Vardhman Polytex Debt & Borrowing: ₹1 Cr
Vardhman Polytex Ltd made a ₹1 Crore part repayment towards the principal of its Optionally Convertible Debentures held by Special Situation India Fund.
- Value
- ₹1.00 Cr
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Vardhman Polytex Ltd made a ₹1 Crore part repayment towards the principal of its Optionally Convertible Debentures held by Special Situation India Fund.
Vardhman Polytex repaid ₹1.5 Crore towards the principal of its Optionally Convertible Debentures. This partial redemption reduces the face value of the outstanding debentures.
Vardhman Polytex issued Rs. 15 Crore worth of Optionally Convertible Debentures to Special Situation India Fund. Conversion price and share allotment will be determined later.
Vardhman Polytex confirms no default in loan interest or principal repayment as of June 2026. The company will discontinue quarterly default disclosures going forward.
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 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.