Vardhman Polytex Limited has announced a board meeting scheduled for March 06, 2026, at its registered office in Ludhiana to consider comprehensive fund raising proposals. The meeting represents a significant corporate development as the company explores various financing options to support its business objectives.

Board Meeting Details

The board meeting has been scheduled under Regulation 29 of SEBI (LODR) Regulations, 2015, ensuring full regulatory compliance. The meeting will be held at the company's registered office located at Vardhman Park, Chandigarh Road, Ludhiana - 141123.

Fund Raising Proposals Under Consideration

The board will deliberate on multiple funding mechanisms to meet the company's capital requirements. The comprehensive approach demonstrates the company's strategic planning for financial flexibility and growth opportunities.

The fund raising options include:

• Debt instruments and debenture issuances
• Equity share offerings
• Convertible securities and other financial instruments
• Preferential issue arrangements
• Alternative permissible funding modes
• Combination approaches utilizing multiple instruments

Regulatory Compliance and Approvals

All proposed fund raising activities will be subject to comprehensive regulatory oversight and approval processes. The company has emphasized its commitment to maintaining full compliance with applicable regulations and securing necessary permissions before proceeding with any funding initiatives.

The approval framework includes member consent, statutory clearances, and regulatory permissions as mandated under current financial regulations. This structured approach ensures transparency and adherence to corporate governance standards.

Trading Window Restrictions

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code for insider trading prevention, Vardhman Polytex Limited has implemented a trading window closure. The restriction will remain effective until 48 hours following the declaration of the board meeting outcome on March 06, 2026.

This measure ensures market integrity and prevents any potential misuse of material information during the decision-making process. The trading window closure demonstrates the company's commitment to maintaining fair market practices and regulatory compliance.

The announcement was signed by Company Secretary Ajay K. Ratra on March 02, 2026, providing stakeholders with adequate notice of the upcoming corporate action and associated trading restrictions.

Vardhman Polytex Limited has successfully completed its postal ballot process for the appointment of a new Independent Director, demonstrating strong shareholder confidence in the company's governance initiatives. The e-voting process, conducted in compliance with SEBI regulations, concluded on February 22, 2026, with overwhelming approval from shareholders.

Postal Ballot Details and Timeline

The postal ballot was conducted to seek shareholders' approval for appointing Mr. Shubham Jain (DIN: 11397574) as an Independent Director through a special resolution. The comprehensive voting process was structured with specific timelines to ensure maximum shareholder participation.

Voting Results and Shareholder Response

The resolution received exceptional support from shareholders across all categories, demonstrating confidence in the proposed appointment. The voting results showed remarkable consensus among different shareholder groups.

Scrutinizer's Report and Validation

CS Ashwani Kumar Khanna from Khanna Ashwani & Associates, appointed as the scrutinizer, submitted the consolidated scrutinizer's report dated February 23, 2026. The report confirmed that 117 members participated in the e-voting process, representing 155751017 shares or 33.94% of the total paid-up share capital.

Resolution Outcome and Compliance

The special resolution for Mr. Shubham Jain's appointment as Independent Director was passed with the requisite majority, meeting all regulatory requirements under the Companies Act, 2013, and SEBI (LODR) Regulations, 2015. The appointment strengthens the company's board composition with independent oversight.

The entire postal ballot process was conducted in strict compliance with applicable regulations, including Section 108 and 110 of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has submitted the voting results and consolidated scrutinizer's report to both NSE and BSE, fulfilling its disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015.

This appointment reflects the company's commitment to maintaining robust corporate governance standards through independent board oversight, with the overwhelming shareholder support demonstrating confidence in the company's strategic direction.