Vardhman Textiles Limited has successfully completed its postal ballot process and submitted the results along with the scrutinizer report to stock exchanges under Regulation 44 of SEBI Listing Regulations. The company received overwhelming shareholder support for expanding into electricity generation business, with the resolution deemed passed on March 11, 2026.

Postal Ballot Submission and Compliance

The company submitted the postal ballot results to BSE Limited and National Stock Exchange of India on March 12, 2026, through a communication signed by Company Secretary Sanjay Gupta. The submission was made pursuant to Regulation 44(3) of SEBI Listing Regulations, including detailed voting results and a certified copy of the scrutinizer report.

Scrutinizer Appointment and Process

M/s Khanna Ashwani & Associates, Practicing Company Secretaries, were appointed as scrutinizers by the Board of Directors on January 21, 2026. CS Ashwani Kumar Khanna (FCS 3254) served as the scrutinizer for the postal ballot process. The e-voting period commenced on February 10, 2026, at 09:00 AM IST and concluded on March 11, 2026, at 05:00 PM IST, with January 30, 2026, as the record date.

Voting Results and Shareholder Participation

The postal ballot witnessed significant shareholder participation with 83.74% of the total paid-up share capital being voted. Out of 84,541 total shareholders on record date, 371 members participated in the voting process through remote e-voting facilitated by Central Depository Services (India) Limited.

Category-wise Voting Breakdown

The resolution received unanimous support from promoter and promoter group, who voted 181,753,890 shares representing 97.50% of their holdings. Public institutions voted 60,321,086 shares (94.52% of their holdings) entirely in favor. Public non-institutions showed 98.44% support with 143,535 votes in favor and 2,276 against.

Business Expansion Approval

Shareholders approved the alteration of the object clause in the company's Memorandum of Association by adding sub-clause (xxxiv) under clause III (B). This amendment enables the company to engage in comprehensive electricity generation activities including setting up power plants, generating and distributing electricity from various sources such as hydel, thermal, nuclear, solar, wind, and other non-conventional sources.

The approved resolution allows the company to operate power generation facilities independently or through collaborations, serving both captive consumption needs and external market sales, representing a strategic diversification for the textile manufacturer.

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.