Vardhman Polytex Limited has informed the Exchange regarding 'Details on Payment of interest/ repayment of principal amount of loan from banks/financial institutions and unlisted debt securities'.
VARDMNPOLY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vardhman Polytex has disclosed its loan repayment status to the exchanges for the quarter ended 30 June 2025. The company has total outstanding revolving credit facilities (cash credit and similar) of INR 58.20 crore from banks and financial institutions. Of this, an amount of INR 14.52 crore is in default as on the reporting date. The company has no outstanding unlisted debt securities such as NCDs or NCRPS. Total overall financial indebtedness stands at INR 58.35 crore, meaning roughly 25% of its bank borrowings are in default.
This disclosure signals serious financial stress — a default of INR 14.52 crore on bank borrowings is likely to be classified as a non-performing asset (NPA) by lenders, which could trigger penalty charges, recovery actions, and tighter future credit access. Shareholders should view this as a negative development that may weigh on the stock price and reflects underlying liquidity/cash flow challenges at the company.