VARVEE GLOBAL LIMITED — Board/Management Information 2020

Sep 2, 2020

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Date: 02.09.2020

To,The Manager (Listing)The Bombay Stock Exchange Ltd.Phiroze Jeejeebhoy Towers,Dalal Street,Mumbai – 400 001	To,The Manager (Listing)The National Stock Exchange of India Ltd“Exchange Plaza”Bandra-Kurla ComplexMumbai – 400 051

Company Code: 514274 (BSE) Company Code: AARVEEDEN (NSE)

SUB: OUTCOME OF BOARD MEETING HELD ON 2[ND] SEPTEMBER, 2020 UNDER REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURES REQUIREMENTS) REGULATIONS, 2015.

Dear Sir/ Madam,

With reference to the above subject, we would like to inform you that the Meeting of the Board of Directors of our Company was held today, i.e. on Wednesday, September 02, 2020 through video conferencing mode and the following outcome was passed in the meeting:

1. Board had decided to make an application to the Registrar of Companies, Gujarat, for extension of date for holding the Annual General Meeting for the year 2019-2020. As you are aware that the due date for AGM would be on or before September 30, 2020. The Company is making an application for extension of date for holding the said AGM for 2 months.

Also we would communicate the result of the application as well as AGM particulars and related disclosures in due course of time.

1. Based on the recommendation of Nomination & Remuneration Committee, the Board of Directors had approved the Resignation of Mr. Rajesh P. Arora, (DIN:00092200) , as the Non Executive, Non Independent Director of the Company w.e.f. August 24, 2020. The Board of Directors and Nomination & Remuneration Committee, while accepting the resignation, placed on record their deep sense of gratitude and appreciation to Mr. Rajesh Arora for his distinguished service as the Director in the Company.

2. Due to COVID-19, the manufacturing unit of the company was closed since 5 Months (i.e. Close since last week of March, 2020). Now the Company has started their

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manufacturing plant from September 1, 2020 after taking all the safety measures due to this COVID-19 Pandemic.

The Meeting of Board of Directors of the Company commenced at 5:00 PM and concluded at 5:30 PM.

Kindly take the above on your record in pursuance of the provisions of the SEBI (LODR) Regulations, 2015.

Thanking You, Yours Faithfully,

For, AARVEE DENIMS & EXPORTS LIMITED

Darshakbhai Digitally signed by Darshakbhai Bharatbhai Bharatbhai Thaker Date: 2020.09.02 Thaker 17:50:33 +05'30'

Darshak Thaker

(Company Secretary & Compliance Officer) (M.No: A46919)