Vardhman Polytex Limited
Incorporated in 1981, Vardhman PolytexLtd manufactures yarn and garments
What Vardhman files
- Others63
- Important36
- Board Meeting23
- QIP/Rights/Pref.15
- Updates5
- Results3
Vardhman Polytex reports 757% YoY profit growth (₹1.63 Cr vs ₹0.19 Cr) and an ₹309.55 Cr exceptional gain from debt settlement. This significantly strengthens its financial position and supports strategic asset monetization for future growth.
Vardhman Polytex's Board approved the sale of 26 Acre 6 Kanal 9 Marla land at its Ludhiana unit. This strategic move aims to augment funds for repaying outstanding liabilities and fueling future growth initiatives.
Vardhman Polytex clarified minor NSE observations regarding its Optionally Convertible Debentures (OCDs) issuance. These points, including conversion pricing based on a 10-day VWAP for QIBs, did not impact shareholder decisions, ensuring transparency for investors.
Vardhman Polytex fully settled outstanding dues with Phoenix ARC using NCD proceeds. This resolves prior defaults and will trigger an approximate Rs. 300 Cr write-back from debt settlement liabilities.
Vardhman Polytex defaulted on ₹17.33 Cr of its ₹54.38 Cr outstanding bank and financial institution loans. This highlights significant financial stress for the company.