Vardhman Polytex Ltd

Vardhman Polytex Annual General Meeting

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 Annual General Meeting

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.

Value

₹25.00 Cr

Vardhman Polytex Share Pledge

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.

Vardhman Polytex Share Pledge

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 Debt & Borrowing: ₹300 Cr

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.

Value

₹300.0 Cr

Vardhman Polytex Other Announcement

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 Debt & Borrowing

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 Debt & Borrowing: ₹54.53 Cr

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.

Value

₹54.53 Cr

Vardhman Polytex Debt & Borrowing: ₹75 Cr

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.

Value

₹75.00 Cr