NSEUpdates2d ago · 29 Oct 2026, 05:20 pm
Updates
Vardhman Polytex Limited · VARDMNPOLY
✦ AI Summary▼ NegativeInsolvency
Vardhman Polytex Limited has received an intimation from an operational creditor, M/s Bhagwati Cotton Company, regarding the filing of an application under the Insolvency and Bankruptcy Code (IBC) for a claim amount of Rs. 40.70 Crore.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact2/10
Market Sentiment2/10
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Full Announcement
Vardhman Polytex Limited has informed the Exchange regarding 'Intimation regarding filing of application under IBC by Operational Creditor'.
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VARDMNPOLY_29102026171908_Intimation_IBC_Bhagwati_29Oct2026.pdf
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29 October, 2026
The Listing Department, The Listing Department,
National Stock Exchange of India Limited BSE Limited
“Exchange Plaza”, C-1, Block-G, 25% Floor,
Bandra - Kurla Complex, P.J. Towers,
Bandra (E), Dalal Street Fort,
Mumbai - 400051 Mumbai- 400001
SCRIP CODE: 514175 (Equity)
SCRIP CODE: VARDMNPOLY
SCRIP CODE: 977714 (Debt)
Subject: Intimation regarding Filing of application under IBC by Operational
Creditor
Pursuant to the regulation 30, 51 and other applicable provisions of the Securities
and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, it is hereby informed that the company has received intimation
with respect to filing of application under section 9 of Insolvency and Bankruptcy
Code, 2016 by Operational Creditor (M/s Bhagwati Cotton Company through its
proprietor- Mr. Sushil Kumar) on 28% October, 2026 before National Company Law
Tribunal (NCLT) at Chandigarh for claim amount of Rs. 40.70 Crore (Rs. 28.08 Crore
as Principle and Rs. 12.62 Crore as Interest).
This is for your Information and Record please.
Thanking you,
Yours truly,
For Vardhman Polytex Limited
Ajay K. Ratra
Company Secretary
Vardhman Polytex Ltd
Regd. & Corp. Office: Vardhman Park, | www.vpl.in
An Oswal Group®Company
Chandigarh Road Ludhiana - 141123 info@vpl.in
CIN: L17122PB1980PLC004242 Punjab (India). Tel: +91-161-6629888