Outcome of Board Meeting held on May 03, 2025
As filed · Vardhman Textiles Limited has informed the Exchange regarding Outcome of Board Meeting held on May 03, 2025.
What happened
FactVardhman Textiles Ltd. has recommended a dividend of Rs. 5.00 per share on fully paid-up equity shares, subject to approval by the Members of the Company. The dividend is expected to be paid or dispatched within five days of the conclusion of the Annual General Meeting. The Auditors' report on the financial results for the year ended 31st March 2025 is unmodified.
Why it matters
CapitSignal interpretationReported results are the point at which prior management commitments become checkable against audited or reviewed numbers.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Input Costs
RevisedDuring the quarter, New York Futures traded at about $0.63 to $0.65 per pound, translating to a landed cost of about $0.72 to $0.75 per pound for mills in Vietnam and Indonesia.
If we compare this to Indian mills, they are at $0.75 to $0.78, creating a $0.03 to $0.04 per pound cost disadvantage even before accounting for quality and contamination differences.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Margin trend against the prior period
- Cash from operations against reported profit
- Whether prior guidance is reaffirmed
- So, in next financial year for the performance wear, we are targeting capacity utilization upwards of around 6 (management committed by FY27)
- I'm sure there's lots of business with the garmenters or the home textile could do in these countries. (management committed by FY27)
Evidence
- Vardhman Textiles Limited has informed the Exchange that Board of Directors at its meeting held on May 03, 2025, recommended Final Dividend of Rs. 5 per equity share.(opens the original filing in a new tab)
- Earlier statement · FY26
- Latest statement · FY26
- Earlier statement · FY26
How CapitSignal classified this
- Reasoning:
- RESULTS base 68; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%