Varvee Global Limited Approves 1:2 Equity Share Split and Key Corporate Changes

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.

Parameter:	Pre-Split Details	Post-Split Details
Face Value per Share:	₹10.00	₹5.00
Authorized Share Capital:	3,50,00,000 shares	7,00,00,000 shares
Paid-up Share Capital:	2,57,64,339 shares	5,15,28,678 shares
Total Authorized Capital:	₹35,00,00,000	₹35,00,00,000
Total Paid-up Capital:	₹25,76,43,390	₹25,76,43,390

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.

Details:	Information
Outgoing Auditor:	Mr. Sanjay Vyas
Resignation Date:	November 14, 2025
Effective Date:	November 30, 2025
Reason:	Pre-occupation in other assignments

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.30%	-11.11%	-7.71%	-11.49%	+4.60%	+640.32%

Varvee Global Limited has announced a board meeting scheduled for Friday, January 16, 2026, to consider important corporate decisions including equity share sub-division and quarterly financial results review. The company has informed both BSE Limited and National Stock Exchange of India Limited about this meeting in compliance with Regulation 29 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015.

Key Agenda Items for Board Meeting

The board meeting will address several critical matters that could impact shareholders and the company's capital structure:

Agenda Item:	Details
Share Sub-Division:	Face value reduction from ₹10 to ₹5 per equity share
Regulatory Compliance:	Section 61 of Companies Act, 2013
Required Approvals:	Governmental, statutory, regulatory, and shareholder approvals
Additional Matters:	Other business with board permission

Share Sub-Division Proposal

The primary focus of the meeting will be the consideration and approval of equity share sub-division. The company proposes to split the face value of existing equity shares from ₹10 each to ₹5 each. This corporate action requires compliance with Section 61 of the Companies Act, 2013, and is subject to obtaining necessary governmental, statutory, and regulatory approvals, including shareholder consent.

Trading Window Restrictions

In accordance with insider trading regulations, Varvee Global Limited has implemented trading restrictions for specific categories of individuals. The trading window closure affects connected persons, insiders, designated persons, and their immediate relatives as defined under the company's Code of Conduct.

Parameter:	Details
Closure Start Date:	January 1, 2026
Closure End:	48 hours after Q3FY26 results declaration
Applicable Period:	Quarter ended December 31, 2025
Regulatory Framework:	SEBI (Prohibition of Insider Trading) Regulations, 2015

Regulatory Compliance and Documentation

The company has formally notified both major stock exchanges about the upcoming board meeting. Varvee Global Limited trades on BSE with scrip code 514274 and on NSE with symbol VGL. The notification was signed by Abira Mansuri, Company Secretary and Compliance Officer, ensuring proper adherence to disclosure requirements under SEBI regulations.

The company, formerly known as Aarvee Denims and Exports Limited, continues to maintain transparency in its corporate governance practices through timely regulatory filings and stakeholder communications.