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.

vardhman textiles witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 264,081 shares transacted at a price of ₹615.00 per share. The total value of the block deal stood at ₹16.24 crores, reflecting significant large-lot trading activity in the stock.

Block Trade Details

The following table summarizes the key parameters of the block trade recorded on the NSE:

Significance of Block Trades

Block trades typically involve the purchase or sale of a large number of shares in a single transaction and are often associated with institutional investors, mutual funds, or other large market participants. Such trades are executed outside the open market to minimize price impact and are reported separately on stock exchanges. The block deal in Vardhman Textiles at ₹615.00 per share for approximately 264,081 shares, aggregating to ₹16.24 crores, represents a substantial single-transaction activity in the counter.