Vardhman Polytex MD, chairman, board of directors and AGM
NSE: VARDMNPOLYBSE: 514175Textiles & ApparelsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹5.12.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹258 Cr2,095th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 10 Aug 2026
- 0.8
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹310 crore of one-off items, the largest of them in the quarter to Jun 2026.
- 28.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
- Shares changed
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business.
- Net worth zero or below
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- Net worth zero or below
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 80,65863.1% delivered
Vardhman Polytex board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorADISH OSWAL
- Company Secretary and Compliance OfficerAJAY K. RATRA
6 directors3 independent1 executive2 non-executive
- ADISH OSWAL · Chairperson and managing directorExecutive · joined Aug 2009 · 1 listed board · 1 committee seat
- MANJU OSWALNon-executive · joined Aug 2017 · 1 listed board · 2 committee seats, 1 as chair
- SURESH KUMAR BANKANon-executive · joined Sep 2020 · 1 listed board
- SANCHI TANEJAIndependent · joined Jul 2023 · reappointed Jul 2023 · 48 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- ROHIT JAINIndependent · joined Mar 2024 · reappointed Mar 2024 · 36 months as independent · 1 listed board · 1 as independent · 1 committee seat
- SHUBHAM JAINIndependent · joined Dec 2025 · reappointed Dec 2025 · 60 months as independent · 1 listed board · 1 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- SAGAR BHATIA, left 3 Dec 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 17 Sep 20265 of 6 present3 independent · no day in between
- 16 Sep 20265 of 6 present3 independent · no day in between
- 15 Sep 20266 of 6 present3 independent · 5 days in between
- 9 Sep 20266 of 6 present3 independent · 29 days in between
7 earlier meetings
- 10 Aug 20266 of 6 present3 independent · 9 days in between
- 31 Jul 20265 of 6 present3 independent · 26 days in between
- 4 Jul 20265 of 6 present3 independent · 35 days in between
- 29 May 20266 of 6 present3 independent · 10 days in between
- 18 May 20265 of 6 present3 independent · 26 days in between
- 21 Apr 20266 of 6 present3 independent · 14 days in between
- 6 Apr 20266 of 6 present3 independent
Audit Committee
Chair SANCHI TANEJA
MANJU OSWAL, ROHIT JAIN
- 10 Aug 20263 of 3 present2 independent · 72 days in between
- 29 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair SANCHI TANEJA
MANJU OSWAL, ROHIT JAIN
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair MANJU OSWAL
ADISH OSWAL, SANCHI TANEJA
- 10 Aug 20263 of 3 present1 independent · 72 days in between
- 29 May 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair ADISH OSWAL
MANJU OSWAL, SANCHI TANEJA
- 10 Aug 20263 of 3 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- NAVNEET SEHGAL & CO.Peer-review certificate valid to Jul 2028
1 earlier auditor
- Romesh K. Aggarwal and AssociatesNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Vardhman Polytex AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Vardhman Polytex dividend history
Annual general meeting, 24 Sep 2026
35,049 shareholders on the register on 17 Sep 2026; present: 19 promoters and 22 others; votes counted by ASHWANI KUMAR KHANNA / KHANNA ASHWANI AND ASSOCIATES.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Reports of Auditors and Directors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 38.59% · promoters 87.08% · institutions 0.00% · other public 5.95%
- To appoint a Director in place of Mrs. Manju Oswal (DIN- 00009449), who retires by rotation in accordance with Articles of Association and being eligible, offers herself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 38.59% · promoters 87.08% · institutions 0.00% · other public 5.95%
- To ratify the remuneration of the Cost Auditors for the financial year ending 31st March, 2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 38.59% · promoters 87.08% · institutions 0.00% · other public 5.95%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 19 Apr 2026, 1 resolution
34,763 shareholders on the register on 13 Mar 2026; votes counted by ASHWANI KUMAR KHANNA / KHANNA ASHWANI AND ASSOCIATES.The company's voting result (opens in a new tab)
- APPROVAL FOR SALE / TRANSFER / DISPOSAL OF LAND WITH OR WITHOUT ANY STRUCTURES THEREON SITUATED AT THE COMPANY’S LUDHIANA UNITSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 29.57% · promoters 0.00% · institutions 0.00% · other public 45.27%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 16 Apr 2026, 2 resolutions
34,576 shareholders on the register on 9 Apr 2026; present: 17 promoters and 24 others; votes counted by ASHWANI KUMAR KHANNA / KHANNA ASHWANI AND ASSOCIATES.The company's voting result (opens in a new tab)
- TO CREATE, OFFER, ISSUE AND ALLOT OPTIONALLY CONVERTIBLE DEBENTURES ON PREFERENTIAL BASISSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 34.01% · promoters 99.06% · institutions 0.00% · other public 0.19%
- TO CONSIDER ALTERATION OF ARTICLES OF ASSOCIATIONS OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 34.01% · promoters 99.06% · institutions 0.00% · other public 0.19%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 22 Feb 2026, 1 resolution
34,258 shareholders on the register on 16 Jan 2026; votes counted by ASHWANI KUMAR KHANNA / KHANNA ASHWANI AND ASSOCIATES.The company's voting result (opens in a new tab)
