Vardhman Textiles Limited has secured shareholder approval to appoint Mrs. Suchita Jain as Vice-Chairperson and Managing Director and Mr. Neeraj Jain as Managing Director for a five-year term effective from April 1, 2026. The resolutions were passed through a remote e-voting process that concluded on June 25, 2026, with over 99.9% of votes cast in favour of both appointments. The company disclosed the outcome in a filing submitted to BSE Limited and The National Stock Exchange of India Ltd.

The approval was granted pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 110 of the Companies Act, 2013. M/s Khanna Ashwani & Associates, Practicing Company Secretaries, served as the scrutinizer for the postal ballot process. The record date for the voting was May 22, 2026.

A total of 240,537,243 votes were polled regarding the appointment of Mrs. Suchita Jain, representing 83.15% of the total paid-up share capital. For the appointment of Mr. Neeraj Jain, 240,537,143 votes were polled, representing 83.15% of the total paid-up share capital. The scrutinizer's report confirmed that the resolutions were passed with the requisite majority.

Voting Results Summary

Mrs. Suchita Jain holds a Director Identification Number (DIN) 00746471, while Mr. Neeraj Jain holds DIN 00340459. The decision was communicated by Sanjay Gupta, Company Secretary of Vardhman Textiles Limited.

Vardhman Textiles Limited has executed an Amended Share Subscription and Shareholders' Agreement with Renew Green Energy Solutions Private Limited and Renew Green (MPR Four) Private Limited. The agreement, approved by the Committee of Directors (Renewable Energy) on May 29, 2026, revises the financial commitments for a 19 MW AC Wind Solar Hybrid Power Plant located in District Ratlam, Madhya Pradesh. The power generated from this facility will be supplied exclusively to Vardhman Textiles under the Captive Rules.

The amendment modifies the specific subscription amounts while keeping other terms of the original agreement intact. The initial agreement was executed on April 23, 2026. The meeting to approve this amendment commenced at 01:30 p.m. and concluded at 02:15 p.m. on May 29, 2026.

Revised Subscription Details

The hybrid facility combines 26.4 MW of wind capacity and 15 MW of solar capacity. This strategic move allows Vardhman Textiles to leverage renewable sources for consistent power generation, reducing reliance on external power sources and stabilizing energy costs for its operations.