Vardhman Textiles Ltd has announced that the Board of Directors of the Company at its meeting has decided to seek an enabling approval from the members of the Company in an Extra - Ordinary General Meeting for augmenting long term resources and/or to part finance the Company's Capex and/or for other general corporate purposes by the issue of Equity Shares through Qualified Institutional placement (QIP) upto Rs. 2bn in one or more tranche(s) to be subscribed by Qualified Institutional Buyers (QIBs) as defined under Regulation 2(zd) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, whether or not such investors are members of the Company, subject to the provisions of the Companies Act, 1956, necessary approvals and compliance under relevant rules and regulation of SEBI, RBI and also the provisions of the Listing Agreement with stock exchanges and other rules, regulations, Acts as may be applicable.