The Board of Directors at Vardhman Textiles has approved an alteration to the company’s object clause, paving the way for expansion in electricity generation. The approved change allows the company to set up, purchase, and manage electricity generation plants, including those using renewable sources like solar and wind. Shareholders’ approval will be sought via postal ballot, marking a strategic move towards self-sufficiency and potential new revenue streams. The board meeting concluded at 12:40 p.m. on January 21, 2026.
Strategic Shift in Business Objectives
Vardhman Textiles has taken a significant step towards diversifying its operations. The Board of Directors has approved changes to the company’s Memorandum of Association. This alteration focuses on expanding the company’s capabilities in the energy sector, specifically concerning electricity generation.
New Electricity Generation Initiatives
The company is now positioned to establish and manage electricity generation plants and related facilities. This includes exploring various energy sources such as hydel, thermal, nuclear, gaseous, solar, and wind. The initiative allows Vardhman Textiles to generate, distribute, and sell electricity, both for its own use and to external parties. This decision was formalized during a board meeting held on January 21, 2026.
Shareholder Approval and Future Outlook
Final approval for these strategic changes will be sought from shareholders through a postal ballot. This strategic move demonstrates Vardhman Textiles’ commitment to sustainable practices and exploring new avenues for growth and revenue generation.
Source: BSE
