Vardhman Textiles has received shareholder approval to amend its Memorandum of Association, allowing it to enter the electricity generation sector.
The company plans to set up, purchase, or acquire electricity generation plants, including hydel, thermal, nuclear, gaseous, solar, wind, and other non-conventional sources. This strategic move enables Vardhman Textiles to generate, distribute, supply, and sell electricity, either independently or in collaboration with third parties, for both captive consumption and external sales. The decision was made through a postal ballot concluded on 11 March 2026, reflecting the company’s strategic diversification into the energy sector.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by News Desk before publication.