Vardhman textiles Limited has successfully commenced commercial production from its new processing line at the Vardhman Fabrics facility in Budhni, Madhya Pradesh, marking a significant milestone in the company's expansion strategy. The commercial operations began on March 7, 2026, as communicated to the stock exchanges under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Capacity Expansion Details

The new processing line represents a substantial addition to the company's manufacturing capabilities, with key parameters outlined below:

Timeline of Development

The project development followed a structured timeline with regular updates to stakeholders:

• November 28, 2024: Initial intimation regarding capex plan for processed fabric capacity expansion
• January 22, 2025: Follow-up communication on the expansion project
• March 7, 2026: Commencement of commercial production from the new processing line

Strategic Significance

This expansion strengthens Vardhman Textiles' position in the processed fabric segment, adding approximately 31 million meters per annum to its manufacturing capacity. The Budhni facility in Madhya Pradesh now operates with enhanced processing capabilities, supporting the company's diversified textile portfolio that spans yarns, fabrics, garments, threads, fibres, and steels.

Regulatory Compliance

The company has maintained transparent communication with stock exchanges throughout the project lifecycle, ensuring compliance with disclosure requirements. Company Secretary Sanjay Gupta signed the official intimation, confirming the commencement of commercial operations and requesting the exchanges to take the development on record.

Vardhman Textiles Limited has successfully allotted equity shares to its employees under the company's Employee Stock Option Plan 2024. The allotment represents a significant step in the company's employee incentivization strategy, providing eligible staff members with ownership stakes in the organization.

Share Allotment Details

The Committee of Directors (ESOP Plan 2024) approved the allotment during its meeting held on March 05, 2026. The key parameters of the share allotment are presented below:

Rights and Benefits

The newly allotted equity shares carry full rights and privileges equivalent to existing equity shares of the company. These shares shall rank pari passu with the existing equity shares of Vardhman Textiles Limited in all respects, ensuring that employee shareholders receive equal treatment regarding dividends, voting rights, and other corporate benefits.

Regulatory Compliance

The company has duly informed both major stock exchanges about the share allotment. The communication was sent to BSE Limited (Scrip Code: 502986) and The National Stock Exchange of India Ltd (Scrip Code: VTL), ensuring full regulatory compliance and transparency in the allotment process.

Employee Stock Option Plan Framework

The allotment was executed under the Vardhman Textiles Limited Employee Stock Option Plan, 2024, which provides eligible employees with the opportunity to exercise their stock options and become equity shareholders in the company. This initiative aligns employee interests with shareholder value creation and serves as an important retention and motivation tool for the organization's workforce.