Visagar Polytex proposes share capital reduction and preferential issue

Visagar Polytex Limited has announced a Composite Scheme of Arrangement involving a reduction of share capital and a preferential issue of equity shares and warrants. This restructuring aims to reflect the company's assets and liabilities at their realizable value and enhance overall business value. The scheme is presented under various sections of the Companies Act, 2013, and SEBI regulations. The company reported accumulated losses of ₹30,89,52,786/- as of March 31, 2026, and has ₹1,21,80,000/- in its Share Forfeiture Account. The proposed capital restructuring is intended to strengthen the company's financial position, improve its net worth, and facilitate future business growth.