Investment19 Mar 2026, 06:42 pm
Vardhman Polytex Ltd. Announces Fundraising through Debentures and Land Sale, Alters AOA
AI Summary
Vardhman Polytex Ltd. held a board meeting on 19.03.2026, where they approved various decisions, including fundraising through the issuance of debentures and the sale of land. The company will issue up to INR 35,00,00,000 in NCDs and up to Rs.25,00,00,000 in OCDs. The company also decided to alter its Articles of Association (AOA) and hold an Extraordinary General Meeting (EGM) for shareholder approval. Additionally, the company fixed a 'Cut-off Date' for the EGM and announced a Postal Ballot for shareholder approval of the proposed sale/transfer/disposal of land situated at the Ludhiana Unit.
Key Highlights
- Vardhman Polytex Ltd. to raise funds through INR 35,00,00,000 NCDs and Rs.25,00,000 OCDs issuance
- The company decided to alter its Articles of Association (AOA)
- An Extraordinary General Meeting (EGM) will be held for shareholder approval
- A Postal Ballot has been announced for shareholder approval of land sale
- The company has fixed a 'Cut-off Date' for the EGM