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Vardhman Textiles Shareholders Approve MoA Object Clause Alteration with 99.99% Majority
Vardhman Textiles Limited (VTL) has successfully passed a special resolution to alter the Object Clause of its Memorandum of Association (MoA). The resolution received overwhelming support, with 99.9991% of the votes cast in favor. A total of 242.22 million shares were polled, representing approximately 83.74% of the company's total paid-up share capital. This structural change was approved via a postal ballot process that concluded on March 11, 2026.
Key Highlights
Special resolution to alter the MoA Object Clause passed with 99.9991% approval from voting shareholders.
Total voter turnout represented 83.74% of the total share capital, with 242,220,787 votes polled.
Promoter group and Public Institutions both showed 100% support for the resolution among those who participated in the vote.
The resolution is officially deemed passed as of March 11, 2026, following the scrutinizer's report submission.
💼 Action for Investors
Investors should stay tuned for subsequent disclosures regarding specific new business activities or expansions enabled by this MoA change. No immediate portfolio action is required as this is a regulatory approval for future flexibility.
Vardhman Textiles Shareholders Approve MoA Amendment to Enter Power Generation Sector
Vardhman Textiles (VTL) has received shareholder approval via a postal ballot concluded on March 11, 2026, to amend its Memorandum of Association. The amendment allows the company to set up, acquire, and manage electricity generation facilities across various sources including solar, wind, and thermal. This strategic move enables VTL to generate power for captive consumption, which can significantly reduce energy costs, or for sale to third parties. The formal inclusion of these objects provides the legal framework for future expansion into energy-related infrastructure.
Key Highlights
Shareholders approved the insertion of sub-clause (xxxiv) into Clause III (B) of the Memorandum of Association.
The company is now authorized to generate electricity from hydel, thermal, nuclear, solar, and wind sources.
Power generation can be utilized for captive consumption or sold to external third parties.
The postal ballot process was completed on March 11, 2026, following an initial board intimation in January 2026.
💼 Action for Investors
Investors should monitor for upcoming announcements regarding specific capital expenditure plans for renewable energy projects, which could improve long-term margins. This diversification into power generation is a positive step toward energy self-sufficiency and cost management.
Vardhman Textiles Commences Commercial Production of 31 Million Meters Fabric Capacity Expansion
Vardhman Textiles Limited (VTL) has officially commenced commercial production at its new processing line in Budhni, Madhya Pradesh. This expansion adds approximately 31 million meters per annum to the company's existing processed fabric capacity. The project is a culmination of the capex plan previously announced in November 2024 and January 2025. This operational milestone is expected to drive revenue growth in the fabric segment and improve overall production efficiency.
Key Highlights
Commencement of commercial production at the Budhni facility in Madhya Pradesh as of March 7, 2026.
Expansion adds approximately 31 million meters per annum of processed fabric capacity.
Project completion follows the strategic capex plan initiated in late 2024.
The new processing line strengthens VTL's position in the high-margin value-added fabric segment.
💼 Action for Investors
Investors should monitor the capacity utilization levels and the impact on segment margins in the upcoming quarters. The successful execution of this capex project reinforces the company's growth trajectory in the textile sector.
Vardhman Textiles Starts Commercial Production at Baddi Technical Textiles Plant
Vardhman Textiles Limited (VTL) has officially commenced commercial production at its new Technical Textiles facility in Baddi, Himachal Pradesh. This plant is a result of the capital expenditure plan initiated in May 2024 to diversify the company's product mix. The facility has a production capacity of 15 lakh meters of fabric per month. This expansion into the technical textiles segment is expected to contribute to revenue growth and improve the company's market positioning in specialized textile segments.
Key Highlights
Commencement of commercial production at the Baddi (HP) Technical Textiles plant on March 1, 2026.
The new facility has an installed capacity to produce 15 lakh meters of fabric per month.
Completion of the capex plan originally announced by the company on May 9, 2024.
Strategic move to strengthen presence in the high-value Technical Textiles segment.
💼 Action for Investors
Investors should monitor the capacity utilization levels and the impact of this new segment on the company's overall EBITDA margins in the coming quarters.
Vardhman Textiles to Alter MOA for Entry into Power Generation and Distribution
Vardhman Textiles Limited (VTL) has initiated a postal ballot to seek shareholder approval for a special resolution to alter its Memorandum of Association. The company intends to add electricity generation, including renewable sources like solar and wind, to its business objects for both captive use and external sale. The e-voting process is scheduled from February 10, 2026, to March 11, 2026, with a cut-off date of January 30, 2026. This strategic move is aimed at managing energy costs and potentially diversifying revenue streams through power sales.
Key Highlights
Proposed special resolution to insert sub-clause (xxxiv) into the Object Clause of the MOA for power generation.
Scope covers multiple energy sources including hydel, thermal, solar, wind, and other non-conventional sources.
E-voting period runs from February 10, 2026, to March 11, 2026, with results by March 13, 2026.
The move allows for both captive consumption and selling electricity to external third parties.
Cut-off date for shareholder eligibility to vote is fixed as January 30, 2026.
💼 Action for Investors
Investors should view this as a positive long-term move to stabilize energy costs and improve margins through captive power. Monitor for future announcements regarding capital expenditure and specific project timelines for these power facilities.
Vardhman Textiles Q3 FY26: EBITDA Margins at 15% Amid High Cotton Costs and Capacity Expansion
Vardhman Textiles reported an EBITDA margin of 15% for Q3 FY26, down from 17% on a year-to-date basis, primarily due to elevated Indian cotton prices driven by an 8% MSP hike. The company has successfully expanded its processed fabric capacity to 200 lakh meters per month, including a new performance fabrics line. Despite a projected domestic cotton supply deficit of 30 lakh bales, VTL maintained high capacity utilization in yarn (95%) and fabric (89-90%). Management is focusing on diversifying into non-U.S. markets and increasing green energy usage to 50% by FY27.
