Vardhman Polytex Limited has informed the Exchange regarding 'General Updates regarding Statement of Deviation'.
VARDMNPOLY · price
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Awaiting price reaction for this filing.
Vardhman Polytex has informed the stock exchanges that the funds raised through its Rights Issue in October 2024 and Preferential Issue in March 2025 have been fully utilized by the quarter ended 31st March 2025. As a result, the company is discontinuing the submission of quarterly Statement of Deviation/Variation reports for these issues from the quarter ended 30th June 2025 onwards. The Audit Committee has taken note of this development. This filing is a routine compliance update under SEBI Listing Regulations.
This is a neutral, compliance-related update. It signals that the company has fully deployed the capital raised last year, which may be viewed positively as it indicates completion of its stated fundraising objectives. No new financial impact on shareholders.