Vardhman Polytex Limited — Important, 14-02-2025: General Updates

The company has provided an update regarding the land at its Bathinda unit, following prior communication about monetization plans. The Board of Directors has received a No Objection approval from the Bathinda Development Authority for establishing a residential colony, contingent upon further regulatory approvals. In light of this, the land has been reclassified from fixed assets to inventory and now holds a fair value based on agricultural land rates from the Bathinda Tehsil's collector list. A comprehensive market valuation will be conducted once the sellable area is accurately determined. This strategic move may enhance funding avenues for future developments. Investors should monitor the progress of regulatory approvals, as successful execution could signify positive growth potential for the company.