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.

Varvee Global Limited announced the release of its comprehensive investor presentation for Q3FY26 and nine months ended December 31, 2025, pursuant to Regulation 30 of SEBI Listing Regulations. The presentation showcases the company's strategic transformation from operational turnaround to high-velocity growth phase, highlighting sector-leading margins and fortified capital structure.

Strong Financial Performance Across Key Metrics

The company delivered impressive financial results with significant improvements across all major parameters:

Regulatory Compliance and Presentation Details

The investor presentation was submitted to BSE Limited and National Stock Exchange of India Limited on February 16, 2026, in compliance with regulatory requirements. Company Secretary Abira Mansuri confirmed the presentation's availability on the company website at www.varveeglobal.com , ensuring transparent communication with stakeholders.

Strategic Portfolio Transformation and Capacity Expansion

The presentation highlighted the company's deliberate shift from legacy denim toward value-added Non-Denim Shirtings and Suitings, resulting in substantial margin improvements. The 9M gross margin of 84.49% represents a complete turnaround from negative margins in the prior year, demonstrating superior unit economics of the new product mix.

Management Vision and Market Positioning

Chairman & Managing Director Mr. Jaimin Gupta emphasized that the results reflect a fundamental turnaround in VGL's earning capability, with 9M gross margins of 84.5% and positive 9M EBITDA proving the success of the premium non-denim fabric strategy. The management remains committed to compounding free cash flow and maintaining a debt-free balance sheet while capturing expanding opportunities in the Indian textile market.

The company operates primarily from its Narol facility in Ahmedabad, delivering end-to-end in-house capabilities from yarn production to finishing. With the Indian textile market projected to reach USD 250 billion by 2030-31, Varvee Global is positioning itself to capture high-margin demand through its expanded production capacity and strategic focus on value-added fabrics.