Latest news about Vardhman Polytex
Vardhman Polytex
6.99
+0.07(+1.01%)
Company Performance:
View Company Insights1D+1.01%
1M+0.43%
6M+4.64%
1Y-42.70%
5Y+331.48%
More news about Vardhman Polytex
21Apr 26
Vardhman Polytex Board Approves Sale of 26 Acre Land in Ludhiana for Debt Repayment and Growth
Vardhman Polytex's board has approved the sale of a 26 acre land parcel in Ludhiana as part of its strategic asset optimization initiative. The proceeds from this land sale will be utilized for repaying existing liabilities and funding the company's future growth plans, reflecting a balanced approach to debt management and expansion financing.
16Apr 26
Vardhman Polytex EGM Results: Rs 25 Crore OCD Issuance Approved with 99.9998% Votes
Vardhman Polytex Limited successfully concluded its EGM on April 16, 2026, with both special resolutions receiving overwhelming shareholder approval of 99.9998%. The resolutions covered Rs 25 crore optionally convertible debentures issuance and Articles of Association amendment for Board observer appointments. The company maintained full regulatory compliance with proper documentation filed under SEBI LODR Regulations.
10Apr 26
Catalyst Trusteeship Limited Creates Encumbrance on 37.50% Equity Shares of Vardhman Polytex Limited
Catalyst Trusteeship Limited disclosed creation of encumbrance on 18,11,47,910 equity shares of Vardhman Polytex Limited, representing 37.50% of paid-up share capital, under SEBI SAST regulations. The arrangement includes 2,54,00,000 warrants representing 4.99% of diluted capital, totaling 40.62% encumbrance. This stems from a debenture trust deed dated March 29, 2026, with promoter group pledging entire shareholding as security for debenture holders, effective April 07, 2026.
09Apr 26
Vardhman Polytex: Company Settles Full Dues With Phoenix Arc, Default Status Cleared
Vardhman Polytex Limited has completed full settlement of outstanding dues with Phoenix ARC Private Limited using Non-Convertible Debentures proceeds. The settlement resolves quarterly default reporting requirements and triggers a significant write-back of approximately Rs.300.00 crore, positively impacting the company's financial position.
08Apr 26
Vardhman Polytex Limited Files SEBI Compliance Certificate for Q4 FY26
Vardhman Polytex Limited filed its quarterly SEBI compliance certificate for Q4 FY26 on 08 April, 2026, through Company Secretary Ajay K. Ratra. The certificate, issued by registrar Alankit Assignments Limited under Regulation 74(5), confirms proper dematerialization procedures for the quarter ended 31st March, 2026. The filing was submitted to NSE, BSE, and depositories NSDL and CDSL as part of mandatory quarterly regulatory compliance.
07Apr 26
Vardhman Polytex Limited Confirms Non-Large Corporate Status Under SEBI Framework
Vardhman Polytex Limited filed a regulatory disclosure confirming it does not qualify as a Large Corporate under SEBI's August 10, 2021 operational circular. The company reported NIL long-term borrowings as of March 31, 2026, and holds an IVR D credit rating from Infomerics Valuation and Rating Ltd, with the disclosure submitted to both NSE and BSE for compliance purposes.
07Apr 26
Vardhman Polytex Reports ₹17.33 Crore Default on Bank Loans in Q4FY26 Disclosure
Vardhman Polytex Limited disclosed total outstanding loan facilities of ₹54.38 crore with defaults of ₹17.33 crore as on March 31, 2026. The company reported no outstanding unlisted debt securities and total financial indebtedness of ₹54.53 crore. This quarterly disclosure was submitted to NSE and BSE in compliance with SEBI Master Circular requirements.
06Apr 26
Vardhman Polytex Allots Rs.75 Crore NCDs at 18% Coupon Rate to Special Situation India Fund
Vardhman Polytex Limited completed a Rs.75 crore debt fundraising through allotment of 7,500 secured NCDs at 18% coupon rate to Special Situation India Fund on private placement basis. The board meeting held on April 6, 2026 formalized the allotment, with the instruments scheduled for listing on BSE Limited under regulatory compliance.
