Date: November 12, 2026
Other Operational / Legal / Strategic Disclosures
Vardhman Polytex Limited has reached an amicable settlement with M/s. Bhagwati Cotton Company, which had filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the company. The application was filed before the Hon'ble National Company Law Tribunal, Chandigarh Bench, with M/s. Bhagwati Cotton Company acting as an Operational Creditor.
The settlement resolves the outstanding dues that were the subject matter of the insolvency proceedings. The company intimated that it shall take necessary steps in accordance with the mutual understanding reached between the parties. Vardhman Polytex Limited committed to keeping the stock exchanges apprised of any further material developments in this matter as they arise.
This disclosure references the company's earlier intimation dated October 29, 2026, regarding the filing of the insolvency application.