Vardhman Polytex Limited completes OTS with Punjab and Sind Bank

Vardhman Polytex Limited had earlier announced regarding One Time Settlement (OTS) with Punjab and Sind Bank (One of the Consortium member Banks) in respect of credit facilities availed by company. The company has now made final payment of OTS to the bank in terms of the sanction letter dated 31.01.2023 issued by bank.

Punjab and Sind Bank has approved One Time Settlement (OTS) as a resolution of NPA debt. Accordingly, the company has made the complete payment of OTS amount to the bank in terms of OTS sanction letter dated 31.01.2023.

No Dues Certificate in respect of above stated OTS is et to be received.

Shares of Vardhman Polytex Limited was last trading in BSE at Rs. 20.05 as compared to the previous close of Rs. 19.86. The total number of shares traded during the day was 5069 in over 90 trades.

The stock hit an intraday high of Rs. 20.92 and intraday low of 20.00. The net turnover during the day was Rs. 102638.00.

Source : Equity Bulls

Keywords

VardhmanPolytex INE835A01011 OTS PunjabandSindBank DebtReduction