Vardhman Polytex Limited has published its Postal Ballot Notice in newspapers pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed stock exchanges about the newspaper publication through a formal communication dated March 23, 2026.

Postal Ballot Notice Details

The company has published the Postal Ballot Notice in Financial Express (English) and Desh Sewak (Punjabi) newspapers dated March 21, 2026. The notice seeks shareholder approval on Special Resolutions as outlined in the postal ballot documentation.

Electronic Voting Process

The company has adopted an electronic-only voting process for this postal ballot. Hard copies of the Postal Ballot Notice along with Postal Ballot Forms and pre-paid business envelopes will not be sent to members, in accordance with various circulars issued by the Ministry of Corporate Affairs (MCA).

Shareholders holding shares in either physical or dematerialized form as on the cut-off date of March 13, 2026, are eligible to cast their votes electronically through the e-voting facility provided by CDSL. The remote e-voting module will be disabled after 5:00 p.m. IST on April 19, 2026.

Notice Availability and Support

The Postal Ballot Notice, along with explanatory statements pursuant to Section 102 of the Companies Act, 2013, has been sent via email to all members whose email addresses are registered with the company or Depository Participants. The notice is also available on:

• Company website: www.vpl.in
• BSE website: www.bseindia.com
• NSE website: www.nseindia.com
• CDSL website: www.evotingindia.com

For e-voting queries and support, shareholders can refer to the Frequently Asked Questions (FAQs) and e-voting manual available on CDSL's website, email helpdesk.evoting@cdslindia.com , or call 1800225533. Company Secretary Ajay K. Ratra is available for grievances related to e-voting at ajay.ratra@vpl.in .

Regulatory Compliance

The newspaper publication and electronic communication fulfill the company's obligations under SEBI regulations for postal ballot procedures. Once a member casts their vote on a resolution, they will not be allowed to change it subsequently. Only persons whose names are recorded in the register of members or beneficial owners maintained by depositories as on the cut-off date are entitled to use the remote e-voting facility.

Vardhman Polytex Limited has successfully completed the allotment of 65,00,000 equity shares following warrant conversion by promoter group entity Oswal Holding Private Limited, marking a significant milestone in the company's capital structure enhancement. The board meeting held on March 23, 2026, approved the conversion at Rs 12.55 per share, raising Rs 6,11,81,250 and increasing the company's paid-up equity share capital to Rs 46,53,94,004.

Warrant Conversion Details

The allotment represents conversion of 65,00,000 warrants from the original 7,24,50,000 convertible warrants issued on preferential basis on March 27, 2025. Oswal Holding Private Limited exercised its conversion rights by paying the balance 75% amount aggregating to Rs 6,11,81,250, completing the full issue price of Rs 12.55 per warrant.

Capital Structure Impact

Following this conversion, Vardhman Polytex's paid-up equity share capital has increased to Rs 46,53,94,004, consisting of 46,53,94,004 fully paid-up equity shares of Re 1 each. The newly allotted shares rank pari passu with existing equity shares, providing equal rights and privileges to the holder.

Outstanding Warrant Position

After the current conversion, Oswal Holding Private Limited retains 4,30,25,000 warrants pending conversion from its original allotment. These warrants carry conversion rights exercisable within 18 months from the original allotment date of March 27, 2025, providing flexibility for phased equity participation.

Regulatory Compliance Framework

The warrant conversion process adheres to SEBI (ICDR) Regulations, 2018, and SEBI (LODR) Regulations, 2015. The original warrant issue was structured with 25% upfront payment at allotment and 75% payment upon conversion exercise, ensuring compliance with preferential allotment norms for promoter group entities.

This warrant conversion demonstrates Vardhman Polytex's successful execution of its equity fundraising strategy, providing additional capital resources while maintaining promoter group participation in the company's growth trajectory.