28Mar 26
Vardhman Polytex Allots 1.06 Crore Equity Shares on Warrant Conversion
Vardhman Polytex Limited completed warrant conversion of 1,06,25,000 equity shares by promoter group entity Oswal Holding Private Limited, executed in two tranches on March 25-26, 2026. The conversion increased promoter shareholding to 37.50% of expanded capital, with company's paid-up capital reaching Rs.48,30,19,004. The promoter group retains 2,54,00,000 warrants for future conversion from the original pool of 7,24,50,000 warrants.
27Mar 26
Vardhman Polytex EGM for ₹25 Cr OCDs and IVR D Rating for ₹95 Cr NCDs
Vardhman Polytex Limited has completed newspaper publication of its EGM notice for April 16, 2026 meeting to seek approval for ₹25 crore optionally convertible debentures issue at 18% interest rate. The company also received IVR D credit rating from Infomerics for ₹95 crore non-convertible debentures, indicating highest credit risk level.
24Mar 26
Vardhman Polytex Limited Publishes Postal Ballot Notice for Special Resolutions
Vardhman Polytex Limited has published its Postal Ballot Notice in Financial Express and Desh Sewak newspapers dated March 21, 2026, seeking shareholder approval on Special Resolutions. The company has adopted electronic-only voting through CDSL's platform, with e-voting scheduled from March 21 to April 19, 2026. The cut-off date for voting eligibility is March 13, 2026, and the notice has been made available on company and stock exchange websites for shareholder access.
24Mar 26
VPL Allots 6.5 Cr Equity Shares on Warrant Conversion, Paid-up Capital Rises
Vardhman Polytex Limited completed allotment of 65,00,000 equity shares through warrant conversion by promoter group entity Oswal Holding Private Limited at Rs 12.55 per share, raising Rs 6,11,81,250. The conversion increased the company's paid-up equity share capital to Rs 46,53,94,004 with 4,30,25,000 warrants still pending conversion from the original 7,24,50,000 warrant issue.
16Mar 26
Vardhman Polytex Limited Announces Withdrawal of Credit Rating by ICRA
Vardhman Polytex Limited has announced ICRA's withdrawal of credit rating for its borrowing facilities, following the company's request and existing lender's NOC. The withdrawal complies with ICRA's policy and has been disclosed under SEBI Regulation 30 to both NSE and BSE, ensuring regulatory compliance and stakeholder transparency.
16Mar 26
Vardhman Polytex Limited Board Meeting Rescheduled to March 19, 2026 for Fund Raising
Vardhman Polytex Limited has updated its board meeting schedule to March 19, 2026, at its registered office in Ludhiana to deliberate on fund raising initiatives. The company will evaluate multiple financing options including debt instruments, debentures, equity shares, and convertible securities through preferential issues or other approved modes, subject to necessary member consent and regulatory clearances.
02Mar 26
Vardhman Polytex Limited Schedules Board Meeting on March 06, 2026 for Fund Raising Proposals
Vardhman Polytex Limited has scheduled a board meeting for March 06, 2026, to consider fund raising through various instruments including debt, equity, and convertible securities. The meeting will be held at the company's Ludhiana office under SEBI regulations, with all proposals subject to regulatory and member approvals. A trading window closure has been implemented until 48 hours after the board meeting outcome declaration, ensuring compliance with insider trading regulations.
23Feb 26
Vardhman Polytex Completes Postal Ballot for Independent Director Appointment
Vardhman Polytex Limited has completed its postal ballot process with overwhelming shareholder approval of 99.99% for appointing Mr. Shubham Jain as Independent Director. The e-voting conducted from January 24 to February 22, 2026, demonstrated strong governance confidence with 155751017 shares voted representing 33.94% of total paid-up capital. CS Ashwani Kumar Khanna served as scrutinizer and confirmed regulatory compliance.
18Feb 26
Pine Oak Global Fund Acquires 1 Crore Shares in Vardhman Polytex Through Open Market Purchase
Pine Oak Global Fund acquired 1,00,00,000 shares of Vardhman Polytex Limited through open market purchase on February 16, 2026, increasing its stake from 3.32% to 5.50%. The Mauritius-based fund, which is not part of the promoter group, disclosed the transaction under SEBI Takeover Regulations to NSE and BSE on February 17, 2026.
