Vardhman Textiles Limited has completed an investment of ₹24.46 crore in Renew Green (MPR Four) Private Limited to secure a 31.2% equity stake. The subscription involves 4,64,926 equity shares with a face value of ₹10 each. This financial commitment supports the development of a 19 MW AC Wind Solar Hybrid Power Plant located in District Ratlam, Madhya Pradesh, which will supply power exclusively to Vardhman Textiles under Captive Rules.

The company executed an Amended Share Subscription and Shareholders' Agreement with Renew Green Energy Solutions Private Limited and Renew Green (MPR Four) Private Limited on May 29, 2026. The Committee of Directors (Renewable Energy) approved the amendment, which modifies the specific subscription amounts while keeping other terms of the original agreement intact. The initial agreement was executed on April 23, 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.

Vardhman Textiles Limited has published the postal ballot notice regarding the appointment of Mrs. Suchita Jain as Vice-Chairperson and Managing Director and Mr. Neeraj Jain as Managing Director. The remote e-voting facility is scheduled to be open from May 27, 2026, at 9:00 a.m. IST to June 25, 2026, at 5:00 p.m. IST. Shareholders registered as of the cut-off date, May 22, 2026, are eligible to vote. The outcome of this vote is critical for the company's leadership structure for the upcoming half-decade.

The Board of Directors approved the resolutions on May 7, 2026. Mrs. Suchita Jain, currently the Vice-Chairperson & Joint Managing Director, holds a Master's in Commerce and has over 33 years of experience in the textile industry. Mr. Neeraj Jain, a qualified Chartered Accountant with over 35 years of experience in finance and the yarn business, currently serves as Joint Managing Director. The company has engaged M/s Khanna Ashwani & Associates as the scrutinizer to oversee the voting process.

Remuneration Structure

The remuneration packages for the appointees include a basic salary, perquisites, and performance-linked incentives. The perquisites are subject to a ceiling of the annual basic salary, while performance incentives are capped at double the annual basic salary.

Voting Process and Timelines

The company has completed the electronic dispatch of the Postal Ballot Notice on May 26, 2026. The resolutions, if approved, shall be deemed to have been passed on the last date of e-voting, i.e., June 25, 2026. The result of e-Voting shall be declared on or before 2 working days from the conclusion of the e-Voting process. The company has engaged Central Depository Services (India) Limited (CDSL) as the agency for providing the remote e-voting facility.