Vardhman Polytex Announces Financial Results for FY2026; Confirms Operations and Reappoints Cost Auditor

Vardhman Polytex Announces Financial Results for FY2026; Confirms Operations and Reappoints Cost Auditor​

Vardhman Polytex Limited, through its Board of Directors meeting held on May 29, 2026, announced its audited financial results for the quarter and financial year ended March 31, 2026. The board meeting also approved the re-appointment of M/s Ramanath Iyer & Co. as the Cost Auditor for the Financial Year 2026-27.

The company continues to operate on a "Going Concern" basis despite the net worth being fully eroded. The business is segmented into Textiles and Real Estate.

Financial Performance and Segment Reporting​

The financial statements provide an overview of the performance for the year ended March 31, 2026.

Key financial metrics for the year ended March 31, 2026, include:

Balance Sheet Snapshot​

As of March 31, 2026, the company's total assets stood at 28,313.19 Lakh Rs. The total equity was reported as (19,718.10) Lakh Rs.

In terms of assets, the Total Non-Current Assets amounted to 15,264.74 Lakh Rs., driven primarily by Property, Plant and Equipment (9,501.71 Lakh Rs.) and Deferred Tax Assets (5,016.18 Lakh Rs.). Total Current Assets were 13,048.44 Lakh Rs.

The total equity and liabilities matched the total assets at 28,313.19 Lakh Rs. Non-current liabilities were dominated by Other non-current liabilities at 31,661.49 Lakh Rs.

Operational and Capital Updates​

During the quarter ended March 31, 2026, the company issued 2,41,25,000 equity shares of Re. 1/- each. These shares resulted from the conversion of an equal number of warrants issued to the promoter group entity. With this conversion, the paid up share capital of the company increased to Rs. 48,30,19,004, consisting of 48,30,19,004 equity shares of Re. 1/- each.

In real estate operations, following the November 14, 2024 filing regarding the Bathinda land monetization opportunity, the company received approval from the Bathinda Development Authority (BDA) stating its No Objection to establishing a Residential Colony. Pending project approvals, this land has been reclassified from fixed assets to inventory and is valued based on the Bathinda tehsil's collector rate for agricultural land.

Cost Auditor Re-appointment​

The board confirmed the re-appointment of M/s Ramanath Iyer & Co., Cost Accountants, as the Cost Auditor for the Financial Year 2026-27.

Details regarding the reappointment are as follows:

Auditing Confirmation​

The company confirmed that M/s Navneet Sehgal & Co., Statutory Auditors, issued an Audit Report with an unmodified opinion on the Audited Financial Results of the company for the Financial Year ended March 31, 2026.

The board also reported that the management has exercised necessary due diligence to ensure that the financial results present a true and fair view of the company's affairs, prepared in accordance with Indian Accounting Standards (IND AS).

VARDMNPOLY Stock Price Movement​

Today, Vardhman Polytex Limited shares edged higher to close at ₹6.49, marking a gain of 1.72%. The stock settled on the day amid a trading range of ₹6.25 to ₹6.5, logging a total volume of 52,284 shares.