Jaimin Gupta Appointed CFO at Varvee Global; Abira Mansuri Resigns from Key Officer Roles
Varvee Global Limited, formerly known as Aarvee Denims and Exports Ltd, has announced significant changes in its senior leadership. The company approved the appointment of Mr. Jaimin Gupta as Chief Financial Officer (CFO) while acknowledging the resignation of Mrs. Abira Mansuri from her multiple key officer roles.Mr. Gupta was appointed as CFO with effect from July 29, 2026. This decision was made following recommendations from both the Nomination and Remuneration Committee and the Audit Committee.
Appointment Details: Jaimin Gupta
The Board of Directors approved Mr. Jaimin Gupta's appointment to Chief Financial Officer. Mr. Gupta brings extensive experience in finance, business strategy, corporate management, and the textile industry. He is also noted as the Chairman and Managing Director of the company.
Key details regarding the new CFO are summarized below:
| Particulars | Details |
|---|---|
| Name of Appointee | Mr. Jaimin Gupta |
| Position | Chief Financial Officer (CFO) |
| Date of Appointment | July 29, 2026 |
| Brief Profile Highlights | Nine years in the Textile Industry; Founder and owner of Stitched Textiles Limited (a leading Men's apparel retailing company); Director at VIRU Retail Pvt. Ltd.; Former CEO of Vaxtex Cotfab Limited (an NSE Emerge Listed textile fabric manufacturing company). |
Leadership Transition: Abira Mansuri Resignation
Mrs. Abira Mansuri tendered her resignation from the positions of Company Secretary, Compliance Officer (Key Managerial Personnel), and Nodal Officer of the company due to better career opportunities.
Her departure is effective as of close of business hours on July 29, 2026.
Details regarding Mrs. Mansuri’s tenure cessation are provided in the table below:
| Event Details | Information |
|---|---|
| Resigning Officer | Mrs. Abira Mansuri |
| Positions Relinquished | Company Secretary, Compliance Officer (Key Managerial Personnel), and Nodal Officer |
| Date of Cessation | July 29, 2026 |
| Reason for Change | Pursuing an alternate career opportunity |
VGL Stock Price Movement
Today, VARVEE GLOBAL LIMITED edged higher, closing at ₹61.07 after gaining 0.34%. The stock traded within its intraday range of ₹60.61 to ₹62 on a volume of 10,979 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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