Variman Global Enterprises Limited has announced the resignation of Mrs. Priyanka Agarwal from her position as Company Secretary & Compliance Officer, effective from the close of business on January 28, 2026. The company informed BSE Limited about this key personnel change in compliance with regulatory requirements.

Resignation Details

Mrs. Priyanka Agarwal submitted her resignation letter on January 28, 2026, citing pursuit of a better career opportunity as the reason for her departure. The resignation became effective immediately from the close of business on the same date.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by D. Sirish, Managing Director (DIN: 01999844), and submitted to BSE Limited on January 28, 2026.

In her resignation letter addressed to the Board of Directors, Mrs. Agarwal expressed gratitude to the Board and management for their trust, guidance, and cooperation during her tenure. She confirmed that there were no material reasons for her resignation other than the career opportunity mentioned.

Company Operations

Variman Global Enterprises Limited operates from its corporate office in Hyderabad and maintains branches across multiple locations including Vijayawada, Tirupati, Chennai, and Mumbai. The company trades on BSE under scrip code 540570.

The resignation represents a routine personnel change as the company continues its business operations across various locations in Andhra Pradesh, Telangana, Tamil Nadu, and Maharashtra.

Variman Global Enterprises Limited has officially announced the withdrawal of its proposal to acquire 7,600 equity shares of Cultnerd IT Solutions Private Limited. The company communicated this decision to BSE Limited through an official letter dated December 10, confirming the lapse of the preferential issue on swap basis.

Official Communication Details

Key Points of the Withdrawal

Background of the Proposal

The acquisition proposal was initially approved through a special resolution passed at an Extraordinary General Meeting of Variman Global Enterprises Limited on July 5. The plan involved a share-swap arrangement, representing a strategic move to expand the company's presence in the IT solutions sector.

Reasons for Non-Materialization

According to the official communication, the preferential issue on swap basis did not materialize despite receiving in-principle approval from BSE Limited on November 24. The company's letter indicates that the proposal has now lapsed, leading to the formal withdrawal announcement.

Corporate Governance and Compliance

The withdrawal announcement demonstrates Variman Global's commitment to transparent communication with regulatory authorities and stakeholders. The company's Managing Director D. Sirish digitally signed the official communication, ensuring proper authorization and compliance with regulatory requirements.

The company maintains its corporate office at Gagan Mahal, Hyderabad, and continues to keep stakeholders informed about significant corporate developments through proper channels.