Integrated Filing — IndAS



General information about company
Scrip Code 514175
NSE Symbol VARDMNPOLY
MSEI Symbol NOTLISTED
ISIN INE835A01029
Name of company VARDHMAN POLYTEX LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 17-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 30-May-2025   15:00:00
End date and time of board meeting 30-May-2025   16:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-05-30
Indicate Company website link for updated RPT policy of the Company https://www.oswalgroup.com/images/recordupload/policy-on-dealing-with-related-party-transactions-2025.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 3
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? Yes



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 811960000 2849824000
Other income 85294000 260850000
Total income 897254000 3110674000
2 Expenses
(a) Cost of materials consumed 420379000 2001743000
(b) Purchases of stock-in-trade 250297000 389620000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 30599000 -309656000
(d) Employee benefit expense 43512000 253196000
(e) Finance costs 34519000 140778000
(f) Depreciation, depletion and amortisation expense 21281000 89834000
(f) Other Expenses
1 Power and Fuel Cost 51565000 241612000
2 Other Expenditure 35247000 154307000
Total other expenses 86812000 395919000
Total expenses 887399000 2961434000
3 Total profit before exceptional items and tax 9855000 149240000
4 Exceptional items 0 0
5 Total profit before tax 9855000 149240000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 0 0
9 Total tax expenses 0 0
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 9855000 149240000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 9855000 149240000
17 Other comprehensive income net of taxes 5181000 2773000
18 Total Comprehensive Income for the period 15036000 152013000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 458894000 458894000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve -2732808000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.02 0.45
Diluted earnings (loss) per share from continuing operations 0.02 0.45
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.02 0.45
Diluted earnings (loss) per share from continuing and discontinued operations 0.02 0.45
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 1133253000
Capital work-in-progress 26185000
Investment property 2877000
Goodwill 0
Other intangible assets 158000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 62000
Trade receivables, non-current 53302000
Loans, non-current 0
Other non-current financial assets 38549000
Total non-current financial assets 91913000
Deferred tax assets (net) 501618000
Other non-current assets 71866000
Total non-current assets 1827870000
2 Current assets
Inventories 437634000
Current financial asset
Current investments 0
Trade receivables, current 42228000
Cash and cash equivalents 3815000
Bank balance other than cash and cash equivalents 550000
Loans, current 1114000
Other current financial assets 40629000
Total current financial assets 88336000
Current tax assets (net) 71305000
Other current assets 299327000
Total current assets 896602000
3 Non-current assets classified as held for sale 33260000
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 2757732000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 458894000
Other equity -2732808000
Total equity attributable to owners of parent -2273914000
Non controlling interest
Total equity -2273914000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 162041000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 0
Total non-current financial liabilities 162041000
Provisions, non-current 14970000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 3242961000
Total non-current liabilities 3419972000
Current liabilities
Current financial liabilities
Borrowings, current 334482000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 973124000
Total Trade payable 973124000
Other current financial liabilities 129467000
Total current financial liabilities 1437073000
Other current liabilities 145714000
Provisions, current 28887000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 1611674000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 5031646000
Total equity and liabilites 2757732000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Textile 897255000 3110675000
2 Real Estate 0 0
Total Segment Revenue 897255000 3110675000
Less: Inter segment revenue 0 0
Revenue from operations 897255000 3110675000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Textile 44374000 -52823000
2 Real Estate 0 342841000
Total Profit before tax 44374000 290018000
i. Finance cost 34519000 34519000
ii. Other Unallocable Expenditure net off Unallocable income -5181000 -5181000
Profit before tax 15036000 152013000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Textile 1805778000 1805778000
2 Real Estate 378969000 378969000
Total Segment Asset 2184747000 2184747000
Un-allocable Assets 572985000 572985000
Net Segment Asset 2757732000 2757732000
4 Segment Liabilities
Segment Liabilities
1 Textile 1292162000 1292162000
2 Real Estate 0 0
Total Segment Liabilities 1292162000 1292162000
Un-allocable Liabilities 0 0
Net Segment Liabilities 1292162000 1292162000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Other comprehensive income (Net of Taxes) 5181000 2773000
Total Amount of items that will not be reclassified to profit and loss 5181000 2773000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 5181000 2773000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 149240000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 140778000
Adjustments for decrease (increase) in inventories -269511000
Adjustments for decrease (increase) in trade receivables, current 84631000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -938479000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 89834000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 320000
Adjustments for dividend income 0
Adjustments for interest income 47013000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -148472000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -44094000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -1132006000
Net cash flows from (used in) operations -982766000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -982766000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 306557000
Purchase of property, plant and equipment 47120000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 47013000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities 306450000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 1184450000
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 374091000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 140778000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 669581000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -6735000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -6735000
Cash and cash equivalents cash flow statement at beginning of period 11100000
Cash and cash equivalents cash flow statement at end of period 4365000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Romesh K. Aggarwal and Associates Yes 29-Feb-2028


