Vardhman Polytex reports related party transactions worth ₹101.97 lakh
Vardhman Polytex Limited disclosed related party transactions totaling ₹101.97 lakh for the half year ended March 31, 2026, in compliance with SEBI regulations. The transactions, ratified by the audit committee on May 29, 2026, included remuneration for key managerial personnel and dealings with entities where KMP exercise significant influence.
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Vardhman Polytex Limited disclosed related party transactions totaling ₹101.97 lakh for the half year ended March 31, 2026. The company submitted the details to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 23(9) of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. The audit committee ratified these transactions on May 29, 2026.
The transactions involved key managerial personnel and entities over which the company's Key Managerial Personnel (KMP) exercise significant influence. Mr. Adish Oswal, Chairman and Managing Director, received remuneration of ₹90 lakh during the period. Mrs. Manju Oswal, a Promoter and Non Executive Director, received a sitting fee of ₹0.33 lakh.
Oswal Industrial Enterprises, an entity over which KMP can exercise significant influence, recorded the highest transaction values. The company received rental income of ₹1.72 lakh and paid ₹2.47 lakh for job work. Additionally, an investment of ₹0.09 lakh was recorded in Oswal Industrial Enterprises, with an opening and closing balance of ₹0.09 lakh.
Vardhman Amarante Private, another entity where KMP hold significant influence, contributed ₹0.49 lakh through rental income and ₹0.03 lakh through the sale of goods or services. Super Lakshmi Enterprises provided rental income of ₹2.48 lakh. Oswal Infratech Private recorded sales of goods or services worth ₹0.35 lakh.
Ms. Aketa Oswal, a Promoter, received rent payments totaling ₹4.10 lakh. The audit committee approved the transactions, with no specific remarks noted in the filing. The total value of transactions during the reporting period was ₹101.97 lakh.
Related Party Transactions Summary
| Sr. No. | Counterparty | Relationship | Transaction Type | Value (₹ in Lakhs) | Ratified Value (₹ in Lakhs) |
|---|---|---|---|---|---|
| 1 | Mr. Adish Oswal | Chairman and Managing Director | Remuneration | 90.00 | 90.00 |
| 2 | Mrs. Manju Oswal | Promoter and Non Executive Director | Sitting fee | 0.33 | 0.33 |
| 3 | Oswal Industrial Enterprises | KMP can exercise significant influence | Rental Income | 1.72 | 1.72 |
| 4 | Oswal Industrial Enterprises | KMP can exercise significant influence | Job work paid | 2.47 | 2.47 |
| 5 | Oswal Industrial Enterprises | KMP can exercise significant influence | Investment | 0.00 | 0.00 |
| 6 | Vardhman Amarante Private | KMP can exercise significant influence | Rental Income | 0.49 | 0.49 |
| 7 | Vardhman Amarante Private | KMP can exercise significant influence | Sale of goods or services | 0.03 | 0.03 |
| 8 | Super Lakshmi Enterprises | KMP can exercise significant influence | Rental Income | 2.48 | 2.48 |
| 9 | Ms. Aketa Oswal | Promoter | Rent Paid | 4.10 | 4.10 |
| 10 | Oswal Infratech Private | KMP can exercise significant influence | Sale of goods or services | 0.35 | 0.35 |
| Total | 101.97 | 101.97 |
Historical Stock Returns for Vardhman Polytex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.60% | +10.42% | +2.01% | +6.29% | -41.80% | +338.27% |
How will the level of KMP remuneration impact the company's operational cost structure in the upcoming fiscal year?
Are there plans to expand the scope of job work with Oswal Industrial Enterprises in the second half of the fiscal year?
Will the company seek to diversify its rental income sources beyond current related party entities to mitigate concentration risk?
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