Vardhman Polytex Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on April 16, 2026
VARDMNPOLY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vardhman Polytex Limited held an Extraordinary General Meeting on April 16, 2026 at their Ludhiana facility. Two special resolutions were passed: approval to issue unlisted, secured, redeemable and optionally convertible debentures on preferential basis worth up to Rs. 25 crore, and alteration of Articles of Association to allow debenture trustees or holders to appoint an observer to the Board. Remote e-voting was conducted from April 13-15, 2026, with ballot voting available at the EGM for non-remote voters. The company clarified that NSE had raised minor clerical observations on the explanatory statement which did not require a corrigendum. Scrutinizer M/s Khanna Ashwani and Associates will declare results within two working days.
Shareholders approved a Rs. 25 crore preferential issuance of convertible debentures, which could dilute equity or add debt obligations. The new Article 131A gives debenture holders board observation rights, signalling potential lender-friendly covenants.