Varvee Global Limited has announced a significant expansion of its production capabilities in the non-denim segment, as disclosed in its regulatory filing under Regulation 30 of SEBI regulations on January 5, 2026. The textile manufacturer has successfully increased its monthly production capacity by 6 lakh meters, bringing the total monthly capacity to 18 lakh meters specifically for non-denim products including shirtings and suitings fabrics.

Production Capacity Enhancement

The capacity expansion represents a substantial boost to the company's manufacturing capabilities in value-added textile products. The following table highlights the production enhancement:

This expansion demonstrates Varvee Global's commitment to scaling its operations in the non-denim segment as part of the new management's strategic focus on diversification beyond traditional denim products.

Strategic Expansion Goals

Beyond the current capacity enhancement, Varvee Global has outlined ambitious targets for future growth in the non-denim category. The company has set substantial expansion goals to strengthen its market position:

The non-denim segment expansion reflects the company's strategic diversification efforts under new management and its response to growing market demand for value-added textile products.

Management Commentary

Commenting on the development, Mr. Jaimin Kailash Gupta, Managing Director of Varvee Global Limited, said: "The increase in production capacity is an important step in our growth strategy. This expansion will help us meet rising customer demand, improve turnaround times, and further strengthen our position in the Non-Denims – Shirtings and Suitings Fabrics."

Operational Excellence and Implementation

The additional capacity has been achieved through optimisation of existing manufacturing facilities and implementation of improved production processes. This approach enables the company to scale operations while maintaining stringent quality standards. The expansion has been undertaken to address growing market demand while strengthening the company's manufacturing capabilities in specialized textile products.

With this expanded capacity, Varvee Global Limited is well positioned to enhance customer satisfaction and explore new business opportunities across markets. This development reflects the company's commitment to operational excellence, product innovation, and long-term sustainable growth in the competitive textile manufacturing sector.

Varvee Global Limited has received official notification from Infomerics Valuation and Rating Limited regarding the withdrawal of its credit rating. The rating agency has withdrawn the IVR D issuer rating that was previously assigned to the company's bank facilities and fixed deposits, with the withdrawal taking effect immediately.

Rating Withdrawal Details

The withdrawal was initiated following a formal request from Varvee Global Limited through a letter dated July 24, 2025. The company provided comprehensive documentation to support the withdrawal request, demonstrating its compliance with various financial obligations.

Regulatory Communication Process

Infomerics has confirmed that it will follow standard procedures for announcing the rating withdrawal. The rating agency will issue a press release to formally communicate this development to the market and stakeholders. This announcement will be made available to ensure transparency in the rating withdrawal process.

The rating agency has specifically instructed Varvee Global Limited to ensure that the withdrawn ratings are not used for any purpose whatsoever going forward. This directive is part of standard regulatory compliance requirements when ratings are withdrawn.

Future Rating Services

Infomerics has indicated its willingness to provide rating services to Varvee Global Limited in the future should the company require such services. The rating agency has kept the door open for potential future engagement, suggesting that the withdrawal was processed as a routine administrative matter rather than due to any adverse developments.

The communication was signed by Sapna Bagaria, Senior Rating Analyst, and Sandeep Khaitan, Director - Ratings, representing the official stance of Infomerics Valuation and Rating Limited on this matter.