VARVEE GLOBAL LIMITED — AGM Information 2021

Sep 29, 2021

Regd. Office: 191, Shahwadi, Narol - Sarkhej Highway, Nr. Old Octroi Naka, Narol, Ahmedabad.-382405. Ph: +91-79-30417000, 30017000 Fax: +91-79-30417070 CIN: L17110GJ1988PLC010504 E-mail: info@aarvee-denims.com . Website: www.aarvee-denims.com

Date: 29.12.2021

To. The Manager (Listing) The Bombay Stock Exchange Ltd. 1^st Floor, PhirozeJeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Company Code: 514274 (BSE)

To, The Manager (Listing) The National Stock Exchange of India Ltd "Exchange Plaza", 5^th floor, Plot No. C/1, G-Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 Company Code: AARVEEDEN (NSE)

Dear Sir/Madam.

Sub: Proceedings of the 32^nd Annual General Meeting Pursuant to Regulation 30 of the (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are informing the proceedings of 32^nd Annual General Meeting of members of the Company held on Wednesday, 29^th September, 2021 at 11.00 a.m. through audio video mode (concluded at 11:30 a.m.).

The Meeting was well attended and had the requisite quorum. Mode of Voting is through

Remote E-Voting (through NSDL and CDSL).

Further, The Company had appointed M/S Tapan shah and Associates, Practicing Company Secretaries, (Membership No. FCS 4476, CP No. 2839) as the Scrutinizer to scrutinize the remote E-voting and e-Voting done during the Meeting.

The Members discussed the Financial and Operating Performance of the Company for the Financial Year 2020-21.

The following businesses as set in the notice calling for the 32^nd Annual General Meeting was transacted and all the Six (6) resolutions were passed with the requisite majority.

1. Standalone and consolidated financial accounts of the Company for the financial year ended 31st March 2021 including audited Balance Sheet as at 31st March 2021, Statement of Profit & Loss and Cash flow statement for the year ended on that date and the report of the Auditors and Directors thereon were approved by the shareholders

2. Shareholders approved the Re-appointment of Mr. Vinod P. Arora, (DIN: 00007065) as Director of the Company who retires by rotation.

3. Shareholders approved the re-appointment of Mr. Nipun Arora, (holding DIN 00989835) as Whole Time Director, for a period of three years with effect from 11th August, 2021.

4. Shareholders approved the Cost Auditors' Remuneration.

Regd. Office: 191, Shahwadi, Narol - Sarkhej Highway, Nr. Old Octroi Naka, Narol, Ahmedabad.-382405. Ph: +91-79-30417000, 30017000 Fax: +91-79-30417070 CIN: L17110GJ1988PLC010504 E-mail: info@aarvee-denims.com . Website: www.aarvee-denims.com

1. Shareholders approved the sale of certain windmills of the company.

2. Shareholders approved the sale of substantial part of undertaking (Spinning Unit) of the Company

The voting results will be notified separately to the Stock Exchange in the format prescribed under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the same will be uploaded on Company's website.

Kindly take the aforesaid on your records.

Thanking You,

Yours faithfully, For, Aarvee Denims and Exports Limited

Rahul Makwana Company secretary