Varvee Global Limited has successfully completed the subdivision of its equity shares, with both major depositories confirming the credit of sub-divided shares under a new ISIN. The company informed the stock exchanges on March 05, 2026, about the completion of the share split process that was executed on March 03, 2026.

Share Subdivision Details

The subdivision involved splitting each equity share with a face value of ₹10 into two equity shares with a face value of ₹5 each. The sub-divided shares have been credited under the new ISIN INE273D01027 by both National Securities Depositories Limited (NSDL) and Central Depository Services (India) Limited (CDSL).

Depository Confirmations

NSDL processed the corporate action on March 03, 2026, through the company's registrar and transfer agent, MUFG INTIME INDIA PRIVATE LIMITED. The depository executed both debit and credit transactions for the share subdivision.

CDSL Processing Details

Central Depository Services (India) Limited also confirmed the successful processing of the subdivision on March 04, 2026. The depository handled 5,152 records involving the debit of 19,083,807 original shares and credit of 37,396,888 new shares with ₹5 face value.

Corporate Action Impact

The share subdivision maintains the total share capital value while doubling the number of shares in circulation. The authorized capital remains at ₹35,00,00,000, with the number of authorized shares increasing from 3,50,00,000 to 7,00,00,000. Similarly, both issued and paid-up capital maintain their value of ₹25,76,43,390 while the share count doubles to 5,15,28,678.

Regulatory Compliance

The company has fulfilled its regulatory obligations by informing both BSE (Company Code: 514274) and NSE (Company Code: VGL) about the completion of the subdivision process. This communication follows the company's earlier intimation dated February 20, 2026, regarding the proposed share split. The subdivision was executed under Regulation 30 requirements, ensuring proper disclosure to stakeholders and market participants.

Varvee Global Limited has announced the resignation of its Independent Director Mr. Kandarp Trivedi, effective from the close of business hours on March 02, 2026. The company informed both BSE and NSE about this development in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Kandarp Trivedi, holding DIN 00314065, submitted his resignation letter dated March 02, 2026, citing other professional commitments and personal reasons for his departure. The resignation becomes effective immediately from the close of business hours on the same date.

Impact on Board Committees

Consequent to his resignation as Independent Director, Mr. Trivedi will also cease to hold the following positions within the company's board committees:

• Chairman and member of the Stakeholder Grievance & Relationship Committee
• Member of the Nomination and Remuneration Committee
• Member of the Audit Committee

This departure will require the company to reconstitute these committees to ensure compliance with corporate governance requirements.

Other Directorships

As per the regulatory disclosure, Mr. Trivedi holds directorship in Asian Granito India Limited, another listed entity. In Asian Granito India Limited, he serves as:

• Chairman and member of the Audit Committee
• Member of the Nomination and Remuneration Committee
• Chairman of the Stakeholders Relationship Committee
• Member of the Risk Management Committee

Board's Acknowledgment

The Board of Directors has placed on record its appreciation for the valuable contribution and guidance provided by Mr. Kandarp Trivedi during his association with the company as an Independent Director. In his resignation letter, Mr. Trivedi confirmed that there are no other material reasons for his resignation beyond those mentioned.

Regulatory Compliance

Varvee Global Limited has completed all necessary regulatory disclosures as required under the Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has provided comprehensive details about the resignation and attached the original resignation letter as part of its disclosure to the stock exchanges. Company Secretary Abira Mansuri digitally signed the formal intimation letter on March 02, 2026.