Varvee Global Limited reported a 47.9% year-on-year increase in revenue from operations to ₹6,279.95 lakh for the financial year ended March 31, 2026. The company turned EBITDA positive at ₹536.57 lakh, compared to a loss of ₹8,990.05 lakh in the previous year, driven by a strategic shift towards value-added non-denim shirtings and suitings. For the fourth quarter ended March 31, 2026, the company recorded a net loss of ₹2,859.19 lakh, while revenue from operations surged 211.7% to ₹2,338.43 lakh. The audited standalone financial results were submitted in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

M/s. Pankaj R Shah & Associates, Chartered Accountants, audited the results and issued an unmodified opinion. The company’s total income for FY26 was ₹8,257.24 lakh, down from ₹18,235.88 lakh in FY25, primarily due to a decrease in other income. The statutory auditors highlighted an emphasis of matter regarding the continuity of MAT credit recognition, the going concern assumption, and the sale of property, plant, and equipment previously held for sale.

Operational Highlights

Gross Profit improved by ₹8,475.38 lakh year-on-year to ₹4,089.10 lakh, with Gross Margin expanding by 168.4 percentage points to 65.1%. The company significantly de-risked its balance sheet, reducing total borrowings by approximately 97% to ₹287.67 lakh in FY26 from ₹9,425.93 lakh in FY25. Total equity increased to ₹7,701.14 lakh. Net cash from operating activities stood at ₹504.46 lakh for the year.

Strategic Expansion

The board approved the incorporation of a wholly-owned subsidiary in India to operate in the renewable energy sector. The proposed entity will be a wholly-owned subsidiary of Varvee Global Limited, with 100% shareholding. The consideration for the subscription to share capital will be through cash or bank transfer. The detailed information was submitted in compliance with Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations.

Corporate Actions

The company undertook a sub-division of its equity shares from 1 equity share of ₹10 each to 2 equity shares of ₹5 each, effective from March 03, 2026. Consequently, the number of equity shares increased from 2,57,64,339 to 5,15,28,678, and a new ISIN (INE273D01027) was activated. M/s. Anuj Aggarwal & Co., Cost Accountants, were re-appointed as Cost Auditor for FY27, and M/s. JAGETIYA & CO were re-appointed as Internal Auditor for the financial year 2026-27.

Investor Presentation Update

Varvee Global Limited released an investor presentation for Q4 and FY26 on May 28, 2026. The company highlighted its strategic shift towards high-margin non-denim fabrics, with production capacity for non-denim fabrics increasing by 50% to 18 lakh meters per month. The presentation emphasized the company's debt-free status achieved in June 2025 and the subsequent 'IND BB/Positive' issuer rating assigned by India Ratings and Research in January 2026. Management reiterated its focus on profitable growth, better capacity utilisation, and strengthening its position in value-added fabrics for FY27.

Varvee Global Ltd has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The regulatory filing demonstrates the company's adherence to securities dematerialisation requirements as mandated by the Securities and Exchange Board of India.

Regulatory Compliance Details

The certificate was submitted to both major stock exchanges on April 13, 2026, fulfilling the company's obligations under SEBI (Depositories and Participants) Regulations, 2018. Company Secretary Abira Mansuri signed and submitted the documentation to ensure regulatory compliance.

RTA Confirmation Certificate

MUFG Intime India Private Limited, serving as the company's Registrar and Transfer Agent, issued the confirmation certificate dated April 01, 2026. The RTA confirmed proper handling of securities received from depository participants during the quarter.

The certificate validates that:

• Securities received for dematerialisation were properly confirmed to depositories
• All security certificates were mutilated and cancelled after verification
• Depository names were substituted in the register of members within prescribed timelines
• Securities remain listed on stock exchanges where earlier issued securities are traded

Corporate Structure

Varvee Global Ltd was formerly known as Aarvee Denims and Exports Ltd. The company maintains its registered operations from Ahmedabad and continues to fulfill all regulatory requirements through proper corporate governance mechanisms.

RTA Service Provider

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, serves as the company's registrar and transfer agent. The Mumbai-based entity operates under CIN U67190MH1999PTC118368 and maintains its registered address at C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai.

Sr. Vice President-Corporate Registry Ashok Shetty signed the confirmation certificate on behalf of MUFG Intime India, ensuring proper documentation of the dematerialisation processes handled during the reporting quarter.