VARVEE GLOBAL LIMITED has informed the Exchange regarding 'Revision Resignation of Mr. Kandarp Trivedi as Independent Director of the Company'.

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Price reactionminutes from the announcement price · days from the prior close

-9.3%Reaction day

₹71.00

prior close

₹67.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-2.7%-6.7% vs market

Other Textile Products peers, median of 182sector-2.3%-7.0% vs sector

On the reaction day the stock moved 6.7 pts less than Nifty Microcap 250 and 7.0 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-9.3-2.7-6.7-2.3-7.0

Next day

-8.5-1.6-6.8-1.4-7.0

-8.5-1.7-6.7-1.7-6.7

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15d

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-7.2+14.7-21.9+3.5-10.7

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 182Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Kandarp Trivedi (DIN: 00314065) has resigned as Independent Director of Varvee Global Limited effective close of business hours on March 2, 2026, citing other professional commitments and personal reasons. He also stepped down as Chairman and member of the Stakeholder Grievance & Relationship Committee, Nomination and Remuneration Committee, and Audit Committee. Mr. Trivedi confirmed that there are no other material reasons for his resignation. He continues to serve as a director on the board of Asian Granito India Limited. The Board has recorded its appreciation for his contribution during his tenure.

Likely market impact

This is a routine independent director exit for personal reasons with no governance red flags, so the near-term impact on the stock is likely minimal. However, investors should watch for timely appointment of a replacement independent director to ensure board composition complies with SEBI Listing Regulations.