Vardhman Polytex Limited has made a disclosure pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company has received intimation regarding the filing of an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 by an operational creditor. The application was filed by M/s Bhagwati Cotton Company through its proprietor, Mr. Sushil Kumar.
The application was filed on 28 October 2026 before the National Company Law Tribunal (NCLT) at Chandigarh.
The total claim amount is ₹40.70 crore, which consists of:
- ₹28.08 crore as principal amount
- ₹12.62 crore as interest component
The disclosure was signed by Ajay K. Ratra, Company Secretary of Vardhman Polytex Limited, and submitted to both the National Stock Exchange of India Limited and BSE Limited.
Financial Impact
The potential financial impact involves a claim of ₹40.70 crore, though the actual liability and outcome are subject to NCLT proceedings.