Vardhman Polytex Ltd. — Capital/Financing Update 2020

Apr 29, 2020

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REF: VPL:SEC:April:2020-21 Date: 29.04.2020

The Listing Department,	The Listing Department,
National Stock Exchange of India Ltd	BSE Limited
“Exchange Plaza”, Bandra-Kurla Complex,	25thFloor, P.J Towers
Bandra (East), Mumbai-400051	Dalal Street Fort, Mumbai-400001
Scrip Code: VARDMNPOLY	Scrip Code: 514175

SUBJECT: DISCLOSURE OF INFORMATION UNDER REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015

Dear Sir/ Madam,

We may inform you that State Bank of India (SBI) has assigned debts due and payable to SBI by the company together with underlying rights, title and interests in favour of Phoenix ARC Private Limited (Phoenix) vide Assignment Agreement.

Accordingly, Phoenix has acquired all the rights of State Bank of India as a lender in respect of credit facilities/financial assistance granted by it to the Company.

You are requested to take the above on record.

Thanking You,

Yours truly,

For Vardhman Polytex Limited

Sd/Ajay K. Ratra Company Secretary

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