About Vardhman Acrylics Limited

Vardhman Acrylics Limited is a listed company engaged in manufacturing acrylic fibre. It operates from its plant at 755, GIDC, Jhagadia Mega Estate, Jhagadia, District Bharuch (Gujarat), with its Registered & Corporate Office at Vardhman Premises, Chandigarh Road, Ludhiana, and a Business Office in Gurugram. The company’s finished products include acrylic Fibre and Tow, and it reported trading activity in raw materials such as Acrylonitrile and Vinyl Acetate Monomer. Sales are made to customers in India and overseas, with non-current segment assets located in India.

The company is part of the Vardhman Group, with Vardhman Textiles Limited holding 70.74% equity. As per the Directors’ Report, Vardhman Acrylics has no subsidiaries. The Annual Report notes three customers contributed more than 10% of revenue, indicating a concentrated customer base.

Company systems and processes are periodically reviewed, emphasizing ERP investments to enhance operational controls and industry alignment. No material weakness in internal controls was reported in FY 2024-25. The company faced market challenges due to global overcapacity and imports, resulting in 48 days of production interruptions compared to 37 days previously.

Key Milestones of Vardhman Acrylics Limited

• Continuation of manufacturing operations at Jhagadia, Gujarat.
• Significant ERP investments with no reported internal control weaknesses during FY 2024-25.
• Adaptation to challenging market conditions with production interruptions.

Vardhman Acrylics Limited Business Segment

Single operating segment of acrylic fibre manufacturing. Focuses on acrylic fibre and tow manufacturing, serving domestic and overseas markets with production and assets based in India.

Vardhman Acrylics Limited Key Management

• Shri Paul Oswal – Chairman
• Bal Krishan Choudhary – Vice-Chairman
• Vivek Gupta – Whole Time Director
• Sachit Jain – Director
• Suchita Jain – Director
• Anil Kumar – Independent Director
• Bhooshan Lal Uppal – Independent Director
• Parakh Oswal – Independent Director
• Sanjeev Jain – Independent Director
• Sandeep Kapur – Independent Director
• Raish Shaikh – Chief Financial Officer
• Satin Katyal – Company Secretary
• Hitesh Bachubhai Patel – Executive Vice-President & Operational Head

Latest Updates on Vardhman Acrylics Limited

• 35th Annual General Meeting scheduled for September 24, 2025; financial results published in key newspapers and on the company website.
• Leadership update with Hitesh Bachubhai Patel elevated to Executive Vice-President & Operational Head in July 2024; retirement of Chief General Manager–Operations in August 2024.
• Continued ERP investments with no material control weaknesses reported.
• Recorded 48 days of production interruptions in FY 2024-25 due to market conditions.
• Revenue concentration noted with three customers accounting for over 10% of sales.