Varvee Global Limited has responded to queries from both BSE and NSE regarding significant movement in its share price, clarifying that no undisclosed price-sensitive information exists that could have influenced recent trading activity. The company issued its response on April 8, 2026, addressing concerns raised by both major stock exchanges.

Exchange Queries and Timeline

Both BSE and NSE had separately contacted the company on April 8, 2026, seeking clarification on the notable price movement observed in Varvee Global's shares. The exchanges referenced their surveillance mechanisms and requested immediate disclosure of any information that might have bearing on the stock's price or volume behavior.

Company's Official Response

Varvee Global, formerly known as Aarvee Denims & Exports Ltd, provided a comprehensive three-point clarification addressing the exchange queries. The company emphasized its adherence to regulatory requirements and transparency in disclosures.

The key points of the company's response included:

• Complete Disclosure Compliance: The company confirmed that all events and price-sensitive information have been disclosed as required under Regulation 30 and other applicable SEBI regulations
• No Withheld Information: Management stated that no material information or impending announcements have been withheld that could impact share price or trading volume
• Market-Driven Movement: The price movement was attributed purely to market conditions beyond the company's control or knowledge

Regulatory Compliance Framework

Company Leadership and Governance

The response was signed by Abira Mansuri, Company Secretary & Compliance Officer, who digitally signed the document on April 8, 2026, at 19:19:43 +05'30'. The company reaffirmed its commitment to maintaining the highest standards of governance and disclosures while continuing to discharge its obligations under SEBI regulations on a regular basis.

Market Surveillance Context

The exchange queries reflect the ongoing surveillance mechanisms employed by both BSE and NSE to monitor unusual price movements and ensure market integrity. Such clarifications are routine procedures designed to maintain transparency and protect investor interests by ensuring all material information is available to the market.

Varvee Global Limited has announced the resignation of its Chief Financial Officer and Key Managerial Personnel, Mr. Jignesh Parmar, effective April 30, 2026. The company filed the regulatory disclosure on April 2, 2026, pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resignation Details

Mr. Jignesh Parmar submitted his resignation letter on April 2, 2026, citing better opportunities elsewhere as the primary reason for his departure. His last working day with the company will be April 30, 2026.

Regulatory Compliance

The company has fulfilled its regulatory obligations by notifying both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) about this key personnel change. The disclosure includes all required details under SEBI regulations, including the reason for cessation and effective date.

Transition Commitment

In his resignation letter, Mr. Parmar expressed gratitude to the Board and company for the opportunities provided during his tenure. He has committed to ensuring a smooth transition during his remaining period with the organization. The departing CFO also requested the company to file necessary regulatory forms with the Registrar of Companies and relevant authorities to update this change.

Company Background

Varvee Global Limited, formerly known as Aarvee Denims and Exports Limited, continues its operations while managing this leadership transition. The company secretary, Abira Mansuri, signed the regulatory filing on behalf of the organization.