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Vardhman Polytex scheduled a board meeting on May 29, 2026, to approve audited financial results. The trading window remains closed for 48 hours post-declaration.
Vardhman Polytex Ltd allotted OCDs worth ₹15.00 Crore to Special Situation India Fund. These instruments are convertible into equity shares within 18 months.
Vardhman Polytex Limited's promoter group created a pledge and Non-Disposal Undertaking on 10,93,12,020 shares (22.63% stake) in favor of Catalyst Trusteeship Limited. This encumbrance secures debentures worth ₹392.89 Crore issued to Special Situation India Fund. The filing clarifies previous exchange observations regarding share tallying and pending warrant conversions.
Vardhman Polytex Limited's Board approved the sale or disposal of its Ludhiana Unit land (26.8 acres) in Punjab. The transaction aims to augment funds for repaying outstanding liabilities and supporting future growth. Shareholders previously approved this via postal ballot on April 19, 2026. Chairman Mr. Adish Oswal is authorized to finalize the deal.
Promoters of Vardhman Polytex Limited have created a pledge and Non-Disposal Undertaking on their equity shares and 2,54,00,000 warrants. The encumbrance is created in favor of Catalyst Trusteeship Limited to secure debentures issued by the company. This disclosure follows SEBI Takeover Regulations regarding the encumbrance of promoter holdings.
Vardhman Polytex Limited announced that shareholders approved the sale or disposal of land at its Ludhiana unit via postal ballot. The special resolution passed with a 99.99% majority of votes cast through e-voting. Promoters did not participate in the voting process as per regulatory requirements.
Vardhman Polytex Ltd announced the successful passage of two special resolutions at its EGM held on April 16, 2026. Shareholders approved the issuance of optionally convertible debentures on a preferential basis and an alteration to the company's Articles of Association. Both resolutions were passed with the requisite majority via e-voting and physical ballots.
Vardhman Polytex Limited clarified NSE observations regarding its EGM notice for issuing Optionally Convertible Debentures. The minor clerical and interpretational clarifications, apprised to shareholders during the April 16, 2026 EGM, include pricing methodology for Qualified Institutional Buyers under SEBI regulations. The company stated these observations do not impact shareholder decision-making.
Vardhman Polytex Limited held an EGM on April 16, 2026, approving the issuance of optionally convertible debentures worth ₹25 Crore. Shareholders also approved an amendment to the Articles of Association to allow debenture trustees to appoint a Board observer.
Promoters of Vardhman Polytex Limited have created a pledge and Non-Disposal Undertaking on their shareholding in favour of Catalyst Trusteeship Limited. This action, disclosed under SEBI SAST Regulations, serves as security for debentures issued by the company. Total encumbered shares include existing holdings and warrants pending conversion.
Catalyst Trusteeship Limited, acting as a debenture trustee, has received an encumbrance (pledge and non-disposal undertaking) over 20,65,47,910 equity shares of Vardhman Polytex Limited. This represents 40.62% of the company's diluted share capital, created by the promoter group to secure debentures. The disclosure was made under SEBI SAST Regulation 29(1).
Vardhman Polytex Limited has successfully settled its entire outstanding debt with Phoenix ARC using proceeds from NCD issuances. This repayment resolves previous defaults and triggers a write-back of approximately ₹300 Crore. The move significantly strengthens the company's balance sheet and credit profile.
Vardhman Polytex Limited submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (DP) Regulations for the quarter ended March 31, 2026. The certificate, issued by Alankit Assignments Limited, confirms the processing and cancellation of physical share certificates received for dematerialization.
Vardhman Polytex Ltd has clarified that it does not meet the criteria to be classified as a 'Large Corporate' as of March 31, 2026. The company reported nil outstanding long-term borrowings and holds a credit rating of 'IVR D' from Infomerics Valuation and Rating Ltd.
Vardhman Polytex Ltd disclosed its total financial indebtedness of ₹54.53 Crore as of March 31, 2026. This includes ₹54.38 Crore in revolving bank facilities, with a reported default amount of ₹17.33 Crore. The company reported zero outstanding unlisted debt securities for the period.
Vardhman Polytex Ltd has allotted 7,500 secured, rated, listed, redeemable Non-Convertible Debentures (NCDs) to Special Situation India Fund. The private placement aggregates to ₹75 Crore at an 18% p.a. coupon rate. These NCDs will be listed on the BSE Limited.