New Launch21 Jan 2026, 12:59 pm
Vardhman Textiles Ltd. Proposes Electricity Generation Venture
AI Summary
Vardhman Textiles Ltd. announced the outcome of their Board Meeting held on 21.01.2026. The Board has approved the alteration of the object clause of the Memorandum of Association of the Company to include electricity generation from various sources, including hydel, thermal, nuclear, gaseous, solar, wind, and other non-conventional sources. This move is subject to the approval of the Company's shareholders, who will be asked to vote on the proposal via a Postal Ballot. The electricity generated can be used for captive consumption or sold to external parties.
Key Highlights
- Vardhman Textiles Ltd. proposes to set up, purchase, or acquire electricity generation plants and facilities
- The Company plans to generate electricity from various sources, including hydel, thermal, nuclear, gaseous, solar, wind, and other non-conventional sources
- The electricity generated will be used for captive consumption or sold to external parties
- The proposal is subject to the approval of the Company's shareholders via a Postal Ballot
- The alteration of the object clause of the Memorandum of Association of the Company is in compliance with SEBI regulations and master circulars