Vardhman Acrylics Limited shareholders have approved a proposal to enter into related party transactions, with the resolution securing 99.92% of the votes cast in favour. The decision was finalized through a remote e-voting process that concluded on June 26, 2026, following a notice issued on May 2, 2026. The approval is subject to the provisions of Section 110 of the Companies Act, 2013 and Regulation 44 of the SEBI Listing Regulations.

The postal ballot process was overseen by M/s Khanna Ashwani & Associates, Practicing Company Secretaries, who were appointed as the scrutinizer by the Board on May 2, 2026. The voting period commenced on May 28, 2026, and concluded on June 26, 2026. A total of 117 members participated, representing 1,102,391 shares, which constituted 1.37% of the company's total paid-up share capital.

Voting Results Breakdown

The resolution required an ordinary majority and was passed with the requisite approval. The detailed voting pattern across different shareholder categories is outlined below.

The scrutinizer's report confirmed that the resolution was deemed to be passed on the last date of e-voting. The company has submitted the report to the National Stock Exchange of India Limited for information and records. The record date for determining eligibility was May 22, 2026.

Vardhman Acrylics Limited has commenced the remote e-voting process to secure shareholder approval for related party transactions amounting to ₹177 crore for the financial year 2026-27. The resolution seeks consent for material transactions with Vardhman Textiles Limited, which holds a 70.74% stake in the company. The proposed transactions include the sale of goods, purchase of fixed assets, and the reimbursement of common corporate expenses.

The company’s Board approved the proposal on May 2, 2026. Vardhman Textiles Limited is identified as the largest consumer of the acrylic fibre manufactured by the company, accounting for approximately 30% of its production over the last three years. The management stated that all transactions have been conducted at prevailing market prices and on an arm’s length basis.

The necessity for this approval arises from Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates prior shareholder consent for material related party transactions. Although shareholders had previously granted an omnibus approval on June 25, 2025, an amendment to the regulations limits such approvals to a one-year duration, necessitating a fresh resolution.

The detailed breakdown of the proposed transactions for FY 2026-27 includes a sale of goods valued at ₹173 crore, which is the primary component. Other proposed financial engagements include the purchase of goods at ₹0.20 crore, purchase of fixed assets at ₹1 crore, and the reimbursement of common corporate expenses at ₹2.70 crore. The total value of these transactions represents 55.56% of the company’s annual consolidated turnover for the immediately preceding financial year.

For the financial year 2025-26, the total transactions undertaken with Vardhman Textiles Limited amounted to ₹114.52 crore. The company reported that there were no defaults by the related party concerning any obligations during the previous financial year. The Audit Committee has reviewed the certification provided by the Whole Time Director and Chief Financial Officer and recommended the ordinary resolution for shareholder approval.

The remote e-voting facility is available from Thursday, May 28, 2026, at 09:00 a.m. IST until Friday, June 28, 2026, at 05:00 p.m. IST. The cut-off date to determine shareholder eligibility is Friday, May 22, 2026. M/s Khanna Ashwani & Associates has been appointed as the scrutinizer to oversee the voting process. The results of the postal ballot will be declared on or before June 30, 2026.