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Vardhman Polytex Ltd. Capital/Financing Update 2020
62361_rns_2020-07-11_166985ce-f5b1-41a3-acc4-21622149d30a.pdf
Capital/Financing Update
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REF: VPL: SEC: July: 2O2O-21 Date: tt.O7.2O2O
| The Listing Department, | The Listing Department, |
|---|---|
| National Stock Exchange of India Ltd | BSE Limited |
| "Exchange Plaza", Bandra-Kurla Complex, | 25th Floor, P.J Towers |
| Bandra (East), Mumbai-400051 | Dalal Street Fort, Mumbai-400001 |
| Scrip Code: VARDMNPOLY | Scrip Code: 574t75 |
SUBJECT: Company Update
Dear Sir/Madam,
The Management of the company is in active discussion and negotiation with the lender banks and exploring various avenues to work out the debt resolution. The company has requested bankers for resolution of its accounts by way of One Time Settlement (OTS). OTS proposal of the company has been agreed by B0o/o of total ,lenders as on date. As and when the OTS is implemented, the stock exchanges shall be updated accordingly.
This is for your information and record please,
Thanking you, Yours truly, For Vardhman Polytex Limited
A,ib-Ajay K. Ratra
Company Secretary
Corp. Office: Vardhman Park, Chandigarh Road Ludhiana - 141123 Punjab (lndia). Tel: +91 -1 61 -6629888
www.vpl.in [email protected] .)