Varvee Global Limited's board of directors convened on January 16, 2026, to approve multiple strategic corporate actions that will reshape the company's capital structure and operational framework. The meeting, which lasted from 4:15 PM to 4:30 PM, addressed key decisions including equity share restructuring, leadership changes, and governance appointments.

Equity Share Split Approved

The board approved a significant equity share split, transforming the company's share structure to enhance accessibility for retail investors. The split will convert each existing equity share into two new shares with reduced face value.

The rationale behind this split focuses on making shares more affordable and attractive to retail investors while enhancing market liquidity. The company expects to complete this process within approximately two months from shareholder approval, subject to statutory requirements.

Internal Auditor Transition

The board formalized changes in the internal audit function following Mr. Sanjay Vyas's resignation effective November 30, 2025. Based on the Audit Committee's recommendation, M/s Jagetiya & Co, Chartered Accountants (F.R.N. 131407W) was appointed as the new internal auditor for FY 2025-26.

M/s Jagetiya & Co brings extensive expertise in statutory audit, tax audit, internal audit, GST consultancy, and taxation advisory services. The firm, established as a partnership in 2017, operates with a client-centric, technology-driven approach emphasizing quality and regulatory compliance.

Leadership Remuneration Revisions

The board, acting on recommendations from the Nomination and Remuneration Committee, approved salary revisions for two key executives, subject to shareholder approval:

• Mr. Jaimin Kailash Gupta (DIN: 06833388), Managing Director
• Mr. Tarachand Agrawal (DIN: 00465635), Whole Time Director

Governance and Approval Process

To facilitate shareholder approval for these decisions, the board approved a postal ballot notice and appointed Mr. Tapan Shah, Practicing Company Secretary, as scrutinizer to oversee the voting process. The company will also alter Clause V of its Memorandum of Association to reflect the new capital structure.

The revised authorized share capital will comprise ₹50,00,00,000 divided into 7,00,00,000 equity shares of ₹5.00 each and 1,50,00,000 cumulative redeemable non-convertible preference shares of ₹10.00 each. These corporate actions demonstrate Varvee Global's commitment to enhancing shareholder value and operational efficiency while maintaining robust governance standards.

Varvee Global Limited announced significant corporate decisions following its board meeting held on January 16, 2026. The company's board of directors approved multiple strategic initiatives, including an equity share split and key personnel changes.

Equity Share Split Approved

The board approved a 1:2 equity share split, subject to shareholder approval. Under this proposal, each existing equity share with a face value of ₹10.00 will be subdivided into 2 equity shares with a face value of ₹5.00 each.

The company stated that the share split aims to make shares more affordable and attractive to investors, encouraging greater participation from retail investors while enhancing market liquidity. The completion is expected within approximately 2 months from shareholder approval, subject to statutory requirements.

Internal Auditor Changes

The board addressed changes in the internal auditor position. Mr. Sanjay Vyas resigned as Internal Auditor effective November 30, 2025, citing pre-occupation with other assignments. His resignation letter was dated November 14, 2025.

To fill the casual vacancy, the board appointed M/s Jagetiya & Co, Chartered Accountants (F.R.N. 131407W) as the new Internal Auditor for FY 2025-26. The firm brings 16 years of experience in statutory audit, tax audit, internal audit, GST consultancy, and taxation consultancy.

Management Remuneration Revisions

Based on recommendations from the Nomination and Remuneration Committee, the board approved revised remuneration packages for key managerial personnel, subject to shareholder approval:

• Mr. Jaimin Kailash Gupta (DIN: 06833388), Managing Director
• Mr. Tarachand Agrawal (DIN: 00465635), Whole Time Director

Additional Corporate Actions

The board approved several consequential measures:

• Alteration of Capital Clause (Clause V) in the Memorandum of Association to reflect the new share structure
• Notice of Postal Ballot to seek shareholder approval for the proposed changes
• Appointment of Mr. Tapan Shah, Practicing Company Secretary, as Scrutinizer for the postal ballot voting process

The authorized share capital structure will be revised to ₹50,00,00,000 divided into 7,00,00,000 equity shares of ₹5.00 each and 1,50,00,000 Cumulative Redeemable Non-Convertible Preference Shares of ₹10.00 each.

The board meeting commenced at 4:15 PM and concluded at 4:30 PM on January 16, 2026. The company will announce the record date for the share split in due course, pending shareholder approval.