VARVEE GLOBAL LIMITED has informed the Exchange regarding 'Intimation of credit confirmation of shares from Depositories with regard to sub-division / splitof equity shares of the Company'.
VGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Varvee Global Limited (formerly Aarvee Denims and Exports Ltd.) has completed the sub-division of its equity shares in a 2:1 ratio, with face value reduced from ₹10 to ₹5 per share. New shares have been credited to investor accounts in both NSDL and CDSL under the new ISIN INE273D01027, with the old ISIN INE273D01019 debited accordingly. The number of equity shares has doubled from 2.57 crore to 5.15 crore, while the total paid-up share capital remains unchanged at ₹25.76 crore. The split was executed on March 3, 2026, and confirmation letters from both depositories are enclosed with the filing.
Each existing shareholder now holds twice as many shares at half the per-share price, improving affordability and potentially boosting trading liquidity. Total market value and shareholders' proportional ownership remain unchanged.