Outcome of board meeting held on 29.05.2026 interalia to consider and approve the reappointment of cost auditors of the company for FY 2026-27
VARDMNPOLY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vardhman Polytex reported FY2026 results with total income of Rs 24,588 lakh, down 21% from Rs 31,107 lakh in FY2025. Net profit after tax declined 48.5% to Rs 768 lakh from Rs 1,492 lakh. Basic EPS fell to Rs 0.17 from Rs 0.45. Despite net worth being fully eroded at negative Rs 19,718 lakh, management prepared accounts on going concern basis. The company issued Rs 75 crore NCDs in April 2026 and Rs 15 crore OCDs in May 2026, using proceeds to fully repay Phoenix ARC debt. Cost auditors M/s Ramanath Iyer & Co. were reappointed for FY2026-27. Textiles segment showed loss of Rs 338 lakh while real estate contributed Rs 2,004 lakh profit. Operating cash flow remained negative at Rs 3,033 lakh.
The company faces severe financial stress with negative net worth and declining revenues, though recent debt restructuring and asset sales provide some relief. The going concern basis indicates material uncertainty about sustainability.