Company Profile

VARDHMAN TEXTILES LTD.

NSE : VTLBSE : 502986ISIN CODE : INE825A01012Industry : Textile House : Vardhman
BSE680.20-13.5 (-1.95 % )
PREV CLOSE (Rs.) 693.70
OPEN PRICE (Rs.) 687.25
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 4168
TODAY'S LOW / HIGH (Rs.)676.45 703.65
52 WK LOW / HIGH (Rs.)592.9 1104.95
NSE680.20 -12.2 (-1.76 % )
PREV CLOSE(Rs.) 692.40
OPEN PRICE (Rs.) 695.00
BID PRICE (QTY) 680.20 (10 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 28534
TODAY'S LOW / HIGH(Rs.) 678.00 697.70
52 WK LOW / HIGH (Rs.)601.05 1105.35

Company News

Date Heading Details
02-Jun-2020 Tata Power, NTPC and NCC to see some action today <p align="justify"><strong>Tata Power Company</strong> has taken over the management of CESU, after receiving the Letter of Intent (LoI) from the Odisha Electricity Regulatory Commission (OERC) for the distribution and retail supply of electricity in Odisha's five circles consisting of Bhubaneshwar, Cuttack, Puri, Paradeep and Dhenekal. As per order issued by the Odisha Electricity Regulatory Commission (OERC) on May 28, 2020, the company will hold 51 percent equity with management control and the State-owned GRIDCO will have the remaining 49 percent equity stake in the company.</p><p align="justify"><strong>NTPC</strong> has incorporated a Joint Venture Company with East Delhi Municipal Corporation (EDMC) with equity participation of 74:26 respectively, in the name of NTPC EDMC Waste Solutions with the Registrar of Companies, of Delhi &amp; Haryana on June 1, 2020, to develop &amp; operate state of the art/modern integrated waste management &amp; energy generation facility. </p><p align="justify"><strong>NCC</strong> has received four new orders for Rs 1136 crore (exclusive of GST) in the month of May, 2020. Out of this 2 orders totaling to Rs 993 crore pertain to Water Division and two order totaling to Rs 143 crore pertain to Building Division. These orders are received from State Government agencies and do not include any internal orders.</p><p align="justify"><strong>Ircon International</strong> has signed a Memorandum of Understanding (MoU) with National Investment and Infrastructure Fund (NIIFL) and Ayana Renewable Power (AYANA), a NIIF platform company to explore and collaborate on opportunities in the solar energy sector. According to the MoU, NIIFL and IRCON will evaluate strategic partnerships across infrastructure projects and have agreed in-principle to identify, bid and execute solar energy projects through joint ventures/consortium arrangements.</p><p align="justify"><strong>Ratnamani Metals &amp; Tubes</strong> has received new domestic order for Stainless Steels Tubes of Rs 35 crore and an export order for Stainless Steels Tubes of Rs 22 crore to be completed by January, 2021.</p><p align="justify"><strong>Vardhman Textiles</strong> has raised Rs 195 crore through secured, Rated, Listed, Redeemable Non Convertible Debentures (NCDs) and allotted 1950 NCDs having face value of Rs 10,00,000 each to ICICI Securities Primary Dealership. The Committee of Directors of the Company, at its meeting held on June 01, 2020, has allotted and approved the same.</p><p align="justify"><strong>Adani Power</strong> will seek its shareholders' approval for raising Rs 2,500 crore in one or more tranches to sustain business growth and finance expansion plans. The company will seek the approval at its annual general meeting on June 25, 2020.<br></p>
01-Jun-2020 Vardhman Textiles raises Rs 195 crore through NCDs <p align="justify">Vardhman Textiles has raised Rs 195 crore through secured, Rated, Listed, Redeemable Non Convertible Debentures (NCDs) and allotted 1950 NCDs having face value of Rs 10,00,000 each to ICICI Securities Primary Dealership. The Committee of Directors of the Company, at its meeting held on June 01, 2020, has allotted and approved the same.<p align="justify">Vardhman Textiles manufactures wide range of yarn such as Grey Cotton, Grey Acrylic, Crayons, Hank Dyed Acrylic, Vardhman Knitting, Gassed Mercerised Cotton and many more.</p>
