Varvee Global Ltd board approved the sub-division of its equity shares on September 25, 2026. Each existing share with a face value of ₹5 will be split into five shares with a face value of ₹2 each.

The primary rationale for this corporate action is to improve the liquidity of the company's equity shares in the stock market and make them more affordable for small retail investors. The proposal remains subject to shareholder approval and other applicable regulatory clearances.

Share capital structure changes

The sub-division alters the number of shares outstanding while keeping the total paid-up capital unchanged at ₹25.76 crore. The authorized share capital remains at ₹35 crore, but the composition shifts from 7 crore shares to 17.50 crore shares.

Board meeting outcomes

The board meeting commenced at 11:00 am and concluded at 11:20 am. Key resolutions passed include:

• Approval of the share sub-division proposal.
• Alteration of the Capital Clause of the Memorandum of Association (MOA) to reflect the new share structure.
• Approval of the Notice of Postal Ballot to seek necessary approval from members.
• Appointment of Mr. Tapan Shah, Practicing Company Secretary, as Scrutinizer for the postal ballot process.

The record date for the sub-division will be intimated to the stock exchanges in due course. The company stated that completion will occur within timelines specified under the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Insider trading window closure

Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in equity shares was closed from Tuesday, September 22, 2026. This restriction applied to all designated persons and their immediate relatives until 48 hours after the conclusion of the board meeting.

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.