Vardhman Polytex Ltd

OCD partial repayment

• Rs 1.50 crore paid as part repayment of OCDs held by Special Situation India Fund.
• Pro-rata reduction in face value per OCD from Rs 83,225.39 to Rs 73,225.39.
• Number of OCDs remains 1,500 after repayment.
• Aggregate principal before part repayment: Rs 12,48,38,079.38.
• Aggregate principal after part repayment: Rs 10,98,38,079.38.
• Balance principal after repayment remains Rs 10,98,38,079.38 plus interest.

Part repayment of OCDs

• Rs 1.50 crore paid toward part redemption of OCDs held by Special Situation India Fund.
• Number of OCDs remains 1,500; pro-rata reduction applied.
• Face value per OCD reduced from Rs 83,225.39 to Rs 73,225.39.
• Aggregate principal reduces from Rs 12,48,38,079.38 to Rs 10,98,38,079.38.
• Balance principal after repayment: Rs 10,98,38,079.38 plus interest and other amounts.

Partial OCD repayment update

• Partial repayment of secured OCDs by Vardhman Polytex Limited to Special Situation India Fund.
• Rs 1.00 crore payment; Rs 1,61,920.62 reduced principal; Rs 98,38,079.38 booked as interest.
• Face value per OCD reduced to Rs 83,225.39 from Rs 83,333.33.
• Aggregate principal declines from Rs 12,50,00,000 to Rs 12,48,38,079.38.
• Outstanding balance after payment remains Rs 12,48,38,079.38 plus interest and amounts per OCD terms.
• Number of OCDs remains 1,500.

OCD partial repayment details

• Partial repayment towards secured OCDs held by Special Situation India Fund.
• Rs 1 crore paid towards part repayment of OCDs.
• Rs 1,61,920.62 allocated as pro-rata reduction in OCD face value.
• Rs 98,38,079.38 allocated as interest from the payment.
• Number of OCDs remains 1,500; face value per OCD now Rs 83,225.39.
• Aggregate principal amount reduces from Rs 12,50,00,000 to Rs 12,48,38,079.38.
• Balance principal after repayment remains Rs 12,48,38,079.38 plus interest and other amounts payable.
• Payment aligns with OCD Subscription cum Trust Deed terms.

OCD partial redemption update

• Rs 1 crore paid Sep 25, 2026 toward partial OCD redemption for Special Situation India Fund.
• Payment funded from advance proceeds against sale consideration of Ludhiana land; full sale consideration not yet received.
• Redemption under OCD deed via monetisation of mortgaged properties, per Schedule 1, paragraph 2.3(c).
• No timing for full repayment; remains contingent on monetisation progress.

Vardhman Polytex Ltd – Closure of Trading Window

AGM Details

• AGM held 24 Sep 2026 at 11:00 AM, in person at the registered office; remote e-voting available.
• Record date for members: 17 Sep 2026.
• Voting cut-off date for e-voting: 17 Sep 2026.

Resolutions

• Resolution 1 (ordinary): Adopt Audited Financial Statements for year ended 31 March 2026.
• Resolution 2 (ordinary): Reappointment of Mrs. Manju Oswal as director by rotation.
• Resolution 3 (special): Ratify remuneration of Cost Auditors for year ending 31 March 2027.

Voting Results

• Resolution 1 passed by requisite majority with 5 dissenting votes.
• Resolution 2 passed by requisite majority with 6 dissenting votes.
• Resolution 3 passed by requisite majority with 5 dissenting votes.

Auditor/Remuneration

• Cost Auditors' remuneration ratified for FY ending 31 March 2027.

AGM details

• Date and time: 24 September 2026, at 11:00 AM.
• Mode: Physical AGM with remote e-voting (Sept 21–23, 2026) and on-site ballot voting.
• Venue: Vardhman Park, Chandigarh Road, Ludhiana, Punjab.
• Notice circulated to shareholders via email and on the company website.

Key resolutions

• Item 1: Adoption of Audited Financial Statements for year ended 31 March 2026.
• Item 2: Re-appointment of Mrs. Manju Oswal (DIN 00009449) who retires by rotation.
• Item 3: Ratify remuneration of Cost Auditors for financial year ending 31 March 2027.

Director changes

• Re-appointment of Mrs. Manju Oswal by rotation.

Part redemption details

• Date of payment: Sept 18, 2026; amount Rs 1,00,00,000 paid toward OCD principal.
• Outstanding OCDs: 1,500; face value reduced from Rs 90,000 to Rs 83,333.33.
• Aggregate principal reduced from Rs 13.50 crore to Rs 12.50 crore.
• Payment funded from advances against Ludhiana land sale; full sale consideration not yet received.
• Coordination ongoing with Debenture Trustee, Debenture Holder, and RTA to complete formalities.
• Remaining principal after redemption: Rs 12.50 crore, plus interest and other amounts as per terms.