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Vardhman Polytex Ltd.

BSE: 514175 Sector: Industrials
NSE: VARDMNPOLY ISIN Code: INE835A01011
BSE 10:55 | 30 Nov 20.05 0.25
(1.26%)
OPEN

19.30

HIGH

20.05

LOW

19.30

NSE 10:44 | 30 Nov 20.00 0.35
(1.78%)
OPEN

19.75

HIGH

20.00

LOW

19.60

OPEN 19.30
PREVIOUS CLOSE 19.80
VOLUME 524
52-Week high 34.00
52-Week low 17.00
P/E
Mkt Cap.(Rs cr) 45
Buy Price 19.80
Buy Qty 24.00
Sell Price 20.00
Sell Qty 5.00
OPEN 19.30
CLOSE 19.80
VOLUME 524
52-Week high 34.00
52-Week low 17.00
P/E
Mkt Cap.(Rs cr) 45
Buy Price 19.80
Buy Qty 24.00
Sell Price 20.00
Sell Qty 5.00

Vardhman Polytex Ltd. (VARDMNPOLY) - Chairman Speech

Company chairman speech

Dear Shareholders

The past couple of years have been a tough period which needed immense resilience. Wewitnessed a global pandemic geopolitical tensions volatility in the business environmentand many other external and internal upheavals. As the dust settles and a clearer pictureof the world ahead emerges I strongly believe we are standing at the threshold of aperiod of great opportunity and growth.

During the year gone by your company has shown remarkable resilience and adaptabilitycoming out stronger than ever despite challenging circumstances. Your company was able toachieve total revenue from operations of Rs.928.59 Crores registering a growth of 83% overlast year's turnover of Rs.508.27 Crores. EBITDA of the Company was Rs.62.26 Croresshowing impressive increase of 269% over last year's figure of Rs.16.85 Crores. Howeveroperations of the company have resulted into net loss of Rs.15.55 Crores which has comedown from previous year by 73%.

At another front where your company made significant improvement is resolving bankingissues. The matters with lender banks comprising 98% of total debt due by company havebeen resolved by assignment of debt by seven lender banks to ARC and direct one-timesettlement with four lender banks.

Though the future full of uncertainties is not something that any of us can claim topredict precisely yet the way forward is clear to us and we are advancing towards ourgoals with renewed optimism. We will continue to march ahead with much more vigour toachieve better results in the coming years.

We remain indebted to our large family of stakeholders for their unstinting supportduring these troubled times. As always their faith makes us stronger and ambitious toachieve more. We will continue to draw inspiration from your support to take on newchallenges.

Warm regards
Adish Oswal
Chairman and Managing Director

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