Stock split record date fixed at March 02, 2026 (1 share of Rs 10 into 2 of Rs 5)
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On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 2.9 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Varvee Global Limited (formerly Aarvee Denims and Exports) has fixed March 02, 2026 as the record date for sub-dividing equity shares. Each share of face value Rs. 10 will be split into 2 shares of face value Rs. 5 each, fully paid-up, ranking pari-passu. The split was approved by shareholders via postal ballot on February 19, 2026. Total share count will double while overall market capitalisation remains unchanged.
Each existing share becomes 2 shares at half the face value, improving liquidity and affordability. No change in company value.