Varvee Global MD, chairman, board of directors and AGM
NSE: VGLBSE: 514274Textiles & ApparelsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹56.18.
- Under NSE's long-term additional surveillance, stage I, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹258 Cr2,083rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 22 Oct 2026
- 3.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 22 Oct 2026
- −25.4%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 22 Oct 2026
- −18.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026. The filing of 22 Oct 2026
- 0.05
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,58,58657.4% delivered
Varvee Global board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorJAIMIN KAILASH GUPTA
6 directors3 independent2 executive1 non-executive
- JAIMIN KAILASH GUPTA · Chairperson and managing directorExecutive · joined Jul 2025 · 14 months as independent · 1 listed board · 1 committee seat
- TARACHANDBHAI AGRAWALExecutive · joined Jul 2025 · 14 months as independent · 2 listed boards · 2 committee seats, 1 as chair
- MITHILESHKUMAR M.AGRAVALNon-executive · joined Sep 2026 · 0 months as independent · 2 listed boards
- AARTI N. THAKKARIndependent · joined Nov 2019 · reappointed Nov 2024 · 82 months as independent · 1 listed board · 1 as independent
- ANKIT MITTALIndependent · joined Apr 2024 · 29 months as independent · 1 listed board · 1 as independent · 2 committee seats
- RAVI JITENDRA MODIIndependent · joined Jul 2025 · 14 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 2 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
6 directors who left
- NIPUN VINODKUMAR ARORA, left 21 Sep 2026: Others
- KANDARP TRIVEDI, left 2 Mar 2026: Others
- VINOD PARMANAND ARORA, left 5 Jul 2025: Others
- ASHISH V SHAH, left 5 Jul 2025: Others
- KALPESH V SHAH, left 5 Jul 2025: Others
- HITEN M PARIKH, left 5 Jul 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 25 Sep 20266 of 6 present3 independent · 3 days in between
- 21 Sep 20265 of 6 present3 independent · 18 days in between
- 2 Sep 20265 of 6 present3 independent · 20 days in between
- 12 Aug 20265 of 6 present3 independent · 13 days in between
2 earlier meetings
- 29 Jul 20265 of 6 present3 independent · 62 days in between
- 27 May 20264 of 6 present3 independent
Audit Committee
Chair AARTI N. THAKKAR
ANKIT MITTAL, RAVI JITENDRA MODI
- 2 Sep 20263 of 3 present3 independent · 20 days in between
- 12 Aug 20263 of 3 present3 independent · 13 days in between
- 29 Jul 20263 of 3 present3 independent · 62 days in between
- 27 May 20263 of 3 present3 independent
Nomination and remuneration committee
Chair AARTI N. THAKKAR
ANKIT MITTAL, RAVI JITENDRA MODI
- 21 Sep 20263 of 3 present3 independent · 39 days in between
- 12 Aug 20263 of 3 present3 independent · 13 days in between
- 29 Jul 20263 of 3 present3 independent · 193 days in between
- 16 Jan 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair AARTI N. THAKKAR
JAIMIN KAILASH GUPTA, TARACHANDBHAI AGRAWAL
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- PANKAJ R SHAH AND ASSOCIATESPeer-review certificate valid to Sep 2027
1 earlier auditor
- Pankaj R Shah & AssociatesNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Varvee Global AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Varvee Global dividend history
Annual general meeting, 30 Sep 2026
9,509 shareholders on the register on 23 Sep 2026; present: 3 promoters and 33 others; votes counted by Tapan Shah / Tapan Shah.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone Financial Statements of the Company forthe Financial Year ended 31st March 2026 including Audited Balance Sheet as at 31st March 2026, Statement of Profit & Loss account together with the notes forming part thereof and Cash Flow statement for the year ended on that date and the report of the Statutory Auditors and the Board of Directors’ thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 61.03% · promoters 86.19% · institutions 0.00% · other public 12.98%
- To appoint a Director in place of Mr. Tarachand Agrawal, Whole Time Director (DIN: 00465635) who retires by rotation and being eligible, offers himself for reappointmentOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.12%
Turnout: all 61.03% · promoters 86.19% · institutions 0.00% · other public 12.98%
