- Business
- Visagar Polytex Limited engages in the design, manufacture, wholesale, retail, and trade of textiles in India, focusing on ethnic wear including sarees, lehangas, and suits; interlining goods; and a variety of fabrics, with products sold under its flagship Vividha brand through over 15 retail locations nationwide and franchise opportunities starting at Rs 10 lacs. Incorporated in 1983 and headquartered at 907/908 Dev Plaza, opposite Andheri Fire Station, S.V. Road, Andheri West, Mumbai, the company operates a multi-dimensional textile business with manufacturing facilities including a proposed embroidery unit boasting 200 billion stitches per annum capacity targeted at the niche lehanga and saree market, supported by over 500 skilled karigars and processes spanning research and development, production, quality control, and marketing. Recent developments include the appointment of Vikasjeet Singh as additional non-executive non-independent director on August 13, 2025; amendments to its code of conduct under SEBI (PIT) Regulations effective the same date; board approval of unaudited Q1 FY26 financial results showing a Rs 59.62 lakh loss; holding of its 42nd annual general meeting on September 30, 2025 with related book closure and scrutinizer's report; revisions to its annual report per SEBI LODR; and prior discussions on schemes of arrangement and object clause alterations to its memorandum of association in early 2025.