled for September 30, 2026, at 3:30 pm. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means. The original AGM notice was dispatched to shareholders on September 3, 2026.

Remote e-voting for the AGM commenced on September 26, 2026, at 9:00 am and continues until 5:00 pm on September 29, 2026. The addendum forms an integral part of the AGM notice and has been uploaded to the company website and stock exchange portals.

Varvee Global has scheduled its 37th Annual General Meeting for September 30, 2026, seeking shareholder approval for material related party transactions totaling up to ₹200 crore across four group entities. The Board of Directors approved the notice and Director’s Report for FY26 on September 2, 2026.

The meeting will be conducted via Video Conferencing or Other Audio-Visual Means. Remote e-voting will commence on September 26, 2026, at 9:00 am and conclude on September 29, 2026, at 5:00 pm. The cut-off date for e-voting eligibility is September 23, 2026.

Key Resolutions

The primary agenda includes the reappointment of Mr. Tarachand Agrawal as Whole Time Director and the ratification of remuneration for cost auditors M/s. Anuj Aggrawal and Co. The most significant items involve approving material related party transactions (RPTs) with four related entities for FY27.

These transactions cover the sale and purchase of goods, services, property leasing, and agency appointments. Each entity’s proposed transaction limit represents 60.55% of the company’s consolidated turnover of ₹82.57 crore recorded in FY26. Under SEBI Listing Regulations, transactions exceeding 10% of annual consolidated turnover require shareholder approval.

Corporate Governance Details

Mr. Jaimin Kailash Gupta serves as Chairman and Managing Director. The company disclosed that these related party transactions are part of a strategic approach to leverage specialized expertise within the group, ensuring operational efficiency and alignment with broader business objectives. All transactions are intended to be conducted at arm’s length.

The register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026. Shareholders holding shares as on the record date of August 28, 2026, will receive the Annual Report electronically.