Vama Wovenfab Limited bought Rs 42.81 crore from related entities

Vama Wovenfab bought Rs 42.8073 crore of goods from three entities in which its directors are interested in the period ended March 31, 2026. The disclosed procurement was 68.78% higher than Rs 25.3628 crore in the period ended March 31, 2025, led by Rs 22.4653 crore purchased from Vasundhara Chem Plast Industries.

How much did Vama Wovenfab buy from related entities in FY26?

Vama Wovenfab bought Rs 42.8073 crore of goods from Muradhara Pack Products, Vasundhara Chem Plast Industries and Shree Shyam Industries in FY26. Vama Wovenfab identifies all three as entities in which directors are interested, classifying the dealings as related-party transactions. The FY26 total was Rs 17.4445 crore higher than the Rs 25.3628 crore reported in FY25.

The value of goods purchased from the three named concerns rose in each reported period. Purchases were Rs 3.3061 crore in FY24, increased to Rs 25.3628 crore in FY25 and reached Rs 42.8073 crore in FY26, a Rs 39.5012 crore increase between FY24 and FY26. The disclosure reports transaction values but does not state the goods bought, procurement terms, pricing basis or the proportion of Vama Wovenfab's total purchases represented by these entities.

Which related entities accounted for Vama Wovenfab's FY26 purchases?

Vasundhara Chem Plast Industries was Vama Wovenfab's largest disclosed related-party goods supplier in FY26, with purchases of Rs 22.4653 crore. That amount represented 52.48% of the Rs 42.8073 crore total across the three director-interested entities. Muradhara Pack Products supplied Rs 17.5053 crore, or 40.89%, and Shree Shyam Industries supplied Rs 2.8367 crore, or 6.63%.

Vasundhara Chem Plast Industries contributed the largest absolute increase in FY26. Purchases from that entity increased by Rs 10.5924 crore from FY25, compared with a Rs 4.1112 crore increase from Muradhara Pack Products and a Rs 2.7409 crore increase from Shree Shyam Industries. Vasundhara Chem Plast Industries and Muradhara Pack Products together accounted for Rs 39.9706 crore, or 93.37%, of FY26 related-party goods purchases.

Vama Wovenfab also disclosed goods sales to the three entities, although sales were lower than purchases in each reported period. FY26 sales totalled Rs 7.0327 crore, comprising Rs 3.5949 crore to the concern labelled Marudhara Pack Products in the transaction table, Rs 3.2147 crore to Vasundhara Chem Plast Industries and Rs 0.2231 crore to Shree Shyam Industries. The related-party list and purchase table use “Muradhara Pack Products”, while the sales table uses “Marudhara Pack Products”; the disclosure does not explain the spelling difference.

What balances remained with related parties at March 31, 2026?

Vama Wovenfab reported Rs 3.6942 crore of year-end payables to two related entities at March 31, 2026, alongside a Rs 3.1131 crore receivable from Vasundhara Chem Plast Industries. A payable is an amount Vama Wovenfab owes to a counterparty, while a receivable is an amount owed to Vama Wovenfab. The net position across these disclosed trade balances was Rs 0.5811 crore payable.

The Rs 3.6942 crore payable balance comprised Rs 2.2043 crore to the concern labelled Marudhara Pack Products and Rs 1.4899 crore to Shree Shyam Industries. At March 31, 2025, Vama Wovenfab reported Rs 2.2279 crore payable to Marudhara Pack Products and no payable to Shree Shyam Industries. Separately, the receivable from Vasundhara Chem Plast Industries rose from Rs 0.7509 crore at March 31, 2025 to Rs 3.1131 crore at March 31, 2026, an increase of Rs 2.3622 crore.

Vama Wovenfab's restated cash-flow statement provides a wider working-capital context for the disclosed balances. Trade payables across the company, rather than only related parties, increased by Rs 15.2806 crore in FY26 after an increase of Rs 16.6295 crore in FY25. Despite operating profit before working-capital changes of Rs 17.7792 crore in FY26, net cash used in operating activities was Rs 6.3147 crore, including a Rs 7.9940 crore increase in inventory and Rs 2.6139 crore of income tax paid.

Did Vama Wovenfab make loans to directors and other related persons?

Vama Wovenfab gave Rs 1.7750 crore in loans to three named key management personnel in FY26 and received Rs 2.7716 crore in repayments against loans it had given. Key management personnel, or KMP, are the directors and senior officers identified in the related-party disclosure. The FY26 loans given were lower than the Rs 2.2369 crore of loans given to Nisha Vaibhav Gupta and Vaibhav Suresh Gupta in FY25, but that FY25 figure excludes loans made to other related persons and entities.

FY26 loans given comprised Rs 0.9190 crore to Nisha Vaibhav Gupta, Rs 0.5339 crore to Vaibhav Suresh Gupta and Rs 0.3221 crore to Suresh Mohanlal Gupta. At March 31, 2026, loans outstanding to four named KMP totalled Rs 0.4396 crore: Rs 0.1119 crore from Nisha Vaibhav Gupta, Rs 0.1339 crore from Vaibhav Suresh Gupta, Rs 0.1002 crore from Suresh Mohanlal Gupta and Rs 0.0936 crore from Saurabh Suresh Gupta. The comparable aggregate for those four people was Rs 1.4811 crore at March 31, 2025.

Vama Wovenfab also repaid Rs 0.2610 crore of a loan taken from Vaibhav Suresh Gupta in FY26. The outstanding loan taken from Vaibhav Suresh Gupta was nil at March 31, 2026, compared with Rs 0.2610 crore at March 31, 2025. Separately, FY26 director remuneration totalled Rs 0.1750 crore and salaries paid to named related persons totalled Rs 0.1710 crore; year-end director-remuneration payables were Rs 0.1750 crore and salary payable was Rs 0.0450 crore.

Conclusion

Vama Wovenfab's FY26 disclosure shows that goods procurement from director-interested entities reached Rs 42.8073 crore, with Rs 39.9706 crore, or 93.37%, concentrated in Vasundhara Chem Plast Industries and Muradhara Pack Products. The disclosure also records Rs 3.6942 crore of payables, a Rs 3.1131 crore receivable from Vasundhara Chem Plast Industries, and Rs 0.4396 crore of loans outstanding to four named KMP.

The next related-party disclosure will clarify whether purchases remain near the FY26 level and whether the Rs 3.1131 crore receivable and Rs 0.4396 crore of outstanding loans are settled. The supplied disclosure leaves procurement terms, pricing basis, the share of total purchases and the Muradhara-Marudhara naming difference unresolved.