Vardhman Textiles Limited has informed the Exchange about the Outcome of Postal Ballot ended on 11.03.2026.
VTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vardhman Textiles shareholders have approved, through a postal ballot that ended on March 11, 2026, the addition of a new sub-clause (xxxiv) to the object clause of the company's Memorandum of Association. The new clause permits the company to set up, purchase, acquire, manage, and operate electricity generation plants using all types of energy sources including hydel, thermal, nuclear, gaseous, solar, wind, and other non-conventional sources. The generated electricity can be used for the company's own captive consumption or sold to external parties. This effectively broadens the company's permitted business activities from textiles into the power generation sector.
This is a strategic expansion that gives Vardhman the flexibility to either set up captive power plants (reducing its electricity costs across textile operations) or enter the power business as a new revenue stream. For shareholders, this signals a diversification move that could lower input costs over time and open a new growth vertical, though actual execution would depend on future board decisions and investments.