Vardhman textiles Limited has successfully commenced commercial production at its new Technical Textiles Plant in Baddi, Himachal Pradesh, marking a significant milestone in the company's expansion strategy. The facility began operations on March 1, 2026, as communicated to the stock exchanges through a regulatory filing.

Production Capacity and Facility Details

The newly operational Technical Textiles Plant has been designed with substantial manufacturing capabilities to meet growing market demand.

Investment Timeline and Background

The commencement of production represents the culmination of the company's strategic capex initiative announced earlier. Vardhman Textiles had previously informed the exchanges about this expansion plan on May 9, 2024, detailing the installation of new capacity for technical textiles manufacturing. The project has now reached its operational phase with the start of commercial production.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both major Indian stock exchanges about this development. The intimation was sent to BSE Limited and The National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Sanjay Gupta signed the official communication to the exchanges.

Strategic Significance

The new Technical Textiles Plant represents Vardhman Textiles' continued focus on diversifying its product portfolio and expanding manufacturing capabilities. Technical textiles constitute a specialized segment within the broader textile industry, offering applications across various industrial and commercial sectors. With the facility now operational, the company is positioned to serve this growing market segment with its monthly production capacity of 15 lakh meters of fabric.

Vardhman Textiles Limited has disclosed significant changes in its promoter group shareholding pattern, with the group increasing its stake from 62.90% to 64.81% through strategic share acquisitions. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, dated February 25, 2026.

Shareholding Changes Overview

The promoter group's shareholding increased by 1.91% through a net acquisition of 55.19 lakh shares. The transactions involved multiple entities within the promoter group, with some acquiring shares while others divested their holdings.

Promoter Group Composition

The promoter group comprises 20 entities led by Shri Paul Oswal, including individual promoters and various investment companies. Key entities in the group include:

• Individual Promoters: Shri Paul Oswal, Shakun Oswal, Sachit Jain, Suchita Jain, Soumya Jain, and Sagrika Vir
• Investment Companies: Devakar Investment and Trading Company Private Limited, Flamingo Finance and Investment Company Limited, Santon Finance and Investment Company Limited
• Trading Entities: Eastern Trading Company, Northern Trading Company, Amber Syndicate, Paras Syndicate
• Trusts: SP Oswal Trust, Mrs. Shakun Oswal Trust

Current Shareholding Position

Following the transactions, the promoter group's consolidated shareholding position has strengthened significantly across all metrics.

Transaction Details

The share acquisitions were executed through open market purchases spanning from March 9, 2022, to February 24, 2026. The company's equity share capital remained unchanged at 28.92 crore shares, while the total diluted share capital stands at 29.19 crore shares, accounting for potential conversion of outstanding convertible securities.

The disclosure was signed by Shri Paul Oswal on behalf of the acquirers and sellers, with the document filed with both BSE Limited and National Stock Exchange of India Limited, where Vardhman Textiles shares are listed.