Varvee Global Fixes March 2 As Record Date For ₹10 To ₹5 Share Split: Share Rises by 6.1% So Far

Varvee Global Ltd informed the exchanges it has fixed Monday, 2 March, 2026 as the record date for its equity share split, following shareholder approval via postal ballot on 19 February 2026 under Regulation 42 of the SEBI (LODR) Regulations, 2015.

Record Date Set For Sub-Division Of Equity Shares

Varvee Global Limited (BSE: 514274; NSE: VGL) confirmed in its February 20, 2026 communication to both the BSE and NSE that one fully paid equity share of face value ₹10 will be sub-divided into two fully paid equity shares of face value ₹5 each.

The approval was secured through a postal ballot process concluded on February 19, 2026. The company stated that the sub-division will rank pari passu in all respects with the existing equity shares.

The record date of March 2, 2026 has been fixed to determine the entitlement of members eligible for the corporate action. No book closure period has been declared for this purpose.

Under Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, listed entities are required to intimate exchanges of record dates for corporate actions including stock splits, bonuses and rights issues. The regulation prescribes prior notice timelines to ensure orderly settlement and investor awareness.

The company further undertook that the time gap between two record dates, where applicable, will be at least 30 days.

Stock Market Snapshot

As of 1:26 pm IST on March 2, 2026, share price of Varvee Global were trading at ₹68.35 on the NSE, up ₹4.30 or 6.71% from the previous close of ₹64.05, according to exchange data.

The stock opened at ₹68.68 and touched a high of ₹70.15 and a low of ₹62.89 so far in the session. The company’s market capitalisation stood at ₹330.02 crore at the time of reporting. Moves coincided with the record date for the subdivision, though exchanges do not attribute price movements to specific corporate actions.

Company Background

Varvee Global Limited, formerly known as Aarvee Denims and Exports Limited, operates in the textile segment with a focus on denim and related fabric manufacturing. The company is listed on both the BSE and the NSE under the scrip code 514274 and symbol VGL respectively.

Its equity shares carry a revised face value of ₹5 each post sub-division, subject to completion of corporate action formalities including credit of split shares in dematerialised form as per depository timelines.

Conclusion

The fixation of March 2, 2026 as the record date formalises the implementation phase of the 1:2 share split approved by shareholders earlier this month. Settlement adjustments and credit of subdivided shares are expected to proceed in accordance with depository and exchange schedules, as per the regulatory filing.

Source:

• https://www.bseindia.com/xml-data/corpfiling/AttachHis/981c1fa3-5bed-42ab-b909-0afe3e8ecca3.pdf
• https://www.nseindia.com/get-quote/equity/VGL/VARVEE-GLOBAL-LIMITED