Vardhman Textiles Limited has announced the successful completion of a postal ballot process, with shareholders approving a significant expansion of the company's business scope to include electricity generation activities. The postal ballot was concluded on March 11, 2026, marking a strategic milestone for the textile manufacturer.

Postal Ballot Outcome and Regulatory Compliance

The company informed stock exchanges about the postal ballot results through a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, following an earlier intimation dated January 21, 2026.

Amendment to Memorandum of Association

Shareholders approved the alteration of the object clause in the company's Memorandum of Association by adding a new sub-clause (xxxiv) after sub-clause (xxxiii) of clause III (B). This section covers objects incidental or ancillary to the attainment of the main business objectives.

New Business Objectives

The approved amendment enables Vardhman Textiles to engage in comprehensive electricity generation activities. The new object clause permits the company to:

• Set up, purchase, or acquire electricity generation plants and facilities
• Generate, accumulate, distribute, and supply electricity from multiple sources
• Utilize various energy sources including hydel, thermal, nuclear, gaseous, solar, wind, and other non-conventional sources
• Operate independently or through collaborations with third parties
• Serve both captive consumption needs and external market sales

Strategic Implications

This expansion into power generation represents a diversification strategy for the textile manufacturer, potentially providing energy security for its core operations while creating new revenue streams through external electricity sales. The amendment provides flexibility for the company to explore various energy technologies and business models in the power sector.

The company secretary Sanjay Gupta signed the regulatory filing, confirming the successful completion of the postal ballot process and requesting stock exchanges to take the outcome on record.

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.