Vardhman Polytex Settles Insolvency Matter With Bhagwati Cotton; Shares Trade 0.8% Higher

Mumbai, November 12: Vardhman Polytex has issued an update regarding the insolvency-related matter involving Bhagwati Cotton Company. In a regulatory filing dated November 12, 2026, the company said an amicable settlement has been reached with Bhagwati Cotton Company in relation to the outstanding dues forming the subject matter of the insolvency proceedings. The disclosure follows the company’s earlier communication dated October 29, 2026, concerning an application filed by Bhagwati Cotton Company under Section 9 of the Insolvency and Bankruptcy Code, 2016, in its capacity as an operational creditor.

Stock Market Snapshot

Vardhman Polytex share price witnessed fluctuations during the morning trading session on November 12, 2026. Based on the supplied intraday chart, the stock was trading at approximately ₹5.15 around 10:40 AM IST, compared with a previous closing reference level near ₹5.11. This indicates an approximate increase of ₹0.04, or 0.78%. The stock began the session around ₹5.18 before witnessing selling pressure during early trading. The share price declined to approximately ₹5.07 around 9:17 AM IST and subsequently recovered towards ₹5.16. Another sharp decline occurred around 9:36 AM IST, when the stock touched approximately ₹5.02, the lowest level visible on the chart. Following the decline, the share price recovered and remained largely around ₹5.10 before moving higher again after 10:00 AM IST. The stock climbed towards ₹5.18 around 10:10 AM IST and continued fluctuating between approximately ₹5.10 and ₹5.18 during the subsequent trading period. By around 10:40 AM IST, the share price was hovering near ₹5.15, marginally above the previous closing reference level.

About Vardhman Polytex

Vardhman Polytex Limited is an Indian textile manufacturing company engaged in producing cotton yarn and other textile products. The company is part of the Oswal Group and operates in the textile sector, supplying yarn and related materials to customers in domestic and international markets. Its manufacturing operations are based in Punjab, with activities covering textile production and associated processes. Vardhman Polytex is listed on the National Stock Exchange under the symbol VARDMNPOLY and on the BSE under equity scrip code 514175.

Source: 

• https://www.nseindia.com/get-quote/equity/VARDMNPOLY/Vardhman-Polytex-Limited