Vardhman Polytex Limited — Others, 30-05-2025: Appointment

Vardhman Polytex Ltd reported revenue of Rs. 311.07 Cr and a net profit of Rs. 24.06 Cr for the period. Despite complete erosion of net worth, management remains confident in business continuity and is preparing accounts on a going concern basis. The company re-appointed M/s Ramanath Iyer & Co. as cost auditors for FY 2025-26. It settled with its sole lender, Phoenix ARC, agreeing to repay debt by September 2026. The reclassification of Bathinda land from fixed assets to inventory reflects progress in real estate projects, supporting operational focus in textiles and real estate.