Annual Report of the Company for FY 2024-25 alongwith Notice of 45th Annual General Meeting scheduled to be held on Thursday,28th August,2025 at 11:00 AM at registered office of the company ....
VARDMNPOLY · price
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Vardhman Polytex Ltd has filed its Annual Report for FY 2024-25 along with the Notice of its 45th Annual General Meeting scheduled for Thursday, 28th August 2025 at 11:00 AM at the registered office in Ludhiana. Revenue from operations fell sharply to Rs. 28,498.24 lakh in FY25 from Rs. 37,063.81 lakh in FY24, but the company returned to profit, posting a profit before and after tax of Rs. 1,492.40 lakh versus a loss of Rs. 2,675.98 lakh last year. The Chairman acknowledged a challenging year marked by the closure of the Bathinda unit in FY24 and the Ludhiana unit in March 2025, with the company now focused on monetising real estate assets at both locations. The only manufacturing unit now operational is at Nalagarh (Himachal Pradesh). Key AGM items include reappointment of Mr. Suresh Kumar Banka, appointment of new statutory auditors M/s Navneet Sehgal & Co. for 5 years at Rs. 9 lakh per year, and reappointment of Mr. Adish Oswal as Managing Director for 3 years at Rs. 30 lakh per month.
Shareholders will vote on significant agenda items including leadership continuity (MD reappointment) and a shift toward real estate monetisation as the textile business shrinks. Revenue has declined for a second straight year and only one manufacturing unit remains, signalling a major business restructuring that could materially affect the stock's risk profile.