Vardhman Polytex Limited — Important, 10-03-2025: General Updates

The board has approved the closure of its manufacturing unit in Ludhiana. This decision is part of the company's strategy to explore the monetization of real estate potential on the site. The initiative aims to enhance liquidity to repay liabilities to lenders and support future growth.

In the last financial year, the unit contributed approximately ₹7,315.37 crore to revenue, which accounted for about 79.14% of total revenue. However, the company reported a negative net worth of ₹36,103.76 lakh. Operations at the facility are expected to cease by March 31, 2025. This move could streamline cash flows and provide new funding opportunities for the company's expansion plans. Investors should monitor the situation closely for its potential impact on financial health and strategic direction.