VARDMNPOLYNSEVardhman Polytex Limited· Textiles - CottonMediumNeutral
Announced Thu, 28 Aug · 19:06 IST

Vardhman Polytex Limited has informed the Exchange regarding Change in Director(s) of the company.

Management Changes View source PDF

VARDMNPOLY · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

At its 45th Annual General Meeting held on August 28, 2025, Vardhman Polytex shareholders approved three key items. First, M/s Navneet Sehgal & Co., Chartered Accountants (with over 38 years of experience) were appointed as Statutory Auditors for a 5-year term until the 50th AGM in 2030. Second, M/s Harshit Arora and Associates were appointed as Secretarial Auditors for the same 5-year period. Third, Mr. Adish Oswal (DIN: 00009710) was re-appointed as Managing Director for another 3-year term, effective from November 24, 2025 to November 23, 2028. Mr. Adish Oswal is a third-generation member of the Oswal promoter family and the son of existing Director Mrs. Manju Oswal.

Likely market impact

These are routine corporate governance approvals with no negative implications. Re-appointment of the promoter-family Managing Director ensures leadership continuity at the textile company. The fresh auditor appointments for a full 5-year term suggest a stable governance reset rather than any mid-term concerns.