Key Highlights
EBITDA margins stood at 15% for Q3 FY26, impacted by Indian cotton trading at a $0.03-$0.04/lb premium over global benchmarks.
Processed fabric capacity increased from 145 lakh to 200 lakh meters per month, including 15 lakh meters for performance fabrics.
Cotton crop estimated at 292 lakh bales against a domestic consumption of 322 lakh bales, indicating a 30 lakh bale supply deficit.
Green power usage is targeted to reach 49-50% by FY27, a significant jump from the current 9%.
Yarn capacity utilization remained strong at 95%, while fabric utilization reached approximately 89-90%.
💼 Action for Investors
Investors should monitor the impact of the 11% cotton import duty and the company's ability to scale its new performance fabric and garmenting divisions. While margins are currently pressured by structural cotton costs, the shift toward value-added products and green energy provides a long-term efficiency roadmap.
Vardhman Textiles Q3 FY26: PAT Declines 17% YoY to ₹170 Cr Amid Margin Pressure
Vardhman Textiles reported a marginal 2% YoY revenue growth to ₹2,452 crore for Q3 FY26, but profitability faced significant headwinds. Net profit declined by 17% YoY to ₹170 crore, partially impacted by a one-time ₹23.58 crore expense related to the implementation of new Labour Codes. EBITDA margins contracted by 126 basis points to 14.2% as total expenditure rose. Despite the earnings dip, the company is aggressively pursuing its ₹3,535 crore capex plan, with significant capacity additions in yarn and processed fabrics expected by Q4 FY26.
Key Highlights
Revenue from operations grew 2% YoY to ₹2,452 crore, while 9M FY26 revenue remained flat at ₹7,212 crore.
PAT fell 17% YoY to ₹170 crore in Q3, with EPS dropping to ₹5.88 from ₹7.04 in the previous year.
EBITDA margins compressed to 14.2% from 15.5% YoY, impacted by a ₹23.58 crore provision for new Labour Codes.
Yarn sales volume increased 9% YoY to 72,059 MT, though grey fabric production declined 14% YoY.
Total announced capex of ₹3,535 crore is underway, including a 31 million meter fabric expansion expected by Q4 FY26.
💼 Action for Investors
Investors should monitor the execution of the ₹3,535 crore capex and its ability to restore margins in the coming quarters. The short-term outlook remains cautious due to the double-digit profit decline and rising operational costs.
Vardhman Textiles to Enter Power Generation; Board Approves MoA Alteration
Vardhman Textiles Limited (VTL) has announced a strategic move to amend its Memorandum of Association to include electricity generation and distribution. The Board approved the addition of a new object clause on January 21, 2026, enabling the company to set up power plants across various sources including solar, wind, and thermal. This initiative is designed for both captive consumption to reduce operational costs and for selling surplus power to external parties. The company will seek shareholder approval for this amendment through a postal ballot process.
Key Highlights
Board approved alteration of the Memorandum of Association (MoA) in a meeting held on January 21, 2026.
New sub-clause (xxxiv) added to permit generation, distribution, and sale of electricity from hydel, thermal, solar, and wind sources.
The power facilities can be managed independently or in collaboration with third parties for captive or commercial use.
Shareholder approval for the MoA amendment will be sought via a Postal Ballot.
The Board meeting concluded at 12:40 p.m. following a two-hour and forty-minute session.
💼 Action for Investors
Investors should view this as a positive long-term strategic move that could lower energy costs and provide a secondary revenue stream. Monitor future CAPEX announcements related to specific renewable energy projects.
Vardhman Textiles to Enter Power Generation; Board Approves MoA Amendment for Energy Business
Vardhman Textiles Limited (VTL) has announced a strategic move to enter the power generation and distribution sector. The Board of Directors approved an amendment to the Memorandum of Association on January 21, 2026, to include electricity generation from various sources including solar, wind, and thermal. This initiative is designed for both captive consumption to reduce operational costs and for potential sale to external parties. The company will now seek shareholder approval for this expansion through a postal ballot.
Key Highlights
Board approved the insertion of sub-clause (xxxiv) into the Memorandum of Association on January 21, 2026
Scope includes generation and distribution of electricity via hydel, thermal, nuclear, solar, and wind sources
Facilities can be used for captive consumption or commercial sale to third parties
Shareholder approval for the new business objects will be sought via a Postal Ballot
💼 Action for Investors
Investors should view this as a positive long-term move for cost optimization and potential revenue diversification. Monitor future CAPEX announcements related to power plant setups to assess the scale of this new venture.
Vardhman invests ₹5.05 crore in Sone Solar Energy for 19.5% stake
Vardhman Textiles Limited has invested ₹5.05 crore in Sone Solar Energy One Private Limited. This investment is for the acquisition of a 19.5% stake in Sone, which is setting up a 30 MWac (42 MWp) ground-mounted solar power generation facility in Punjab. The investment includes subscribing to 23,161 equity shares and 50,28,961 compulsory convertible debentures of Sone. This move is part of Vardhman's strategy to utilize group captive solar power.
Key Highlights
Invested ₹5.05 crore in Sone Solar Energy One Private Limited
Acquired 19.5% stake in Sone Solar Energy
Subscribed to 23,161 Equity Shares of face value of ₹10 each
Subscribed to 50,28,961 Compulsory Convertible Debentures of face value of ₹10 each
Sone is setting up a 30 MWac (42MWp) solar power facility
💼 Action for Investors
Investors should monitor the progress of the solar power facility and its impact on Vardhman's energy costs. Keep an eye on future announcements regarding the financial performance of this investment.