Varvee Global Limited has successfully completed its postal ballot process for the adoption of a new set of Articles of Association, with shareholders demonstrating overwhelming support for the special resolution. The company announced the results on March 20, 2026, following the completion of the e-voting process that concluded at 5:00 PM on the same day.

Regulatory Disclosure and Amendment Rationale

Pursuant to Regulation 30 of the SEBI Listing Regulations, Varvee Global Limited formally disclosed the amendments to its Articles of Association to both BSE and NSE. The company cited significant changes in control and management as the primary driver for the comprehensive revision of its governance framework.

The new management identified that certain provisions in the existing Articles of Association were no longer relevant and required deletion or modification. Additionally, evolving business requirements necessitated greater flexibility and clarity in the company's governance framework to align with current legal and regulatory developments under the Companies Act, 2013.

Voting Results and Shareholder Participation

The postal ballot witnessed significant shareholder participation, with detailed voting statistics reflecting strong corporate governance engagement.

Category-wise Voting Breakdown

The voting results showed strong support across all shareholder categories, with promoters and institutional investors providing unanimous backing.

E-Voting Process and Timeline

The postal ballot was conducted entirely through electronic means, following regulatory guidelines and ensuring transparency throughout the process. The e-voting period remained open from February 19, 2026 at 9:00 AM to March 20, 2026 at 5:00 PM. Mr. Tapan Shah, Company Secretary (Membership Number 4476), served as the scrutinizer for the voting process, appointed by the Board of Directors on February 18, 2026.

Scrutinizer Report and Validation

The scrutinizer's report confirmed the validity of the voting process with comprehensive oversight. Mr. Tapan Shah validated that 36 total voters participated, with 33 voting in favour and 3 voting against the resolution. The votes were unblocked after the conclusion of the e-voting period and witnessed by two independent witnesses.

The successful completion of this postal ballot marks an important milestone in Varvee Global Limited's corporate governance journey, with the new Articles of Association expected to enhance the company's operational framework and regulatory compliance structure in alignment with current statutory provisions and business requirements.