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.

Varvee Global Limited (formerly known as Aarvee Denims and Exports Ltd) announced the successful completion of its postal ballot voting process, with all four proposed resolutions receiving overwhelming shareholder approval. The company notified BSE Ltd (Company Code: 514274) and National Stock Exchange of India Ltd (Company Code: VGL) of the voting outcomes on February 20, 2026.

Postal Ballot Overview

The postal ballot process was conducted under the supervision of Mr. Tapan Shah (CS: 4476), who served as the scrutinizer. The voting period remained open from January 21, 2026, at 9:00 AM to February 19, 2026, at 5:00 PM, with the record date set as January 16, 2026.

Resolution-wise Voting Results

All four resolutions received strong shareholder support, with voting percentages exceeding 99% in favor for each proposal.

Share Subdivision and Capital Structure Changes

The first two ordinary resolutions related to share subdivision and capital clause alteration received identical voting patterns:

Executive Remuneration Approvals

Two special resolutions for revising director remuneration also secured approval:

Voting Participation Analysis

The postal ballot witnessed significant participation from the promoter group, while public participation remained moderate. Promoter and promoter group voting varied across resolutions, with the highest participation in Resolution 1 and 2 at 99.71% of their holdings.

Regulatory Compliance

The postal ballot was conducted in accordance with Section 110 read with Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer's report confirmed that all procedural requirements were met, and the voting process was conducted fairly and transparently.

Company Secretary Abira Mansuri signed the formal communication to stock exchanges, ensuring full regulatory compliance and stakeholder transparency. The voting results and scrutinizer's report are available on the company's website for shareholder reference.