Vardhman Textiles Limited has announced a major capacity expansion for its Garment Unit situated in the state of Punjab, following a Board of Directors meeting held on May 7, 2026. The board approved the proposal to nearly double the unit's shirt manufacturing capacity, marking a significant step in the company's garment business growth strategy. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para B of Part A of Schedule III of the Regulations.

Capacity Expansion Details

The proposed expansion will substantially scale up the Garment Unit's production capabilities. The following table outlines the key parameters of the approved capacity enhancement:

The current Garment Unit is operating at approximately 95% capacity utilization, underscoring the operational need and strategic rationale behind the expansion decision.

Investment and Financing

The capacity addition will require an investment of approximately Rs. 125 crore, which the company intends to finance through a combination of internal accruals and debt. The targeted timeline for completing the proposed capacity addition is by the end of Financial Year 2026-27.

Strategic Rationale

Vardhman Textiles outlined several strategic objectives underpinning this expansion decision:

• Portfolio broadening: The capacity addition is expected to broaden the company's product portfolio.
• High-value buyer attraction: Enhanced capacity will strengthen the company's ability to attract high-value buyers.
• New order volumes: The expansion is aimed at securing new order volumes.
• Premium brand relationships: The move is intended to help build long-term relationships with premium international brands.
• Cost optimization: The expansion is also expected to optimize cost and capacity utilization.

Board Meeting

The Board of Directors meeting, during which the expansion was approved, commenced at 10:00 a.m. and concluded at 12:45 p.m. on May 7, 2026. The disclosure was filed in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The announcement was signed by Sanjay Gupta, Company Secretary of Vardhman Textiles Limited.

Vardhman Textiles Limited announced two significant leadership appointments at its Board of Directors meeting held on 7th May 2026. Subject to approval of the Members, the Board appointed Mrs. Suchita Jain as Vice-Chairperson & Managing Director and Mr. Neeraj Jain as Managing Director, each for a term of 5 years with effect from 01.04.2026 to 31.03.2031. The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 10:00 a.m. and concluded at 12:45 p.m.

Key Appointment Details

The following table summarises the key details of both appointments:

Profile: Mrs. Suchita Jain

Mrs. Suchita Jain holds a Master's degree in Commerce from Panjab University, Chandigarh. She has also completed the Accelerated Development & Strategy Programme from London Business School (U.K.) and the Leadership Development Programme from INSEAD, Paris. With over 33 years of experience in the Textile Industry, she has played an instrumental role in establishing fabric manufacturing — both grey and processed — within the company. Mr. S.P. Oswal is her father, Mr. Sachit Jain is her husband, and Mrs. Sagrika Vir and Mrs. Soumya Jain are her daughters.

Profile: Mr. Neeraj Jain

Mr. Neeraj Jain holds a Bachelor's degree in Commerce and is a qualified Chartered Accountant. He is also an alumnus of Harvard and has attended the Program for Leadership Development at Harvard Business School. With more than 35 years of experience in finance and the yarn business within the group, Mr. Jain has played a pivotal role in steering the company's profitable growth, innovation, and expansion. Mr. Neeraj Jain is not related to any Director of the Company.

Regulatory Confirmation

Vardhman Textiles confirmed that neither of the above-mentioned directors is debarred from holding the office of Director by virtue of any order of SEBI or any other regulatory authority. The appointments are subject to approval of the Members of the Company.