Visagar Polytex Capital Structure Change
Visagar Polytex restructures capital via 100:1 consolidation and Rs.6 Cr infusion through preferential shares and warrants. Fresh capital funds textile expansion at Pali.
- Value
- ₹6.00 Cr
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Visagar Polytex restructures capital via 100:1 consolidation and Rs.6 Cr infusion through preferential shares and warrants. Fresh capital funds textile expansion at Pali.
Visagar Polytex has appointed CA Riddhi Kishor Trivedi as its Statutory Auditor for a five-year term, subject to shareholder approval at the ensuing AGM.
Visagar Polytex Limited has issued a notice convening its 43rd Annual General Meeting, scheduled for September 30, 2026.
Visagar Polytex's statutory auditor Bhatter & Associates resigned effective 07 Sept 2026 due to pre-occupation. The firm cites inability to devote time to the company's affairs.
Visagar Polytex Limited announced board approval for a Composite Scheme of Arrangement, AGM notice, auditor change, and a 6 Crore preferential issue of equity and warrants.
Visagar Polytex will hold a board meeting on September 7, 2026, to consider a draft composite scheme of arrangement and other routine corporate matters.
Visagar Polytex Ltd reported revenue from operations of ₹0.2 Cr (+100.0% YoY) and a net loss of ₹0.4 Cr for Q1 FY27.
Visagar Polytex Ltd reported a net loss of ₹0.4 Cr for Q4 FY26.