Vardhman Polytex Allots 1,500 Optionally Convertible Debentures to Special Situation India Fund
Vardhman Polytex Limited announced the preferential allotment of Optionally Convertible Debentures (OCDs) to Special Situation India Fund on May 18, 2026. The issuance saw the company allot 1,500 OCDs to the fund, which falls under the Non-Promoter Group Entity category.The OCDs were issued at a price of Rs. 1,00,000/- per OCD, aggregating to a total value of Rs. 15,00,00,000/- (Fifteen Crore Only).
Key details of the allotment highlight the structure and terms set for the investment. The funds received for the OCDs totaled Rs. 15,00,00,000/-, and the company confirmed that 100% of the OCDs Issue Price has been received upfront.
The instruments are convertible into equity shares of Re. 1/- each over a period of 18 months from the date of allotment. The calculation for the price of the resultant equity shares will be based on a "Relevant Date," defined as 30 days prior to the date the OCD holder becomes entitled to apply for the equity shares.
The investment details are summarized below:
| Parameter | Detail |
|---|---|
| Investor Name | Special Situation India Fund |
| Allotment Date | May 18, 2026 |
| Number of OCDs Allotted | 1,500 |
| Issue Price per OCD | Rs. 1,00,000/- |
| Aggregate Value | Rs. 15,00,00,000/- (Fifteen Crore) |
| Conversion Terms | Convertible into equity shares of Re. 1/- each |
| Tenure for Conversion | 18 months |
| Payment Status | 100% received upfront |
VARDMNPOLY Stock Price Movement
Today, Vardhman Polytex Limited shares slipped by 3.20% to settle at ₹6.35. The equity saw significant activity, recording a volume of 193,385 shares during the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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