Vardhman Polytex Limited has announced the creation of pledge and non-disposal undertaking by its promoters and promoter group entities under Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was made to both BSE Limited and National Stock Exchange of India Limited on April 10, 2026.

Pledge Creation Details

The pledge creation involves multiple promoter entities who have encumbered their shareholdings in favor of Catalyst Trusteeship Limited, which serves as the debenture trustee for debentures issued by the company. The pledge was created on April 07, 2026, as per an Unattested Share Pledge Agreement-cum-Non Disclosure Undertaking.

Key Promoter Holdings and Pledges

The disclosure covers 23 promoter entities, including individual promoters and corporate entities. The major stakeholders involved in the pledge creation include:

Individual and Corporate Promoters

The individual promoters involved include Mr. Adish Oswal, Mrs. Manju Oswal, Ms. Aketa Oswal, Mr. Abhinav Oswal, and Mrs. Rakhi Oswal. Additionally, Mrs. Manju Oswal holds shares in respect of shares held in the name of Late Sh. Ashok Kumar Oswal. The Ashok Oswal and Sons HUF is also part of the pledge arrangement.

Corporate Entities and Investment Companies

Multiple investment and trading companies within the promoter group have pledged their holdings, including:

• Kent Investments Private Limited
• Ruby Mercantile Company Private Limited
• Gagan Mercantile Company Private Limited
• Pioneer Mercantile India Private Limited
• Boras Investment and Trading Company Private Limited
• Adesh Investment and Trading Company Private Limited
• Liberty Mercantile Company Private Limited
• Nightingale Dealcom Private Limited
• Allepy Investment and Trading Company Private Limited
• Calgary Investment and Trading Company Private Limited
• Altfort Merchants Private Limited

Non-Disposal Undertaking for Warrants

In addition to the share pledges, the disclosure includes a non-disposal undertaking for 2,54,00,000 warrants pending conversion. Oswal Holding Private Limited has provided this undertaking for the entire warrant holding, representing 4.996% of the diluted share capital.

Regulatory Compliance

This disclosure ensures compliance with SEBI's substantial acquisition regulations, which require promoters to inform stock exchanges about any encumbrance created on their shareholdings. The pledge arrangement is part of the security structure for debentures issued by the company, with Catalyst Trusteeship Limited acting as the debenture trustee to protect the interests of debenture holders.

Vardhman Polytex has announced a significant corporate decision with its board of directors approving the sale of a substantial land asset in Ludhiana. The textile company's board has given its approval for the divestment of a 26 acre land parcel as part of its strategic asset optimization plan.

Strategic Asset Divestment

The board's decision to sell the Ludhiana land parcel represents a strategic move to unlock value from the company's real estate holdings. The 26 acre property is expected to generate substantial proceeds that will be channeled toward specific corporate objectives.

Fund Utilization Strategy

The company has outlined a clear roadmap for utilizing the proceeds from the land sale. The funds will be allocated toward two primary objectives that align with the company's financial and operational goals.

The proceeds will be used for:

• Repayment of existing liabilities
• Funding future growth plans and expansion initiatives

Financial Impact

This asset sale is expected to strengthen Vardhman Polytex's balance sheet by reducing its debt burden while simultaneously providing capital for growth investments. The dual approach of debt reduction and growth funding demonstrates the company's balanced approach to financial management and strategic planning.