Vardhman Polytex Approves Sale of Ludhiana Unit Land via Postal Ballot
Vardhman Polytex Limited shareholders approved the sale of land at its Ludhiana unit via postal ballot. The resolution passed with 99.99% votes in favour. E-voting occurred from March 21 to April 19, 2026. Promoters did not participate in the voting.
The sale of a company asset like land can have a medium-term financial impact, potentially improving liquidity or allowing for strategic reallocation of resources.
The resolution to sell land was passed with an overwhelming majority, indicating shareholder confidence and support for the company's strategic decisions.
Vardhman Polytex Limited announced the outcome of its postal ballot, which sought shareholders' approval for the sale, transfer, or disposal of land located at the company's Ludhiana unit. The e-voting period for this resolution ran from March 21, 2026, to April 19, 2026.
The company confirmed that the resolution was passed with the requisite majority through special resolution. The voting results and the consolidated scrutinizer's report, dated February 20, 2026, were submitted in compliance with SEBI (LODR) Regulations, 2015, and the Companies Act, 2013.
According to the results, the special resolution for the sale of land received overwhelming support. Out of the total votes polled, 135,702,195 votes were in favour, representing 99.99% of the votes, while only 8,884 votes were against. Promoters and the promoter group did not participate in the voting as per Regulation 37A of SEBI LODR. The record date for determining shareholders eligible to vote was March 13, 2026. The total number of shareholders on the record date was 34,763.
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Vardhman Polytex Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Vardhman Polytex Limited. Read the original for the full detail.