Vardhman Polytex Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
VARDMNPOLY · price
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On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and in line with its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Vardhman Polytex Limited has announced that shareholders have approved the sale, transfer, or disposal of land (with or without structures) at the company's Ludhiana unit through a postal ballot. The special resolution was passed with 99.99% majority votes in favor (135,693,311 votes for vs 8,884 against) out of 135,702,195 votes polled. The e-voting period ran from March 21, 2026 to April 19, 2026. Notably, promoters did not participate in the voting as per SEBI LODR Regulation 37A. The resolution required special majority approval and has now received shareholder consent.
This asset sale approval gives the company flexibility to monetize its Ludhiana land holdings. While positive as it may reduce debt or fund operations, the sale of manufacturing unit land could raise questions about the company's future production plans at that location.