Varvee Global published advertisements for the addendum to its 37th Annual General Meeting (AGM) notice in The Indian Express (English) and Financial Express (Gujarati) on September 23, 2026. The filings update shareholders on Agenda Item 8, seeking approval for Mithleshkumar M Agraval’s appointment as a Non-Executive Non-Independent Director.

The company submitted copies of these advertisements to BSE and NSE under Regulation 30 of SEBI (LODR) Regulations, 2015. The addendum forms an integral part of the original AGM notice dispatched on September 2, 2026. Shareholders are advised to read the addendum in conjunction with the main notice available on the company website.

Board Appointments and Resignations

The Nomination and Remuneration Committee recommended Agraval’s appointment effective September 21, 2026. He brings over 10 years of experience in the textile industry and holds a B.Com degree. The board stated his appointment will support strategic decision-making, risk management, and governance.

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

Concurrently, the board accepted the resignation of Nipun Vinodkumar Arora effective September 21, 2026. Arora cited other professional engagements and was relieved from duties at the close of business hours that day.

Annual General Meeting Schedule

The 37th AGM is scheduled for September 30, 2026, at 3:30 pm through Video Conferencing or Other Audio-Visual Means. Remote e-voting commenced on September 26, 2026, at 9:00 am and remains open until 5:00 pm on September 29, 2026.

The addendum has been uploaded to the company website and stock exchange portals. Members participating via VC/OAVM will be counted for quorum purposes. The company emphasized that the addendum does not alter other terms of the original AGM notice.

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.