VGL

- Varvee Global Limited incorporated a wholly-owned subsidiary, Varvee Energy Private Limited, on July 07, 2026. - The new subsidiary will operate in the renewable energy sector. - Varvee Global Limited holds 100% of the paid-up share capital, which is ₹10,00,000/-.

- Trading Window to remain closed from July 01, 2026. - Closure is until 48 hours after the declaration of financial results for Q1 ended June 30, 2026. - Board Meeting date for Q1 results will be intimated in due course.

- Order Win: Varvee Global Limited won order from Meet Synthetics Private Limited for supply of 9 lakh meters of suiting fabrics. - Order Value: ₹12.08 Crores. - Completion Timeline: 3 Months.

- Order Win: Varvee Global Limited secured a significant purchase order. - Order Value: ₹120.8 million for the supply of approximately 9 lakh meters of suiting fabrics. - Completion Timeline: Scheduled for execution over the next three months.

Varvee Global Limited (VGL) reported strong FY26 year-end results, with Revenue from Operations up 47.9% YoY and Gross Margin improving by 168.4 ppts to 65.1%. The company achieved bank debt-free status as of June 3, 2025, with borrowings reduced by approximately 97% YoY in FY26, leading to zero interest costs and low depreciation. A new management team led by Jaimin Kailash Gupta (CMD) took control, driving a successful financial and operational turnaround. India Ratings and Research assigned an 'IND BB/Positive' issuer rating. VGL increased non-denim fabric production capacity by 50% from 12 lakh to 18 lakh meters per month in FY26, with a long-term goal of 50 lakh meters per month to capture high-margin demand.

Standalone Revenue for Q4 FY26 was ₹23.38Cr vs ₹7.50Cr (▲211.7% YoY). EBITDA loss narrowed to ₹5.89Cr from ₹51.70Cr (improved by ₹45.81Cr YoY). PAT loss widened to ₹28.59Cr from ₹8.87Cr (worsened by ₹19.72Cr YoY). EBITDA Margin improved by 663.8 bps from -689.0% to -25.2%. The company reported strong FY26 revenue growth and full-year EBITDA turnaround, significant debt reduction, and a credit rating upgrade.

Standalone Revenue ₹23.38 Cr vs ₹7.50 Cr (▲211.7% YoY), EBITDA ₹(5.89) Cr vs ₹(51.70) Cr (▲88.6% YoY), PAT ₹(28.59) Cr vs ₹(8.87) Cr (▼222.3% YoY). EBITDA Margin improved to -25.18% from -689.04% (▲66386 bps). The Board also approved the incorporation of a wholly-owned subsidiary for renewable energy.