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Latest news about Varvee Global

Varvee Global Limited Postal Ballot Results: All Four Resolutions Approved 8 days ago

Varvee Global Limited announced successful completion of its postal ballot process with all four resolutions receiving overwhelming shareholder approval. The voting included share subdivision, capital clause alteration, and remuneration increases for Chairman & Managing Director Mr. Jaimin Kailash Gupta and Whole Time Director Mr. Tarachand Agrawal, with approval rates exceeding 99% for all proposals.

Varvee Global Releases Q3FY26 Investor Presentation Showcasing Strategic Transformation Feb 13, 2026

Varvee Global Board Approves 1:2 Equity Share Split and Key Corporate Actions Jan 16, 2026

Varvee Global Limited Approves 1:2 Equity Share Split and Key Corporate Changes Jan 16, 2026

Varvee Global Limited Schedules Board Meeting for January 16, 2026 to Consider Share Sub-Division and Q3FY26 Results Jan 12, 2026

More news about Varvee Global

05Jan 26

Varvee Global Increases Non-Denim Production Capacity to 18 Lakh Meters Monthly

Varvee Global Limited has expanded its non-denim production capacity by 6 lakh meters monthly, reaching 18 lakh meters total capacity for shirtings and suitings fabrics. The expansion, announced on January 5, 2026, represents a 50% increase and aligns with the company's strategic diversification goals under new management, with an ultimate target of 50 lakh meters monthly capacity.

31Dec 25

Infomerics Withdraws IVR D Issuer Rating for Varvee Global Limited Following Company Request

Infomerics Valuation and Rating Limited has withdrawn the IVR D issuer rating for Varvee Global Limited's bank facilities and fixed deposits following the company's formal request dated July 24, 2025. The company provided comprehensive no-due certificates from State Bank of India, Standard Chartered Bank, and Tata Capital Limited, along with auditor's undertaking regarding fixed deposits. Infomerics will announce the withdrawal through a press release and has advised the company to cease using the withdrawn ratings, while remaining open to providing future rating services if required.

13Nov 25

Varvee Global Reports Strong Q2 Results and Reveals Multi-Vertical Enterprise Vision

Varvee Global delivered impressive Q2 performance with revenue surging 79.80% to ₹278.31 crore and EBITDA margin at 49.75%. During analyst meeting, management revealed strategic pivot to non-denim fabrics and five-year vision to expand into infrastructure, renewable energy, and chemicals, leveraging debt-free status and operational expertise.

03Sept 25

Aarvee Denims & Exports Expands into Consultation and Advisory Services

Aarvee Denims & Exports Limited has announced the launch of a new Consultation and Advisory Division, expanding beyond its core textile manufacturing business. The new division will offer management, technical, and industry-specific services across various sectors. The company is also updating its Memorandum of Association, altering its object clause, and has appointed Shah & Shah Associates as Secretarial Auditors for a five-year term, subject to shareholder approval. The 36th AGM is scheduled to be held both virtually and physically.

18Aug 25

Aarvee Denims Reports Q1 Results: New Management, Debt-Free Status, and Strategic Shift

Aarvee Denims & Exports announced Q1 results, reporting a profit of Rs. 2,548.08 lakhs despite revenue decline. The company achieved debt-free status by repaying all bank loans. New management, led by Mr. Jaimin Kailash Gupta as Chairman & Managing Director, took control with a 65.63% shareholding. Operations continue at the Narol unit, focusing on denim and non-denim fabric production. The company aims to leverage its debt-free status and operational capabilities for future growth in the expanding Indian textile and denim markets.

14Aug 25

Aarvee Denims Reports Profit Amid Management Change and Debt-Free Status

Aarvee Denims & Exports Limited reported a profit of Rs. 2,548.08 lakhs for the quarter ended June 30, with revenue from operations at Rs. 1,353.12 lakhs. The company underwent a management change with Mr. Jaimin Kailash Gupta and associates acquiring a 60.81% shareholding. Aarvee Denims became bank debt-free on June 3 after repaying all outstanding loans. However, the company had no production of finished goods during the quarter and wrote off assets worth Rs. 80.43 lakhs due to dismantling of building structures on sold land.

07Aug 25

Aarvee Denims Promoters Release Over 3.3 Million Pledged Shares

Multiple promoters and promoter group entities of Aarvee Denims & Exports Limited have released share encumbrances totaling more than 3.3 million shares. The pledges, previously held with BOB Capital Markets Limited, were released on July 5 due to loan repayment. Ten entities, including Twenty First Century Marketing Ltd and Shipa Fabrics Pvt Ltd, released shares ranging from 0.02% to 4.92% of the total share capital. This action does not alter the promoters' shareholding but increases their unencumbered stake, potentially offering more financial flexibility.

25Jul 25

Aarvee Denims Plans Leadership Overhaul and Name Change to Varvee Global Limited

Aarvee Denims & Exports has scheduled an EGM for August 19, 2025, to seek shareholder approval for major changes. Proposals include appointing Jaimin Kailash Gupta as Chairman and Managing Director, Tarachand Gangasahay Agrawal as Whole-time Director, re-designating Nipun Vinodkumar Arora to Non-Executive Director, and appointing Ravi Jitendra Modi as Independent Director. The company also plans to rebrand as Varvee Global Limited. These changes aim to reshape the company's future direction in the textile industry.

22Jul 25

Aarvee Denims Promoters Offload 9.1 Million Shares in Significant Stake Reduction

Aarvee Denims & Exports saw a major reduction in promoter holdings as 29 entities, including individual promoters and companies, sold 9.1 million equity shares through off-market transactions on July 9-10, 2025. Key sellers included V.B. Investment Pvt. Ltd. (2,320,900 shares), Kashvi Investments Pvt. Ltd. (1,388,200 shares), and Twenty First Century Marketing Ltd. (1,154,250 shares). The company filed necessary disclosures under SEBI regulations. Despite the sale, the total equity share capital remains unchanged at 23,459,800 shares.