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Incorporated in 1981, Vardhman PolytexLtd manufactures yarn and garments
Vardhman Polytex faces a court order to pay Rs. 10.19 Cr plus 15% interest, stemming from a former subsidiary's minority shareholder exit. The company is appealing the decision and seeking a stay on payment within 30 days.
Vardhman Polytex held a board meeting to approve the financial results for the quarter. Net profit surged to 311.19 Cr, boosted by exceptional income from a land asset sale. The company repaid 61.19 Cr debt and fully utilized 75 Cr NCDs. Security cover for debentures stands strong at 7.84x, well...
Vardhman Polytex Limited has informed the Exchange regarding 'Book Closure For Ensuing Annual General Meeting'.
Vardhman Polytex Limited has informed the Exchange regarding 'status regarding default in payment of interest for the quarter ended 30 June 2026 with no default'.
Vardhman Polytex's board approved FY26 financial results: Revenue Rs. 236.70 Cr, PAT Rs. 7.68 Cr. It raised Rs. 90 Cr (NCDs/OCDs) to repay Phoenix ARC debt. Key plans: Bathinda residential colony, Ludhiana land sale. Issued 2.41 Cr new shares, maintaining a going concern status despite negative net worth.