VARVEE GLOBAL LIMITED (VGL) announced a significant decision following its Board Meeting on January 16, 2026. The Board has approved a sub-division of its equity shares, splitting each equity share of face value ₹10 into two equity shares of face value ₹5 each. This move aims to make shares more affordable and boost market liquidity, subject to shareholder and other necessary approvals. The company will intimate the record date for this split in due course.

Consequently, the Memorandum of Association's capital clause will be altered, and a postal ballot notice will be issued to seek member approval. Mr. Tapan Shah, Practicing Company Secretary, has been appointed as the Scrutinizer for the postal ballot process.

In terms of personnel changes, the Board accepted the resignation of Mr. Sanjay Vyas as Internal Auditor, effective November 30, 2025. Subsequently, M/s Jagetiya & Co, Chartered Accountants, has been appointed as the new Internal Auditor for the Financial Year 2025-26 to fill the casual vacancy. The Board also approved, based on the NRC Committee's recommendation and subject to shareholder approval, revisions in the remuneration of Mr. Jaimin Kailash Gupta, Managing Director, and Mr. Tarachand Agrawal, Whole Time Director.

The Board Meeting commenced at 4:15 PM and concluded at 4:30 PM on January 16, 2026.