Regulation 44 Disclosure: Varvee Global Limited 37th AGM Voting Results

Meeting Details

  • Date of Meeting: September 30, 2026
  • Meeting Type: 37th Annual General Meeting (AGM)
  • Location: Conducted through Video Conferencing (VC) / Other Audio Video Means (OAVM) mode
  • Start Time: 03:30 P.M.
  • End Time: 03:50 P.M.
  • Record Date: September 23, 2026
  • Total Shareholders on Record Date: 9,509

Proposed Resolutions and Implications

The AGM considered eight ordinary resolutions:

1. Resolution 1: Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, including Balance Sheet, Profit & Loss Account, Cash Flow Statement, and reports of Statutory Auditors and Board of Directors

2. Resolution 2: Reappointment of Mr. Tarachand Agrawal (DIN: 00465635) as Whole Time Director retiring by rotation

3. Resolution 3: Approval of material related party transaction with M/s. Yarn Syndicate Limited

4. Resolution 4: Approval of material related party transaction with M/s. Stitched Textiles Limited

5. Resolution 5: Approval of material related party transaction with M/s. Qmin Industries Limited

6. Resolution 6: Approval of material related party transaction with M/s. Brand Cluster LLP

7. Resolution 7: Ratification of remuneration of Cost Auditors

8. Resolution 8: Appointment of Mr. Mithleshkumar M Agraval (DIN: 03468643) as Non-Executive Non-Independent Director (added via addendum dated September 21, 2026)

Voting Process and Methods

  • Remote E-voting Agency: National Securities Depository Ltd. (NSDL)
  • Remote E-voting Period: September 26, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • Voting at AGM: Electronic voting during meeting through NSDL platform
  • Physical Voting: No physical voting conducted
  • Cut-off Date: September 23, 2026 for determining voting entitlements

Key Voting Outcomes

Participation Statistics:
  • Total Members Voting: 64 members voted on items 1-7, 58 members voted on item 8
  • Promoter Group Attendance: 3 members via video conferencing
  • Public Attendance: 33 members via video conferencing
  • No members attended in person or through proxy
Resolution-wise Results:

Resolution 1 - Adoption of Financial Statements:

  • Total Votes Polled: 31,438,616 (61.03% of outstanding shares)
  • Votes in Favor: 31,445,816 (99.9974%)
  • Votes Against: 802 (0.0026%)
  • Passed: Yes

Resolution 2 - Reappointment of Director:

  • Total Votes Polled: 31,446,618 (61.03%)
  • Votes in Favor: 31,443,814 (99.9911%)
  • Votes Against: 2,804 (0.0089%)
  • Passed: Yes

Resolution 3 - Related Party Transaction (Yarn Syndicate):

  • Total Votes Polled: 31,446,618 (61.03%)
  • Votes in Favor: 31,445,816 (99.9974%)
  • Votes Against: 802 (0.0026%)
  • Passed: Yes

Resolution 4 - Related Party Transaction (Stitched Textiles):

  • Total Votes Polled: 31,446,618 (61.03%)
  • Votes in Favor: 31,445,816 (99.9974%)
  • Votes Against: 802 (0.0026%)
  • Passed: Yes

Resolution 5 - Related Party Transaction (Qmin Industries):

  • Total Votes Polled: 31,446,618 (61.03%)
  • Votes in Favor: 31,445,816 (99.9974%)
  • Votes Against: 802 (0.0026%)
  • Passed: Yes

Resolution 6 - Related Party Transaction (Brand Cluster LLP):

  • Total Votes Polled: 31,446,618 (61.03%)
  • Votes in Favor: 31,445,816 (99.9974%)
  • Votes Against: 802 (0.0026%)
  • Passed: Yes

Resolution 7 - Ratification of Cost Auditor Remuneration:

  • Total Votes Polled: 31,446,618 (61.03%)
  • Votes in Favor: 31,445,784 (99.9973%)
  • Votes Against: 834 (0.0027%)
  • Passed: Yes

Resolution 8 - Appointment of Additional Director:

  • Total Votes Polled: 30,360,930 (58.92%)
  • Votes in Favor: 30,360,128 (99.9974%)
  • Votes Against: 802 (0.0026%)
  • Passed: Yes

Shareholder Category Breakdown

Promoter and Promoter Group:

  • Shares Held: 33,818,510
  • Votes Polled: 29,147,388 (86.19% of promoter holdings)
  • All votes cast in favor for all resolutions

Public Institutions:

  • Shares Held: 0
  • No votes cast

Public Non-Institutions:

  • Shares Held: 17,710,168
  • Votes Polled: 2,299,230 (12.98% of public non-institution holdings)
  • Majority votes in favor across all resolutions

Scrutinizer's Role and Findings

  • Scrutinizer: Tapan Shah, Company Secretary (FCS 4476, CP No.: 2839)
  • Appointment Date: September 2, 2026
  • Responsibilities: Ensuring fair and transparent voting process, unblocking remote e-voting results, submitting comprehensive scrutinizer's report
  • Findings: All eight ordinary resolutions passed with requisite majority
  • Report Date: September 30, 2026

Compliance with Laws and Regulations

The disclosure confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • MCA General Circulars No. 20/2020, 2/2022, 10/2022, 09/2023, 09/2024, 03/2025
  • SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024

Additional Information

  • Company CIN: L13121GJ1988PLCO0103
  • Invalid Votes: 308,245 votes from Public Non-Institutions category for resolutions 1-7; 262,245 votes for resolution 8
  • Excluded Votes: Votes of Amrapali Fincap Limited (46,000 shares) and Khetawat Wealth Management Private Limited (262,245 shares) not considered as corporate bodies did not provide resolution to vote
  • Related Party Exclusion: Votes of Mr. Tarachandbhai Agrawal (2,345,980 shares) and Mr. Jaimin Kailash Gupta (26,801,408 shares) excluded from related party transaction resolutions (3-6) as they are related parties