Outcome of board meeting held on 29.05.2026 inter-alia to consider and approve the audited financial results for the period ended 31.03.2026 is attached
VARDMNPOLY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vardhman Polytex Ltd reported FY26 revenue of Rs 236.70 crore, down 17% from Rs 284.98 crore in FY25. Net profit after tax fell to Rs 7.68 crore from Rs 14.92 crore in the prior year, a decline of about 49%. Despite reporting profitability, the company’s net worth remains deeply negative at Rs -197.18 crore as Other Equity stands at Rs -245.48 crore. The management has prepared the financial statements on a ‘going concern’ basis despite fully eroded net worth. The company issued Rs 75 crore NCDs in April 2026 and Rs 15 crore OCDs in May 2026, fully repaying debt to Phoenix ARC. Share capital increased to Rs 48.30 crore due to conversion of 2.41 crore warrants. Auditors issued an unmodified opinion on the financial results.
The company shows revenue and profit decline year-on-year, with deeply negative net worth raising serious concerns about financial health despite auditors giving clean opinion. The stock may face pressure due to negative equity and going concern basis of accounts.