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Rights Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 09-Oct-2024
Amount Raised 498356000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation No Deviation
Comments of the Audit Committee after review No Comments as there is no deviation
Comments of the auditors, if any No Comments as there is no deviation
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (2)
Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 27-Mar-2025
Amount Raised 227312000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation No Deviation
Comments of the Audit Committee after review No Comments as there is no deviation
Comments of the auditors, if any No Comments as there is no deviation
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (3)
Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 28-Mar-2025
Amount Raised 215781000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation No Deviation
Comments of the Audit Committee after review No Comments as there is no deviation
Comments of the auditors, if any No Comments as there is no deviation
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any


Signatory Details
Name of signatory ADISH OSWAL
Designation of person Managing Director
Place LUDHIANA
Date 30-May-2025




Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 VARDHMAN POLYTEX LIMITED OSWAL INDUSTRIAL ENTERPRISE PRIVATE LIMITED ENTERPRISES OVER WHICH KMP IS ABLE TO EXERCISE SIGNIFICANT INFLUENCE Any other transaction Payment of Job Charges 250000000 NO SPECIFIC REMARKS 29000 0 0
2 VARDHMAN POLYTEX LIMITED OSWAL INDUSTRIAL ENTERPRISE PRIVATE LIMITED ENTERPRISES OVER WHICH KMP IS ABLE TO EXERCISE SIGNIFICANT INFLUENCE Any other transaction Rental Income 250000000 NO SPECIFIC REMARKS 131000 0 0
3 VARDHMAN POLYTEX LIMITED OSWAL INDUSTRIAL ENTERPRISE PRIVATE LIMITED ENTERPRISES OVER WHICH KMP IS ABLE TO EXERCISE SIGNIFICANT INFLUENCE Investment 250000000 NO SPECIFIC REMARKS 0 9000 9000
4 VARDHMAN POLYTEX LIMITED SUPER LAKSHMI ENTERPRISES LLP ENTERPRISES OVER WHICH KMP IS ABLE TO EXERCISE SIGNIFICANT INFLUENCE Any other transaction Rental Income 10000000 NO SPECIFIC REMARKS 234000 0 0
5 VARDHMAN POLYTEX LIMITED VARDHMAN AMRANTE PRIVATE LIMITED ENTERPRISES OVER WHICH KMP IS ABLE TO EXERCISE SIGNIFICANT INFLUENCE Any other transaction Rental Income 10000000 NO SPECIFIC REMARKS 43000 0 0
6 VARDHMAN POLYTEX LIMITED VARDHMAN AMRANTE PRIVATE LIMITED ENTERPRISES OVER WHICH KMP IS ABLE TO EXERCISE SIGNIFICANT INFLUENCE Sale of goods or services 10000000 NO SPECIFIC REMARKS 1681000 0 0
7 VARDHMAN POLYTEX LIMITED MR. ADISH OSWAL Chairman and Managing Director Remuneration 36000000 NO SPECIFIC REMARKS 9000000 0 0
8 VARDHMAN POLYTEX LIMITED MRS. MANJU OSWAL PROMOTER AND NON EXECUTIE DIRECTOR Any other transaction Sitting Fee 200000 NO SPECIFIC REMARKS 48000 0 0
9 VARDHMAN POLYTEX LIMITED MS. AKETA OSWAL PROMOTER Any other transaction Rent Paid 900000 NO SPECIFIC REMARKS 556000 0 0
Total value of transaction during the reporting period 11722000





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date 582000000
B Of the total amount outstanding, amount of default as on date 643000000
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
3. Total financial indebtedness of the listed entity including short-term and long-term debt 583500000