Financial Performance Highlights
- Profit for Q1 FY2027: ₹1.63 crore
- Year-over-Year Growth: 757% increase from ₹0.19 crore in June 2025 quarter
- Quarter-over-Quarter Growth: 85% increase from ₹0.88 crore in March 2026 quarter
Exceptional Item - Debt Settlement Gain
- Exceptional Gain Amount: ₹309.55 crore
- Reason: Full and final settlement of outstanding debt with Phoenix ARC
- Recognition: Recorded under Exceptional Items in financial results for quarter ended 30 June, 2026
Debt Instrument Issuance and Settlement Details
- NCD Issuance: ₹75 crore Secured, Rated, Listed, Redeemable Non-Convertible Debentures
- Listing Date: 6 April 2026 on BSE Limited
- OCD Issuance: ₹15 crore Optionally Convertible Debentures
- Allotment Date: 18 May 2026
- Proceeds Utilization: Full repayment of debt owed to Phoenix ARC, resulting in complete settlement of outstanding liability
Strategic Initiatives
- Asset Monetization: Company continues pursuit of monetizing approximately 26 acres of land at Ludhiana Unit, Focal Point, Ludhiana
- Strategic Focus: Financial consolidation, operational improvement, and sustainable long-term growth
Management Commentary
Mr. Adish Oswal, Chairman & Managing Director, stated that the profitability improvement and successful Phoenix ARC debt resolution represent an important milestone in the company's financial consolidation journey. The ₹309.55 crore exceptional gain provides a stronger foundation for sustainable growth and long-term value creation for shareholders and stakeholders.
Corporate Background
Vardhman Polytex Limited is part of the Oswal Group with diversified presence across textiles and real estate. The Group's real estate business spans residential, commercial, and office developments.