Loan & Debt18 Sept 2026, 05:50 pm
Vardhman Polytex Repays ₹1 Cr OCD Principal
AI Summary
Vardhman Polytex Ltd has made a part repayment of Rs. 1 Crore towards the principal amount of its secured, unlisted, redeemable, and optionally convertible debentures (OCDs) held by Special Situation India Fund. This repayment is funded by an advance received from the sale of its land in Ludhiana, Punjab. The repayment results in a pro-rata reduction in the face value of each OCD, from Rs. 90,000 to Rs. 83,333.33, while the total number of OCDs remains at 1,500. The outstanding principal balance now stands at Rs. 12.50 Crores, plus applicable interest and other charges.
Key Highlights
- Company repaid ₹1 Crore towards OCD principal.
- Repayment funded by land sale proceeds.
- OCD face value reduced from ₹90,000 to ₹83,333.33.
- Aggregate outstanding principal reduced to ₹12.50 Crores.
Price Impact
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