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.

Analysis Scores

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