Varvee Global Bags ₹12.08 Crore Suiting Fabric Order; Shares Slip 0.77%

Mumbai, June 9: Varvee Global has secured a domestic purchase order worth around ₹12.08 crore for the supply of suiting fabrics, giving the textile manufacturer fresh execution visibility for the current quarter.

The order has been awarded by Meet Synthetics Private Limited and involves supply of nearly 9 lakh metres of suiting fabric, according to the company’s exchange filing submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Varvee Global said the contract is domestic in nature and will be executed over a period of three months.

The company, formerly known as Aarvee Denims and Exports Limited, continues to expand its presence in the fabric supply segment at a time when textile companies are closely tracking demand recovery in the domestic market.

Stock Market Snapshot

Varvee Global share price remained under pressure even after the company announced the new business win.

The stock was trading at ₹68.63, down 0.77%, as of 12:28 IST on June 09, 2026, according to market data.

While the order adds incremental revenue visibility, broader sentiment in textile counters remained mixed during the session. Investors have been watching order inflows and execution pipelines closely as companies navigate changing raw material costs and demand conditions across the apparel supply chain.

Order Adds Near-Term Revenue Visibility

The latest contract is expected to support the company’s near-term order book, particularly in the suiting fabric category where institutional and bulk supply orders continue to contribute significantly to volumes.

According to the filing, the scope of work includes supply of suiting fabrics under standard commercial terms. Billing will be carried out as per agreed contractual conditions during the execution phase.

The company also clarified that the transaction does not involve related party arrangements and promoter group entities do not have any interest in the awarding company.

Textile Sector Continues To Track Demand Recovery

Varvee Global operates in the textile and fabric manufacturing segment, with operations spanning fabric processing and textile supply activities.

The latest order reflects continued procurement activity from domestic buyers despite uneven trends across the textile sector over recent quarters. Market participants remain focused on capacity utilisation, order execution and margin stability as textile companies position for demand improvement in FY26.

Source:

• https://www.nseindia.com/get-quote/equity/VGL/VARVEE-GLOBAL-LIMITED
• https://nsearchives.nseindia.com/corporate/AARVEEDEN_09062026120951_Reg_30_Press_Release.pdf