VTM Limited , a prominent player in the textile industry, has taken a significant step towards expanding its manufacturing capabilities in Tamil Nadu. The company recently entered into a non-binding Memorandum of Understanding (MOU) with the Government of Tamil Nadu, outlining plans for a substantial investment in the state's textile sector.

Key Details of the MOU

Investment Implications

The MOU signifies VTM Limited's commitment to strengthening its presence in Tamil Nadu's textile manufacturing landscape. By investing Rs 50.00 crores over a two-year span, the company aims to bolster its production capabilities in Cotton Grey Fabric and Home Textiles Products.

Economic Impact

This investment is expected to have a positive impact on the local economy of Madurai and Virudhunagar Districts. The creation of approximately 40 direct jobs and 10 indirect jobs will contribute to employment generation in the region, potentially benefiting the local workforce and supporting ancillary industries.

Strategic Expansion

For VTM Limited, this MOU represents a strategic move to expand its manufacturing footprint in key textile hubs of Tamil Nadu. The focus on Cotton Grey Fabric and Home Textiles Products aligns with the company's existing product portfolio and may allow for increased production capacity and market reach.

Regulatory Compliance

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, VTM Limited has duly informed the Bombay Stock Exchange about this development. The company signed the MOU on December 07, 2025, demonstrating its commitment to transparent communication with stakeholders.

While the MOU is non-binding at this stage, it sets the foundation for potential growth and expansion for VTM Limited in the coming years. Investors and industry observers will likely keep a close watch on how this agreement translates into tangible outcomes for the company and the local textile industry.

VTM Limited , a prominent textile company, has announced a postal ballot seeking shareholder approval for four key resolutions, as disclosed in a recent corporate filing.

Director Appointments and Continuations

The company is proposing the continuation of Mr. R.M. Somasundaram as a Non-Executive Director beyond the age of 75. Mr. Somasundaram, who has been associated with VTM Limited since 1984, will reach this milestone in November 2026. His extensive experience in the textile industry and significant contributions to the company's strategic direction have been cited as reasons for recommending his continued involvement.

Additionally, VTM Limited is seeking to re-appoint two Independent Directors for second terms:

1. Mr. Ganesh Ananthakrishnan (DIN: 00003586)
2. Mr. L. Sevugan (DIN: 03580186)

Both directors are proposed for re-appointment for five consecutive years, from March 25, 2026, to March 24, 2031. Mr. Ananthakrishnan brings expertise in finance, corporate advisory, and governance, while Mr. Sevugan offers extensive experience in business management and operations.

Related Party Transaction

The company is also seeking approval for entering into contracts with Colour Yarns Private Limited, a related party. The proposed transaction involves the purchase and sale of goods, with the following details:

It's noteworthy that Smt. Uma Kannan (Director) and Sri K. Thiagarajan (Chairman and Managing Director) are interested parties in this transaction, either as directors or shareholders of Colour Yarns Private Limited.

Voting Process

The e-voting period for these resolutions is scheduled as follows:

• Commencement: November 19, 2025, at 9:00 a.m. (IST)
• Conclusion: December 18, 2025, at 5:00 p.m. (IST)

Results of the postal ballot are expected to be announced by December 20, 2025.

VTM Limited has appointed Mr. S. Ramalingam, a Practicing Company Secretary, as the Scrutinizer to ensure a fair and transparent voting process.

Shareholders are encouraged to review the detailed postal ballot notice and participate in the voting process to have their say in these significant corporate decisions.