Loan & Debt29 Sept 2026, 06:11 pm
Vardhman Polytex Repays ₹1.5 Cr of OCD Principal
AI Summary
Vardhman Polytex Ltd. announced a part repayment of ₹1.50 crore towards its secured, unlisted, redeemable, and optionally convertible debentures (OCDs) held by Special Situation India Fund. The payment, made on September 29, 2026, resulted in a pro-rata reduction in the face value of each of the 1,500 outstanding OCDs, decreasing from ₹83,225.39 to ₹73,225.39. This action has reduced the aggregate principal amount of the OCDs from ₹12,48,38,079.38 to ₹10,98,38,079.38, thereby lowering the company's overall debt obligations.
Key Highlights
- Company repaid ₹1.50 crore of OCD principal.
- Payment reduced face value of 1,500 OCDs.
- Aggregate principal debt decreased to ₹10.98 crore.
- Reduces debt obligations for the company.
Price Impact
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