Updates

Date: 07.07.2026 The Manager (Listing) The Manager (Listing) The BSE Ltd. The National Stock Exchange of India Ltd PhirozeJeejeebhoy Towers, “Exchange Plaza” Dalal Street, Bandra-Kurla Complex Mumbai – 400 001 Mumbai – 400 051 Company Code: 514274 (BSE) Company Code: VGL (NSE) Sub.: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Incorporation of Wholly-owned Subsidiary We refer to our disclosure dated May 27, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (11 SEBI Listing Regulations"), related to proposed incorporation of wholly-owned subsidiary (WoS). Further to the aforesaid disclosure, we are pleased to inform you that, pursuant to the approval granted by the Registrar of Companies, the Company's wholly-owned subsidiary, Varvee Energy Private Limited, has been incorporated on July 07, 2026. The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/CFD/PoD2/P/CIR/2026/37 dated January 30, 2026, are enclosed herewith as Annexure A. We request you to take the above information on record and disseminate the same on your respective websites for the information of all stakeholders. Thanking you, Yours faithfully For, Varvee Global Ltd (formerly known as Aarvee Denims and Exports Ltd) Abira Mansuri Company Secretary Encl: As above Annexure-A Details required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026: Sr. No. Particulars Details 1 Name of the entity, date & Name of entity: VARVEE ENERGY country of PRIVATE LIMITED incorporation, etc.; Date of Incorporation: 07.07.2026 Country of Incorporation: India 2 Name of holding company of the Varvee Energy Private Limited, will incorporated become a Wholly-owned Subsidiary company and relation with the listed of Varvee Global Limited (“the entity; Company”) and consequently a related party in terms of applicable regulations. 3 Industry to which the entity being Renewable energy acquired belongs; 4 Brief background about the entity The Company has been incorporated incorporated to undertake business in the renewable in terms of products / line of energy sector, including, inter alia, business; generation, transmission, distribution, supply, trading, storage and other allied activities relating to renewable energy and sustainable energy solutions. 5 Brief details of any governmental or The Company has been incorporated regulatory upon receipt of the Certificate of approvals required for the Incorporation from the Registrar of incorporation; Companies. No other governmental or regulatory approvals are required for the incorporation 6 Nature of consideration - Subscription to the share capital is by whether cash way of cash consideration through consideration or share swap and banking channels. The Company has details of the same; subscribed to the initial paid-up share capital of Rs. 10,00,000/- (Rupees Ten Lakhs only). 7 Cost of subscription / price at which Equity Shares have been subscribed at the shares their face value of Rs. 10/- per equity are subscribed; share. 8 Percentage of shareholding / Varvee Global Limited holds 100% of control by the the paid-up share capital of Varvee listed entity and / or number of shares Energy Private Limited, comprising allotted. 1,00,000 Equity Shares of Rs. 10/- each, thereby making it a wholly- owned subsidiary of the Company.