16Feb 26
Vardhman Polytex Limited Publishes Q3FY26 Financial Results in Newspapers
Vardhman Polytex Limited has successfully published its Q3FY26 financial results in newspapers as required by SEBI Regulation 30, with publications appearing in Financial Express (English) and Desh Sewak (Punjabi) on February 15, 2026. The company previously received a clean independent auditor's review report from Navneet Sehgal & Co., confirming compliance with all regulatory requirements and accounting standards.
23Jan 26
Axis Bank Limited Declares Record Date for Dividend Payment on January 31, 2025
Axis Bank Limited has declared January 31, 2025, as the record date for dividend payment under SEBI Regulation 42. Shareholders holding shares on this date will be eligible for dividend distribution. The announcement ensures regulatory compliance and provides transparent communication to investors about dividend payment timelines.
22Jan 26
Vardhman Polytex Limited Initiates Postal Ballot for Independent Director Appointment
Vardhman Polytex Limited has initiated a postal ballot process for appointing Mr. Shubham Jain (DIN: 11397574) as Independent Director. The e-voting period runs from January 24 to February 22, 2026, with January 16, 2026 as the cut-off date. Mr. Jain, an advocate with over 10 years of taxation experience, was initially appointed as Additional Director on December 3, 2025, and now requires shareholder approval for a five-year term as Independent Director.
07Jan 26
Vardhman Polytex Limited Reports ₹29.67 Crores Default on Bank Loans as of December 2025
Vardhman Polytex Limited disclosed ₹29.67 crores in loan defaults out of ₹55.67 crores total outstanding bank facilities as on December 31, 2025, representing a 53.28% default rate. The company reported no defaults on unlisted debt securities, with total financial indebtedness at ₹55.82 crores. This mandatory SEBI compliance disclosure highlights significant repayment challenges with banking institutions.
03Dec 25
Vardhman Polytex Limited Announces Changes in Board of Directors
Vardhman Polytex Limited has made significant changes to its Board of Directors. Mr. Suresh Kumar Banka has been appointed as an Additional Director (Non-Executive & Independent), while Mrs. Manju Oswal has resigned from her position as a Director. These changes could potentially influence the company's strategic direction and governance practices.
14Nov 25
Vardhman Polytex Reports Turnaround with Rs. 665.38 Lakh Profit in H1 FY2026
Vardhman Polytex Limited has reported a significant financial turnaround for the half-year ended September 30, 2025. The company posted a net profit before tax of Rs. 665.38 lakhs, compared to a loss of Rs. 1,012.44 lakhs in the same period last year. Operating profit before working capital changes improved to Rs. 1,326.52 lakhs from a loss of Rs. 1,182.97 lakhs. However, the company faced challenges with negative cash flow from operating activities of Rs. 591.73 lakhs. Total assets increased to Rs. 28,605.27 lakhs, but the company still reports negative equity of Rs. 22,059.90 lakhs. Management remains focused on sustaining the positive momentum while addressing working capital and equity position challenges.
13Aug 25
Vardhman Polytex Concludes Utilization of Rights and Preferential Issue Funds
Vardhman Polytex Limited has announced the complete utilization of funds raised through its Rights Issue in October 2024 and Preferential Issue in March 2025. The company will discontinue submitting the Statement of Deviation/Variation for fund usage from Q2 FY2026. The Audit Committee has noted this development. Financial results for Q1 FY2026 show revenue from operations at ₹63.28 crore and net profit after tax at ₹1.94 crore, both down from the previous year.
10Mar 25
Vardhman Polytex Shuts Down Ludhiana Plant, Shifts Focus to Real Estate Monetization
Vardhman Polytex Limited announced the closure of its manufacturing unit in Ludhiana, Punjab by March 31, 2025. This strategic move aims to monetize the plant's real estate to repay outstanding liabilities and support future growth. The Ludhiana unit contributed 79.14% of the company's operational revenue in the last financial year. Vardhman Polytex reported a negative net worth of Rs. 36,103.76 lakh, highlighting financial challenges prompting this shift.
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