Vardhman Polytex Limited has disclosed substantial loan defaults totaling ₹29.67 crores as on December 31, 2025, representing more than half of its total outstanding bank facilities. The textile company submitted this mandatory disclosure to the National Stock Exchange and BSE Limited on January 7, 2026, in compliance with SEBI Master Circular provisions.

Financial Indebtedness Overview

The company's financial disclosure reveals significant stress in its banking relationships. The detailed breakdown shows concerning default levels across its loan portfolio.

Loan Portfolio Analysis

The disclosure specifically covers revolving facilities including cash credit arrangements from banks and financial institutions. The company reported that out of ₹55.67 crores in total outstanding facilities, ₹29.67 crores are currently in default status, indicating significant repayment challenges.

Debt Securities Position

Vardhman Polytex reported a clean slate regarding unlisted debt securities, with no outstanding amounts or defaults in Non-Convertible Debentures (NCDs) and Non-Convertible Redeemable Preference Shares (NCRPS).

Regulatory Compliance

This disclosure was made pursuant to SEBI Master Circular dated July 11, 2023, Chapter-V Section V-B Clause 5.2, which mandates listed companies to report the status of interest payments and principal repayments on loans from banks or financial institutions quarterly. The document was signed by Company Secretary Ajay K. Ratra and Chief Financial Officer Radhamohan Soni.

Summary

The disclosure highlights Vardhman Polytex Limited's current financial challenges, with over half of its bank loan facilities in default. While the company maintains no defaults on unlisted debt securities, the substantial default on banking facilities indicates potential liquidity constraints and operational challenges in the textile sector.

Board Composition Update at Vardhman Polytex Limited

Vardhman Polytex Limited , a prominent player in the textile industry, has recently announced significant changes to its Board of Directors. This development marks an important shift in the company's leadership structure.

Key Changes

• Appointment of New Director: The company has welcomed Mr. Suresh Kumar Banka as an Additional Director (Non-Executive & Independent) to the Board.
• Resignation of Existing Director: Simultaneously, Mrs. Manju Oswal has stepped down from her position as a Director of the company.

Impact and Implications

These changes in the Board composition could potentially influence the company's strategic direction and governance practices. The addition of Mr. Suresh Kumar Banka as an Independent Director may bring fresh perspectives and expertise to Vardhman Polytex Limited's decision-making processes.

Looking Ahead

Investors and stakeholders will be keenly watching how these changes in the Board of Directors might affect Vardhman Polytex Limited's future operations and performance in the competitive textile industry landscape.

As always, it's advisable for investors to keep a close eye on further announcements and financial reports from the company to assess the potential impact of these leadership changes.