Visagar Polytex promoters pledge 1.38 Cr shares in FY26

Promoters of Visagar Polytex Ltd have pledged 1.38 Cr equity shares during the financial year ended March 31, 2026. The disclosure confirms that this represents the only encumbrance on the promoters' total holding, which stands at 1,64,88,533 equity shares.

Tilokchand Kothari, Managing Director, submitted the declaration to the stock exchanges in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing clarifies that no other encumbrances have been made directly or indirectly by the promoters, members of the promoter group, or persons acting in concert.

Shareholding Details

The following table outlines the shareholding and pledge status as of March 31, 2026:

Particulars	Number of Shares
Total Promoter Holding	1,64,88,533
Shares Pledged	1,38,00,000

The filing was addressed to BSE Limited and the National Stock Exchange of India Limited. Visagar Polytex Ltd is listed on both exchanges with the scrip code VIVIDHA and ISIN INE370E01029.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-5.45%	+1.96%	-26.76%	-38.82%	-38.82%

Visagar Polytex Limited reported a net loss of ₹153.72 lakh for the financial year ended March 31, 2026, narrowing from a net loss of ₹166.40 lakh in the previous year. The company recorded revenue from operations of ₹11.52 lakh for the year, a significant increase from zero in the prior year, while total income rose to ₹12.46 lakh from ₹1.51 lakh. For the quarter ended March 31, 2026, the net loss was ₹42.37 lakh, with revenue from operations remaining at zero.

The Board of Directors, in its meeting held on May 29, 2026, approved the audited standalone financial results for the quarter and year ended March 31, 2026. The meeting also sanctioned the re-appointment of Mr. Lakhpat M. Trivedi as the Internal Auditor of the company for the financial year 2026-27. The trading window for dealing in the company's securities will open 48 hours after the results were made public.

Total expenditure for the year decreased to ₹174.15 lakh from ₹179.64 lakh in the previous year. Finance costs for the year stood at ₹43.24 lakh, down from ₹50.25 lakh, while depreciation and amortisation expenses were ₹49.91 lakh compared to ₹64.38 lakh. The company reported a deferred tax expense of ₹7.97 lakh for the year.

The standalone balance sheet as of March 31, 2026, showed total assets of ₹600.69 lakh, down from ₹727.58 lakh in the previous year. Non-current assets decreased to ₹208.99 lakh from ₹272.93 lakh, while current assets stood at ₹391.70 lakh compared to ₹454.65 lakh. Equity and liabilities totaled ₹600.69 lakh, with equity showing a negative balance of ₹40.72 lakh against a positive balance of ₹113.13 lakh in the prior year.

The cash flow statement for the year ended March 31, 2026, indicated a net cash flow from operating activities of ₹17.47 lakh, a decrease from ₹76.83 lakh in the previous year. Cash and cash equivalents at the end of the year stood at ₹17.49 lakh. The auditor's report, issued by M/s. Bhatther and Associates, confirmed that the financial results present a true and fair view in conformity with the applicable Indian accounting standards.

Financial Results for the Year Ended March 31, 2026

Particulars	Year Ended 31/03/2026 (₹ in Lakhs)	Year Ended 31/03/2025 (₹ in Lakhs)
Revenue from Operations	11.52	0
Other Income	0.94	1.51
Total Income	12.46	1.51
Total Expenditure	174.15	179.64
Profit/Loss before Tax	(161.69)	(178.13)
Net Profit/Loss	(153.72)	(166.40)

Key Board Decisions

Approved audited standalone financial results for the quarter and year ended March 31, 2026.
Re-appointed Mr. Lakhpat M. Trivedi as Internal Auditor for FY 2026-27.