Promoter shareholding decreased YoY by 14.91%, contrasting with sector averages showing no change, indicating a lack of insider confidence.

Institutional shareholding remained flat, suggesting that smart money is not actively supporting Vardhman Polytex Ltd., unlike other sector performers that saw significant institutional movements.

The public's shareholding increased YoY by 17.76%, which may reflect speculative interest rather than solid fundamentals, reinforcing the perception of Vardhman as a sector laggard.