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Vardhman Holdings Ltd logo

Vardhman Holdings Ltd

NSE: VHL BSE: 500439

₹3115.90

(0.50%)

Sun, 15 Mar 2026, 11:31 am

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Company History

1962

  • Vardhaman Spinning and General Mills was incorporated on 27th December at Punjab.

1970

  • Equity shares were subdivided.
  • 20,000 Pref. and 4,00,000 No. of equity shares were issued.
  • 57,000 No. of equity shares were reserved for directors.

1975

  • 1,00,000 No. of equity shares were issued to IFCI and 80,000 No. of equity shares to IDBI on conversion of loan.

1976

  • 4,39,400 bonus equity shares were issued in prop. 1:2.

1982

  • The Company issued 2,00,000-13.5% convertible secured debentures.
  • 13,18,200 bonus equity shares were issued in prop. 1:1.
  • 4,00,000 No. of equity shares were issued to debentureholders.

1985

  • The Company proposed to replace 8,216 old spindles by new ones and add balancing equipments in the dye house.
  • The Company received approval for setting up an industrial unit with 300 looms and process house.

1986

  • The Company launched another modernisation scheme for its spinning unit at Ludhiana.
  • The Company issued 3,00,000-15% secured non-convertible redeemable debentures.

1987

  • The Company received a letter of intent for setting up a 6,000 worsted spindles project at Mandideep.
  • 20,000-9.5% pref. shares were redeemed.

1989

  • The Company launched one more modernisation programme for the spinning and steel units.
  • The Company proposed to expand the capacity of the unit by about 30,000 spindles.
  • The Company was granted a letter of intent for the setting up a weaving unit in Himachal Pradesh.

1990

  • Production at the Steel Unit was affected by labour unrest for about three months.
  • The Company was granted a letter of intent for setting up a 100% EOU in Himachal Pradesh.

1993

  • The Company undertook to set up a dye house for processing of fabrics/yarns.
  • The Company made a preferential issue of 15,00,000 warrants.
  • The Company issued 15,94,110-14% secured redeemable partly convertible debentures.

1994

  • 92,56,400 bonus equity shares were issued in prop. 2:1.

1995

  • The performance of the Company suffered due to the high prices of cotton.
  • The Company undertook to enrich its product-mix and diversify its market base.
  • 6,90,000 No. of Equity shares were allotted against warrants.
  • 13,80,000 Bonus Equity shares were issued in prop. 2:1.

1996

  • The Company introduced new value added products.
  • The Company proposed to change the location of the 100% EOU project from Pithampur to Baddi.
  • The Company proposed to expand weaving operations by adding 36 looms.

1997

  • The Company proposed to set up a fabric house in the name and style of `Auro Textiles' at Himachal Pradesh.
  • Vardhman set up a 100 per cent EoU at Baddi with installed capacity of 25,200 spindles.
  • The company expanded its weaving division by installing another 36 looms.

1998

  • VSGM maintained its capacity utilisation at about 97 per cent.
  • The company set up a 100 per cent EoU of 25,000 spindles.
  • The company planned to set up a fabric process house in Baddi with technical collaboration from Tokai Senko of Japan.

1999

  • The company had a strong market position in the yarn business, sound fundamentals and an impressive financial track record.
  • The company implemented projects to enhance its spindleage.

2003

  • IDBI withdrew the nomination of Mr. B K Batra from the Board of the Company and appointed Mr. C V Ramani as its nominee director.
  • Mr. S P Oswal was appointed as Chairman & Managing Director of the Company.
  • The Board approved delisting of securities from Delhi Stock Exchange.

2004

  • The Equity Shares of the Company were delisted from the Delhi Stock Exchange Association Ltd, New Delhi.

2006

  • The Company changed its name from Vardhman Spinning and General Mills Ltd. to Vardhman Holdings Ltd.

2009

  • Shri. O P Sharma was appointed as an additional director on the Board of the Directors.

2010

  • Vardhman Holdings recommended a dividend of Rs.2/- per share.

2011

  • Vardhman Holdings recommended a dividend of Rs. 2.5 per share.

2012

  • M/s R. Dewan & Company was appointed as Statutory auditors of the Company.
  • Vardhman Holdings recommended a dividend of Rs. 2.50 per share.

2013

  • Mrs. Apinder Sodhi was appointed as an Independent Director of the Company.
  • Vardhman recommended a dividend of Rs. 3 per share on fully paid up equity shares of the Company.

2014

  • Vardhman recommended a dividend of Rs. 3.00 per share on fully paid-up equity share capital of the Company.

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