Vardhman Polytex Announces Quarterly Results and Confirms Security Cover for Non-Convertible Debentures

Vardhman Polytex Announces Quarterly Results and Confirms Security Cover for Non-Convertible Debentures​

Vardhman Polytex Limited announced the standalone unaudited financial results for the quarter ended June 30, 2026, following a Board meeting held on August 10, 2026. The company also provided details regarding the utilization of proceeds from its Non-Convertible Debentures (NCDs) and affirmed the security cover status pertaining to these instruments.

The board approved the financial results alongside a Limited Review Report for the quarter. Key operational and financial metrics reported include:


The company reported a Net Profit Margin of 265%.

Proceeds Utilization and Debenture Compliance​

Vardhman Polytex confirmed that the proceeds raised from its Non-Convertible Debentures (NCDs) were fully utilized. The funds were raised via a Private Placement on April 6, 2026, amounting to Rs. 75 Crore. The company stated there was no deviation or variation in the use of these funds for the quarter ended June 30, 2026.

In line with regulatory requirements concerning security coverage, the Independent Auditor's Certificate provided assurance on the Statement of Security Cover and Compliance Status of Financial Covenants regarding the NCDs.

The certificate noted that the total debt includes Non-Convertible Debentures (principal Rs. 7,500.00 Lakhs) and Optionally-Convertible Debentures (principal Rs. 1,500.00 Lakhs). The security cover for the outstanding NCDs was calculated on the proportionate secured assets.

Based on the market value of immovable property and plant, which was assessed at Rs. 63,254.00 Lacs in a valuation report dated March 17, 2026, the security cover as of June 30, 2026, stood at 7.84 times the market value of the proportionate secured assets. The company was confirmed to be compliant with all financial covenants prescribed under the Debenture Trust Deed for the quarter ended June 30, 2026.

Key Dates and Investor Information​

The Board meeting concluded that day having assessed the financial performance. Looking ahead, Vardhman Polytex announced that its Annual General Meeting (AGM) is scheduled to be held on Thursday, September 24, 2026, at 11:00 AM in Ludhiana. The cut-off date for determining shareholders entitled to vote at the AGM has been fixed as September 17, 2026.

The company also provided the following details regarding its financial standing:


Vardhman Polytex Limited remains committed to transparency, providing all necessary reports including the Statement of Utilization of Issue Proceeds and Disclosure regarding Security Cover as required for its debenture holders and stakeholders.

VARDMNPOLY Stock Price Movement​

Vardhman Polytex Limited shares rallied today in the post-market session, finishing at ₹6.70 after ascending by 3.55%. The stock saw robust activity during the close, with 408,022 shares trading as it settled significantly higher.