VARVEE GLOBAL LIMITED has informed the Exchange regarding 'Intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Resignation of Chief Financial Officer of the Company'.

CFO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

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

+9.1%Reaction day

₹50.86

prior close

₹50.86

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.1%+8.1% vs market

Other Textile Products peers, median of 178sector+1.7%+7.4% vs sector

On the reaction day the stock moved 8.1 pts more than Nifty Microcap 250 and 7.4 pts more 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

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Reaction day

+9.1+1.1+8.1+1.7+7.4

Next day

+15.5+1.4+14.1+1.9+13.5

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+19.0+18.9+0.1+13.9+5.1

+36.7+17.7+19.0+8.2+28.5

+27.9+27.5+0.4+9.1+18.7

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 178Pending

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

AI summary

Varvee Global Limited has announced the resignation of Mr. Jignesh Parmar as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The resignation was tendered on 2nd April 2026, with his last working day being 30th April 2026. According to the filing, the reason for resignation is better opportunities elsewhere. The company has confirmed that there is no other material reason behind the departure. The company will need to file necessary regulatory forms to update this change with the Registrar of Companies.

Likely market impact

The departure of the CFO may create a short-term governance concern as the company needs to identify and appoint a replacement. The stated reason of better opportunities suggests a routine resignation, but any extended vacancy in the CFO position could impact investor confidence.