Vardhman Polytex Limited has informed the Exchange regarding 'Disclosure regarding details on payment of Interest or repayment of Principal amount of loan in respect of Quarter ended 31 December 2025'.
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Vardhman Polytex Limited has disclosed its loan repayment status to the exchanges for the quarter ended 31 December 2025. The company has total financial indebtedness of INR 55.82 crore, of which INR 55.67 crore is in revolving facilities (cash credit) from banks and financial institutions. Of this outstanding bank loan, INR 29.67 crore is currently in default, meaning the company has failed to repay or service about 53% of its bank borrowings on time. There are no unlisted debt securities (NCDs or NCRPS) outstanding. The disclosure was made under SEBI's requirement for listed companies to share details of any defaults on loans from banks and financial institutions.
This is a negative signal for shareholders. A default of nearly 30 crore on bank loans indicates serious liquidity stress and raises concerns about the company's ability to service its debt. Investors should monitor for any further developments on debt restructuring, additional defaults, or impact on operations.