Date: September 15, 2026
Debt Repayment Disclosure
Vardhman Polytex Ltd has made a partial repayment of ₹1,50,00,000 (Rupees One Crore Fifty Lakhs) towards the principal amount of secured, redeemable and optionally convertible debentures (OCDs) held by Special Situation India Fund.
Source of Funds
The repayment was made from advance amounts received against the sale consideration of the company's land property situated at Village Mundian Khurd, Focal Point, Ludhiana, Punjab. The entire sale consideration for this property has not yet been received by the company.
Legal Basis for Repayment
The part repayment is made pursuant to:
- Paragraph 2.3(c) of Schedule 1 of the OCD Subscription cum Trust Deed, which provides for mandatory redemption of OCDs from proceeds received from monetization of the company's mortgaged properties
- Specific instructions received from the Debenture Holder
Repayment Mechanism
The repayment of ₹1,50,00,000 is being effected through pro-rata reduction in the face value/principal amount of each of the 1,500 outstanding OCDs:
| Particulars | Before Part Redemption | After Part Redemption |
| Number of OCDs | 1,500 | 1,500 |
| Face value/principal per OCD | ₹1,00,000 | ₹90,000 |
| Aggregate principal amount | ₹15,00,00,000 | ₹13,50,00,000 |
Post-Repayment Position
Following the part repayment:
- Number of OCDs remains unchanged at 1,500
- Face value/principal amount per OCD reduced from ₹1,00,000 to ₹90,000
- Aggregate reduction in outstanding principal: ₹1,50,00,000
- Balance principal amount: ₹13,50,00,000
- Interest and other amounts remain payable according to OCD Subscription cum Trust Deed and Transaction Documents
Implementation Process
The company is coordinating with the Debenture Trustee, Debenture Holder, and RTA (Registrar and Transfer Agent) to complete:
- The part redemption process
- Required corporate formalities
- Depository formalities
- Other applicable compliance requirements