Vardhman Polytex
7.98
-0.27(-3.27%)
Market Cap₹366.20 Cr
PE Ratio-
IndustryTextiles
Company Performance:
1D-3.27%
1M+12.87%
6M-8.38%
1Y-14.47%
5Y+369.41%
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More news about Vardhman Polytex
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.
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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.
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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.
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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.
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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.
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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.
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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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Vardhman Polytex
7.98
-0.27
(-3.27%)
1 Year Returns:-14.47%
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