SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Vardhman Polytex informs about approval for sale of land

21 Apr 2026 Evaluate

Pursuant to the provisions of Regulation 30 read with Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation to earlier communication dated March 19, 2026, Vardhman Polytex has informed that the Board of Directors of the Company at its meeting held today, April 21, 2026, has considered and approved the sale, transfer, disposal, assignment or otherwise alienation of land (admeasuring 26 Acre 6 Kanal 9 Marla) and/or any part thereof situated at the Company’s Ludhiana Unit located at Focal Point, Ludhiana, Punjab, in one or more tranches. The above transaction is pursuant to the approval of the Members of the Company obtained through Postal Ballot on April 19, 2026 and such other approvals, permissions and sanctions as may be required. The Board has also authorised Adish Oswal, Chairman & Managing Director, to negotiate, finalise, execute and complete the aforesaid transaction(s) and to do all such acts, deeds and things as may be necessary in this regard. The said transaction is in line with the Company’s ongoing strategy to augment funds with the dual objective of repaying outstanding liabilities to lenders and supporting the company’s future growth initiatives. The meeting of the Board of Directors commenced at 2.30 pm and concluded at 3.00 pm.

The above information is a part of company’s filings submitted to BSE.

Vardhman Polytex Share Price

7.09 0.19 (2.75%)
04-May-2026 09:07 View Price Chart
Peers
Company Name CMP
Welspun Living 128.35
Vardhman Textiles 616.00
Arvind 400.85
K.P.R. Mill 941.95
Page Industries 37887.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×