Vardhman Polytex Limited has informed the Exchange regarding '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 Limited reported audited financial results for FY 2025-26 with revenue from operations declining to Rs. 23,670.39 lakh from Rs. 28,498.24 lakh in the previous year, a drop of about 17%. Net profit after tax fell to Rs. 768.13 lakh from Rs. 1,492.40 lakh, down roughly 49%. The company issued fresh equity shares upon conversion of 2.41 crore warrants, increasing paid-up capital to Rs. 48.30 crore. Additionally, the company raised Rs. 75 crore through NCDs and Rs. 15 crore through OCDs, using proceeds to repay debt to Phoenix ARC. Management noted that despite net worth being fully eroded (negative equity of Rs. 19,718.10 lakh), financial statements are prepared on going concern basis as the company remains operative. Cost auditors M/s Ramanath Iyer & Co. were reappointed for FY 2026-27.
The stock may face pressure due to significant revenue and profit decline, though the auditors issued an unmodified opinion and fresh capital infusion provides some support. The negative net worth and going concern basis are key risk factors for investors.