- TO CONSIDER AND APPROVE THE APPOINTMENT OF MR. SHUBHAM JAIN (DIN: 11397574) AS INDEPENDENT DIRECTOR.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.01%
Turnout: all 33.94% · promoters 99.06% · institutions 0.00% · other public 0.07%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 28 Aug 2025, 6 resolutions
32,709 shareholders on the register on 21 Aug 2025; present: 20 promoters and 20 others; votes counted by ASHWANI KUMAR KHANNA / KHANNA ASHWANI AND ASSOCIATES.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2025, together with the Reports of Auditors and Directors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.46% · promoters 99.19% · institutions 0.00% · other public 26.72%
- To appoint a Director in place of Mr. Suresh Kumar Banka (DIN- 08847246), who retires by rotation in accordance with Articles of Association and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.46% · promoters 99.19% · institutions 0.00% · other public 26.72%
- Appointment of Statutory Auditors of the companyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.46% · promoters 99.19% · institutions 0.00% · other public 26.72%
- To ratify the remuneration of the Cost Auditors for the financial year ending 31st March, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.46% · promoters 99.19% · institutions 0.00% · other public 26.72%
- Appointment of Secretarial Auditors of the companyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.46% · promoters 99.19% · institutions 0.00% · other public 26.72%
- Reappointment of Mr. Adish Oswal (DIN: 00009710) as Managing Director of the companySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.46% · promoters 99.19% · institutions 0.00% · other public 26.72%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 17 Jan 2025, 1 resolution
27,222 shareholders on the register on 10 Jan 2025; present: 15 promoters and 21 others; votes counted by ASHWANI KUMAR KHANNA / KHANNA ASHWANI AND ASSOCIATES.The company's voting result (opens in a new tab)
- TO CREATE, OFFER, ISSUE AND ALLOT CONVERTIBLE WARRANTS ON PREFERENTIAL BASISSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 30.51% · promoters 98.90% · institutions 0.00% · other public 0.14%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 27 Sep 2024, 3 resolutions
Present: 21 promoters and 18 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2024, together with the Reports of Auditors and Directors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.38%
Turnout: all 48.77% · promoters 99.01% · institutions 0.00% · other public 0.25%
- To appoint a Director in place of Mrs. Manju Oswal (DIN- 00009449), who retires by rotation in accordance with Articles of Association and being eligible, offers herself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.63%
Turnout: all 48.77% · promoters 99.01% · institutions 0.00% · other public 0.25%
- To ratify the remuneration of the Cost Auditors for the financial year ending 31st March, 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.48%
Turnout: all 48.83% · promoters 99.01% · institutions 0.00% · other public 0.25%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 4 May 2024, 4 resolutions
The company's voting result (opens in a new tab)
- TO CONSIDER AND APPROVE SUB-DIVISION/SPLIT OF EQUITY SHARES OF THE COMPANY HAVING FACE VALUE OF RS. 10/- PER SHARE TO RE. 1/- PER SHARESpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.94%
Turnout: all 49.11% · promoters 99.86% · institutions 0.00% · other public 0.10%
- TO CONSIDER AND APPROVE THE ALTERATION OF CAPITAL CLAUSE OF MEMORANDUM OF ASSOCIATION OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.95%
Turnout: all 49.11% · promoters 99.86% · institutions 0.00% · other public 0.10%
- TO SELL, LEASE OR OTHERWISE DISPOSEOF INEFFICIENT, OBSOLETE AND REDUNDANT PLANT & MACHINERY SITUATED AT BATHINDA UNIT OF COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.95%
Turnout: all 49.11% · promoters 99.86% · institutions 0.00% · other public 0.10%
- TO CONSIDER AND APPOINT MR. ROHIT JAIN (DIN: 07950251) AS INDEPENDENT DIRECTORSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.80%
Turnout: all 49.11% · promoters 99.86% · institutions 0.00% · other public 0.10%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Reason and comments |
|---|---|---|---|---|---|---|
| Preferential IssuesMar 2026 | 6.12 | – | – | No | Audit committee: No comments as there is no deviation/variation in use of funds raisedAuditors: No comments as there is no deviation/variation in use of funds raised | |
| Preferential IssuesMar 2026 | 6.59 | – | – | No | Audit committee: No comments as there is no deviation/variation in use of funds raisedAuditors: No comments as there is no deviation/variation in use of funds raised | |
| Preferential IssuesMar 2026 | 7.06 | – | – | No | Audit committee: No comments as there is no deviation/variation in use of funds raisedAuditors: No comments as there is no deviation/variation in use of funds raised | |
| Preferential IssuesMar 2026 | 2.94 | – | – | No | Audit committee: No comments as there is no deviation/variation in use of funds raisedAuditors: No comments as there is no deviation/variation in use of funds raised | |
| Preferential IssuesMay 2026 | 15.00 | – | – | No | Audit committee: No comments as there is no deviation/variation in use of funds raisedAuditors: No comments as there is no deviation/variation in use of funds raised |