- APPROVAL OF MATERIAL RELATED PARTY TRANSACTION WITH ‘M/s. YARN SYNDICATE LIMITED’Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 61.03% · promoters 86.19% · institutions 0.00% · other public 12.98%
- APPROVAL OF MATERIAL RELATED PARTY TRANSACTION WITH ‘M/s. STITCHED TEXTILES LIMITEDOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 61.03% · promoters 86.19% · institutions 0.00% · other public 12.98%
- APPROVAL OF MATERIAL RELATED PARTY TRANSACTION WITH ‘M/s. QMIN INDUSTRIES LIMITED’Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 61.03% · promoters 86.19% · institutions 0.00% · other public 12.98%
- APPROVAL OF MATERIAL RELATED PARTY TRANSACTION WITH ‘M/s. BRAND CLUSTER LLP’Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 61.03% · promoters 86.19% · institutions 0.00% · other public 12.98%
- RATIFICATION OF REMUNERATION OF COST AUDITOROrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 61.03% · promoters 86.19% · institutions 0.00% · other public 12.98%
- To appoint Mr. Mithleshkumar M Agraval (DIN: 03468643) as Non-Executive Non-Independent DirectorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 58.92% · promoters 86.19% · institutions 0.00% · other public 6.85%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 20 Mar 2026, 1 resolution
9,957 shareholders on the register on 13 Feb 2026; votes counted by Mr. Tapan Shah / Mr. Tapan Shah.The company's voting result (opens in a new tab)
- Adoption of New Set of Articles of AssociationSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.52%
Turnout: all 65.23% · promoters 96.79% · institutions 0.00% · other public 5.16%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 19 Feb 2026, 4 resolutions
10,051 shareholders on the register on 16 Jan 2026; votes counted by Mr. Tapan Shah / Mr. Tapan Shah.The company's voting result (opens in a new tab)
- Approval For Sub-Division/ Split of Equity Shares of The CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 66.99% · promoters 99.71% · institutions 0.02% · other public 4.70%
- Approval for Alteration of the Capital Clause of the Memorandum of Association of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 66.99% · promoters 99.71% · institutions 0.02% · other public 4.70%
- To Approve the Revision/Increase in the Remuneration of Mr. Jaimin Kailash Gupta (DIN: 06833388), Chairman & Managing Director of the CompanySpecialPromoters have an interest in it99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 0.38%
Turnout: all 15.17% · promoters 20.75% · institutions 0.02% · other public 4.70%
- To Approve the Revision/Increase in the Remuneration of Mr. Tarachand Agrawal (DIN: 00465635), Whole Time Director of the CompanySpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.38%
Turnout: all 62.44% · promoters 92.77% · institutions 0.02% · other public 4.70%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Tax disputes and stakes in unlisted companies
Reported in the filing for the quarter to Sep 2026.
- Unlisted stake boughtVARVEE ENERGY PRIVATE LIMITEDSince 7 Jul 2026
99.99% bought in the quarter; holding 99.99%, from 0.00%
- Tax disputeCommissioner of Income Tax (Appeal)Since 17 Dec 2018Appeal effect order to be passed by the Department
- Tax disputeCommissioner of Income Tax (Appeal)Since 12 Mar 2013Appeal effect order to be passed by the Department
- Tax disputeAsst. CIT, Circle (International taxation)Since 30 Nov 2023appeal proceedings before CIT(A) (NFAC) are pending, and a detailed written submission along with the paper book has been filed. The matter is pending adjudication before the CIT(A).At the filing before: Appeal is pending before CIT(A)
- Tax disputeJt. Commissioner State Tax (Appeal) (2015-16)Since 26 Sep 2024Appeal effect order is to be passed based on order from joint commissioner office in favour of company
- Tax disputeAsst. Commissioner of State Tax (2016-17)Since 17 Feb 2021Demand would be finalised after appeal effect order of previous year.
- Tax disputeSTO (2) Mobile Squad Shamlaji (2018-19)Since 17 Nov 2018Appeal to Jt. Commissioner (A) State Tax is made and pending.
- Tax disputeIncome Tax NoticeSince 31 Mar 2026Reply to Notice given to IT Department
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2025. The company's results filing for the quarter to Sep 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesMay 2025 | – | – | – | No |