Vardhman Polytex Limited — Important, 30-05-2025: General Updates

Vardhman Polytex Ltd posted a net loss of Rs. 26.76 Cr for the year, with net worth fully eroded, but continues as a going concern. Debt refinancing is underway with Phoenix ARC as the sole lender, repayable by September 2026. The company issued 7.24 crore warrants worth Rs. 90.92 Cr to promoters, partially converted, raising paid-up share capital to Rs. 45.89 Cr. Core businesses include textiles and real estate, with land reclassified to inventory as part of monetization efforts. The company has announced a board meeting to approve the financial results for the quarter and half-year.