Vardhman Textiles Ltd
NSE: VTL BSE: 502986
₹501.45
-1.55 (0.31%)
Mon, 02 Nov 2026, 02:39 am
Market Cap (in Cr)14488.98
PE Ratio16.99
Dividend1.00
Process Industries
Textiles
24.5KVardhman Textiles Ltd Company History
1973
- The Company was incorporated on 8th October.
- The Company was promoted by Vardhman Spinning and General Mills Ltd.
1975
- 14,99,989 equity shares and 19,990-11% preference shares were issued.
- 5,99,989 equity shares were reserved and allotted to Vardhman Spinning & General Mills Ltd.
1978
- The Company undertook to set up another textile mill with a capacity of 25,000 spindles at Malarkotla in Sangrur district.
1980
- 7,50,000 right equity shares were issued at par in the proportion of 1:2.
- 4,10,000 equity shares were allotted to financial institutions on conversion of loans.
1982
- The installed capacity of the textile mill in Malarkotla Unit rose to 22,768 spindles.
- 10,64,00 bonus equity shares were issued in the proportion of 2:5.
1983
- 7,22,400 equity shares were issued to financial institutions on conversion of loans.
1984
- The Company entered into an agreement with Punjab State Industrial Development Corporation Ltd. for setting up a joint sector project to manufacture printing and writing paper.
- The Company issued 15% non-convertible debentures for Rs. 250 lakhs as rights to both equity and preference shareholders.
- 2,00,800 equity shares were issued to financial institutions on conversion of loan.
1985
- The Company formulated a modernisation scheme with a view to equip the mill with the latest technology.
1986
- The Memorandum of Understanding/Agreement was entered into between the Company and PSIDC for setting up a project in a joint sector for the manufacture of polypropylene/filament yarn.
- The Company entered into a joint venture with M/s. Barbour Campbell Group Ltd. for the manufacture of industrial synthetic thread.
- A letter of intent was received for setting up a weaving unit with a capacity of 300 looms in the State of Madhya Pradesh.
- Mohta Industries Ltd. submitted a proposal to the Company for its merger.
1987
- A new sewing thread was introduced in the market under the brand name of TORA.
1988
- A letter of intent was obtained for setting up an export-oriented spinning unit with a capacity of 25,000 spindles.
- The Company undertook to set up a unit at Hoshiarpur for the manufacture of sewing thread.
- The entire assets, liabilities, and obligations of Mohta Industries Ltd. were taken over by the Company.
- One fully paid equity share of the Company was allotted against ten fully paid equity shares of Mohta Industries Ltd.
- 1 - 11% Pref. share was redeemed.
1990
- The Company undertook to set up another unit with a capacity of 6 MT per day at Baddi.
- All preference shares were redeemed.
- 19,45,374 bonus shares were issued in the proportion of 2:5.
1992
- The Expansion & Diversification unit was commissioned.
- The 40,000 tpa rolling mill was commissioned in September.
- The Company undertook modernisation of the SMS division of Vardhman Special Steels.
1993
- The steel division undertook to manufacture special alloy steels in rolled products.
- The Company undertook to set up a gassed and mercerized yarn project at Hoshiarpur.
- The Company entered into a technical collaboration agreement with a Korean company.
- 51,16,167 secured redeemable partly convertible debentures were issued on a rights basis.
- 25,00,000 warrants were issued to promoters on a preferential basis.
- 51,16,167 equity shares were issued on conversion of PCDs.
1994
- The modernisation plan of the steel division at Ludhiana was implemented.
- A portion of the 20,160 spindles at Malerkotla unit was converted into a 100% EOU.
- The Company entered into a joint venture agreement with M/s. Marubeni Corporation & Toho Rayon Co. Ltd. for setting up a 100% EOU to manufacture cotton yarn.
- The Company signed a technical collaboration agreement with M/s. Kawasaki Heavy Industries Ltd. & Manubeni Corporation.
- 1,19,24,977 bonus shares were allotted in the proportion of 1:1.
1995
- The Company entered into a joint venture agreement with Japan Exlan Co. Ltd. and Marubeni Corporation for setting up an acrylic fibre project.
- The Company issued 14% preference shares of Rs. 10 each.
- 9,50,000 equity shares were issued to warrant holders on conversion.
2003
- The Company Law Board passed an order in the compromise proceedings in the matter of Enakshi Investments Pvt Ltd and others Vs Vardhman Polytex Ltd.
- The Company decided to disinvest part of its equity holding in Vardhman Acrylics.
2004
- Mahavir Spinning Mills Ltd acquired 2,237,054 shares of Vardhman Acrylics Ltd, increasing its stake to 38.85%.
2005
- Mahavir Spinning recommended a dividend of 45% on paid up equity share capital.
- Vardhman Textiles gave a bonus in the ratio of 1:2.
- The Company's name was changed from Mahavir Spinning Mills Ltd to Vardhman Textiles Ltd.
2006
- The Company's name was changed from Mahavir Spinning Mills Ltd to Vardhman Textiles Ltd.
- The trading symbol of the company was changed from MAHAVIRSPG to VTL.
2007
- The Company declared an interim dividend of 40% on the paid up equity share capital.
2008
- The Company acquired additional equity shares of Vardhman Acrylics Ltd from its Foreign Collaborators.
- The Company entered into a Joint Venture Agreement with American & Efird Inc.
2009
- The Company recommended a dividend of 20% on paid up equity share capital.
2010
- The Company recommended a dividend of Rs. 3 per share on the paid up equity shares.
2011
- The Company recommended a dividend of Rs. 4.50 per share on the paid up equity shares.
2012
- The Company recommended a dividend of Rs. 4.50 per share on the fully paid up equity share capital.
2013
- The Company recommended a dividend of Rs. 6.00 per share on the paid up equity shares.
2014
- The Vardhman Group had over 24 manufacturing facilities in five states.
- Mr. Suresh Khatanhar was nominated as the Director of the Company by IDBI Bank Limited.
- The Company recommended a dividend of Rs. 6 per share on fully paid up equity shares.
2017
- The Company purchased the entire stake of Marubeni Corporation and Marubeni Hong Kong and South China Limited in its subsidiary VMT Spinning Company Limited.
2018
- HDFC Mutual Fund picked up a 1 per cent stake in Vardhman Textiles for over Rs 71 crore through an open market transaction.
- The Company received the Gold Award in ICQCC.
2019
- The Company received Multiple TEXPROCIL honours for Highest Exports.
- The Company received the Gold Award in ICQCC.
- The Company received the SRTEPC Export Award.
2020
- The Company received the Platinum Award in ICQCC.
- The Company received the Frost & Sullivan & TERI Sustainability Award.
2021
- The Company received the India CSR Project of the Year Award.
2022
- The Company won the Award for Institution Building by World HRD Congress.
2023
- Vardhman was prominently showcased in Fortune India's distinguished compilation titled Employers Of The Future.
