Vardhman Polytex Limited has informed the Exchange regarding Outcome of Board Meeting held on April 21, 2026 regarding approval of baord for sale/disposal of land situated at Ludhiana unit of the company.
VARDMNPOLY · price
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The Board of Directors of Vardhman Polytex Limited, at its meeting held on April 21, 2026, approved the sale, transfer or disposal of approximately 26 Acre 6 Kanal 9 Marla of land at the company's Ludhiana unit (Focal Point, Punjab), to be executed in one or more tranches. Member approval had already been obtained through a Postal Ballot on April 19, 2026. Chairman & Managing Director Mr. Adish Oswal has been authorised to negotiate and finalise the transaction. The company stated the proceeds will be used to repay outstanding liabilities to lenders and support future growth initiatives.
This is an asset monetisation move aimed at deleveraging the company and funding growth. Shareholders should monitor forthcoming disclosures on the actual sale price and timeline, as the real impact on stock price and balance sheet will depend on how much the land ultimately fetches.