Varvee Global Strengthens Strategic Leadership in Corporate Executive Update

AHMEDABAD, India — Varvee Global Limited announced on July 29, 2026, that its Board of Directors has approved the appointment of Chairman and Managing Director Jaimin Gupta as the company's new Chief Financial Officer (CFO). The strategic executive appointment took effect immediately on July 29, 2026, following recommendations from the company's Nomination and Remuneration Committee and Audit Committee.

Concurrently, the Ahmedabad-headquartered textile firm disclosed that Mrs. Abira Mansuri has resigned from her roles as Company Secretary, Compliance Officer, and Nodal Officer, effective at the close of business hours on July 29, 2026, to pursue outside career opportunities.

Executive Restructuring and Dual Governance Role

The dual management structure expands Mr. Gupta's operational oversight across corporate strategy, financial management, and board governance. The decisions were finalized during a Board of Directors meeting held between 6:20 P.M. and 6:35 P.M. on July 29, 2026.

According to regulatory filings submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mr. Gupta brings nine years of corporate experience across the textile manufacturing and apparel retail sectors. He is the founder and owner of menswear apparel firm Stitched Textiles Limited and serves as a Director at VIRU Retail Pvt. Ltd., a joint venture with cricketer Virender Sehwag’s "World of Viru" for the "VS" brand. He previously served as Chief Executive Officer of NSE Emerge-listed Vaxtex Cotfab Limited.

Departure of Key Managerial Personnel

In a parallel disclosure, Varvee Global Limited (formerly known as Aarvee Denims and Exports Limited) submitted details regarding the departure of Mrs. Abira Mansuri.

In her formal resignation letter addressed to the Board of Directors, Mrs. Mansuri confirmed stepping down from her responsibilities to pursue alternate career opportunities outside the organization. The company stated that it will complete regulatory filings with stock exchanges and the Registrar of Companies (ROC) to formalize the transition.

Corporate Context and Operations

Varvee Global Limited operates core textile and fabric manufacturing facilities with its registered office situated at Narol in Ahmedabad, Gujarat. The firm changed its corporate identity from Aarvee Denims and Exports Limited as part of its ongoing operational repositioning.

The consolidation of financial management under Chairman Jaimin Gupta aligns executive oversight during a period of market readjustment for regional textile producers.

Impact on Investors and Regulatory Compliance

The top-level leadership changes carry governance implications for shareholders and capital markets:

• Board Governance: Jaimin Gupta's dual roles as Chairman, Managing Director, and Chief Financial Officer centralize corporate capital management and operational execution.

• Compliance Management: The resignation of the Company Secretary and Compliance Officer creates an administrative vacancy that the board will fill to maintain SEBI compliance standards.

• Market Disclosures: Transparent reporting ensures capital market participants remain fully informed of changes in Key Managerial Personnel (KMP).

Official Sources Section

According to official regulatory filings submitted under SEBI Listing Regulations, Varvee Global Limited formally communicated the outcome of its board meeting to market regulators. Disclosures and corporate notices can be verified on the official portals of BSE Limited, the National Stock Exchange of India Limited, and the Varvee Global Corporate Portal.

Quote Section

"The Board of Directors, on the recommendation of the Nomination and Remuneration Committee and Audit Committee, has approved the appointment of Mr. Jaimin Gupta as a Chief Financial Officer of the Company with effect from July 29, 2026," stated Varvee Global Limited in its regulatory submission to stock exchanges.

Why It Matters

Appointing Jaimin Gupta as CFO consolidates financial and operational decision-making under the executive leadership of the Chairman and Managing Director. Managing KMP transitions systematically ensures continuity in financial reporting and compliance operations under SEBI regulations.

Key Facts at a Glance

• New CFO: Chairman and Managing Director Jaimin Gupta appointed as Chief Financial Officer on July 29, 2026.

• Outgoing KMP: Company Secretary, Compliance Officer, and Nodal Officer Abira Mansuri resigned effective July 29, 2026.

• Industry Background: Jaimin Gupta possesses 9 years of experience across textile manufacturing and consumer apparel.

• Corporate Entity: Varvee Global Limited was formerly known as Aarvee Denims and Exports Limited.

Frequently Asked Questions (FAQ)

Who has been appointed as the new Chief Financial Officer of Varvee Global?

Chairman and Managing Director Jaimin Gupta was appointed as the Chief Financial Officer (CFO) of Varvee Global Limited effective July 29, 2026.

Why did Abira Mansuri resign as Company Secretary of Varvee Global?

Mrs. Abira Mansuri submitted her resignation to pursue alternate career opportunities outside the organization.

What was the former name of Varvee Global Limited?Varvee Global Limited was formerly known as Aarvee Denims and Exports Limited.

Source: BSE Limited, National Stock Exchange of India Limited, Varvee Global Corporate Website