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Latest news about Vardhman Polytex

Vardhman Polytex Allots 1.06 Crore Equity Shares on Warrant Conversion 6 days ago

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.

Vardhman Polytex EGM for ₹25 Cr OCDs and IVR D Rating for ₹95 Cr NCDs 8 days ago

Vardhman Polytex Limited Publishes Postal Ballot Notice for Special Resolutions Mar 24, 2026

VPL Allots 6.5 Cr Equity Shares on Warrant Conversion, Paid-up Capital Rises Mar 24, 2026

Vardhman Polytex Limited Announces Withdrawal of Credit Rating by ICRA Mar 16, 2026

More news about Vardhman Polytex

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.