Vardhman Polytex Limited (VPL) has announced a significant strategic decision regarding its asset base. In a meeting held on April 21, 2026, the Board of Directors approved the sale or disposal of land admeasuring approximately 26.83 acres (26 Acre 6 Kanal 9 Marla) located at its Ludhiana Unit in Focal Point, Punjab. This move follows shareholder approval obtained through a postal ballot on April 19, 2026.

The transaction is structured to be completed in one or more tranches. Chairman and Managing Director, Mr. Adish Oswal, has been authorized to negotiate and finalize the execution of this sale. This disposal is part of a broader strategy to augment funds, specifically aimed at repaying outstanding liabilities to lenders and providing capital for future growth initiatives.

Vardhman Polytex is a flagship entity of the Oswal Group, primarily engaged in manufacturing a diverse range of cotton and value-added yarns, as well as garments. In 2025, the company focused heavily on financial restructuring and regulatory compliance. Notably, the company worked toward settling outstanding dues with Phoenix ARC to clear its default status and managed several debt-related updates throughout the year.

The last reported quarterly financial results for 2025 showed a challenging period for the company. For the quarter ended December 2025, Vardhman Polytex reported revenue of ₹50.60 Crores, a decline of approximately 16.71% from ₹63.44 Crores in the preceding September 2025 quarter. Net profit for the December quarter plummeted to ₹0.15 Crores, representing a 97.68% decline quarter-on-quarter. Prominent figures in the company’s leadership include Mr. S.P. Oswal and Mr. Adish Oswal.