01-Jun-2020 Allotment of Debentures Inter alia, the Committee of Directors in its meeting held on 30% May, 2020 had approved to issue 1,950 Rated Secured Listed Non-Convertible Debentures of Rs. 10,00,000/- each aggregating to Rs. 195 crores on Private Placement basis.
28-May-2020 Vardhman Textiles informs about scheme of amalgamation <p align="justify">Vardhman Textiles has informed that pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable provisions, if any, the Board of Directors (Board) of the Company in its meeting held on 27th May, 2020 has approved, subject to necessary statutory and regulatory approvals under applicable laws, including approval of the National Company Law Tribunal(s), a Scheme of Amalgamation among VMT Spinning Company (Transferor Company 1) and Vardhman Nisshinbo Garments Company (Transferor Company 2) with and into the Vardhman Textiles (Transferee Company) and their respective shareholders and creditors under Section 230 to 232 and other applicable provisions, if any, of the Companies Act, 2013.<p align="justify">The above information is a part of company's filings submitted to BSE.</p>
27-May-2020 Allotment of Debentures A meeting of Committee has been scheduled to be held on Saturday, 30th May, 2020, to consider and approve Issue of Non-Convertible Debentures upto an amount of Rs. 200 crores on Private Placement Basis.
22-Apr-2020 Vardhman Textiles informs about company updates <P align=justify>In continuation to the earlier intimation dated 13th April 2020 regarding resumption of limited operations in the specified Spinning Units of the Company situated in the States of Punjab, Himachal Pradesh and Madhya Pradesh, Vardhman Textiles has informed that the Company has got permission from the Office of Collector and District Magistrate, Sehore (MP) to start the manufacturing operations at its integrated textile unit situated at Budhni (Dist. Sehore), subject to compliance with certain conditions. The Company has resumed partial operations in the said unit. <P align=justify>The above information is a part of company's filings submitted to BSE.<P><BR>
06-Apr-2020 Vardhman Textiles submitts clarification on price movements <P align=justify>With reference to significant movement in price, in order to ensure that investors have latest relevant information about the company, and to inform the market so that the interest of the investors is safeguarded, Vardhman Textiles has submitted a copy of Clarification.<P align=justify>The above information is a part of company's filings submitted to BSE.
13-Feb-2020 Vardhman Textiles informs about un-audited financial results <p align="justify">Pursuant to Regulation 30 read with Part A of Schedule Ill and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, Vardhman Textiles has informed that the company has enclosed Un-Audited Financial Results for the quarter/ nine months ended 31st December, 2019 together with Limited Review Report as approved by Board of Directors in its meeting held on 13th February, 2020. The meeting of the Board of Directors commenced at 10:00 am and concluded at 01:50 pm<p align="justify">The above information is a part of company's filings submitted to BSE.<p align="justify">&nbsp;<p align="justify"></p>
23-Nov-2019 Vardhman Textiles informs about loss of share certificate <p align="justify">Pursuant to Regulation 39(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Vardhman Textiles has informed that a shareholder, Chandrika Ashok Dholakia has reported to the Company about loss of share certificates and has requested for the issue of Duplicate Share Certificates in lieu thereof.<p align="justify">The above information is a part of company's filings submitted to BSE.</p>
18-Nov-2019 Vardhman Textiles informs about loss of share certificates <p align="justify">Vardhman Textiles has informed pursuant to Regulation 39(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 that a shareholder has reported to the Company about loss of share certificates and has requested for the issue of Duplicate Share Certificates in lieu thereof.<p align="justify">The above information is a part of company's filings submitted to BSE.</p>