BSECompany Update8h ago · 12 Nov 2026, 09:40 am
Intimation regarding amicable settlement with operational creditor is enclosed
Vardhman Polytex Ltd · 514175
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Vardhman Polytex Ltd has reached an amicable settlement with its operational creditor, M/s. Bhagwati Cotton Company, regarding outstanding dues. The company will take necessary steps as per the mutual understanding and keep the stock exchanges informed of further developments.
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Vardhman Polytex Ltd - 514175 - Intimation Regarding Amicable Settlement With Operational Creditor
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1ARPyy,
November 12, 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: VARDMNPOLY SCRIP CODE: 514175 (Equity)
977714 (Debt)
Subject: Disclosure under Regulation 30 and 51 of SEBI LODR, 2015 - Intimation
regarding amicable settlement with M/s. Bhagwati Cotton Company
(Operational Creditor)
Dear Sir/Madam,
With reference to our earlier intimation dated 29th October, 2026, regarding filing of an
application under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s.
Bhagwati Cotton Company, in its capacity as an Operational Creditor, against Vardhman
Polytex Limited (“the Company”) before the Hon'ble National Company Law Tribunal,
Chandigarh Bench, we wish to inform you that an amicable settlement has been
arrived at between the Company and M/s. Bhagwati Cotton Company in relation
to the outstanding dues forming the subject matter of the aforesaid proceedings.
The Company shall take necessary steps in accordance with the mutual understanding and
proceed. The Company will keep the Stock Exchanges apprised of further material
developments in the matter, as and when they arise.
You are requested to take the above information on record.
Thanking you,
Yours faithfully,
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 g