Vardhman Polytex Limited has informed the Exchange regarding Change in Auditors of the company.
VARDMNPOLY · price
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At its 45th Annual General Meeting held on 28 August 2025, shareholders of Vardhman Polytex approved the appointment of M/s Navneet Sehgal & Co., Chartered Accountants (Ludhiana-based, 38+ years of experience) as Statutory Auditors for a 5-year term until the 50th AGM in 2030. M/s Harshit Arora and Associates, Company Secretaries, was also appointed as Secretarial Auditors for the same 5-year period. Additionally, Mr. Adish Oswal (DIN: 00009710), a third-generation entrepreneur of the promoter Oswal family with 22+ years in textiles and 10 years in real estate, was re-appointed as Managing Director for 3 years effective 24 November 2025 to 23 November 2028.
This is a routine governance update — statutory auditor rotation as per regulatory norms and a continuation of promoter family leadership, so minimal direct impact on the stock is expected. Shareholders may note the continued involvement of the Oswal family in running the company.