Vardhman Polytex Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on April 16, 2026. Further, the company has informed the Exchange regarding voting results.
VARDMNPOLY · price
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Vardhman Polytex Limited held an Extraordinary General Meeting on April 16, 2026, where shareholders approved two special resolutions with near-unanimous support. Resolution 1 approved the creation, offer, issue and allotment of optionally convertible debentures on preferential basis, while Resolution 2 approved alteration of the Articles of Association of the company. Both resolutions received 100% approval with only 250 votes (0.00%) against each. Total voter turnout was 15.60 crore shares representing 32.31% of the paid-up capital. The meeting was attended by 2 promoter group shareholders and 24 public shareholders in person, with remote e-voting conducted from April 13-15, 2026 through CDSL platform. The resolutions were passed with the requisite majority as certified by scrutinizer Ashwani Kumar Khanna.
Shareholders have given strong backing to both resolutions, particularly the preferential issue of optionally convertible debentures which indicates potential capital raising or restructuring plans. The near-unanimous approval signals management confidence and could be positive for the company's strategic initiatives.