Vardhman Polytex Allots Secured Non-Convertible Debentures Worth Rs. 75 Crores
Vardhman Polytex Ltd has announced the allotment of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The company's Board of Directors approved the transaction at a meeting held on Monday, April 6, 2026.At the Board meeting, the company allotted 7,500 NCDs, each having a face value of Rs. 1,00,000/-. The total aggregate value of the NCDs allotted amounts to Rs. 75 Crores.
The private placement was made to Special Situation India Fund. Key details of the NCD issuance include the following:
| Parameter | Detail |
|---|---|
| Number of NCDs Allotted | 7,500 |
| Face Value Per NCD | Rs. 1,00,000/- |
| Aggregate Value | Rs. 75 Crores |
| Coupon Rate | 18% p.a. |
The allotted NCDs are set to be listed on BSE Limited. The Board of Directors meeting commenced at 11.00 am and concluded at 12.00 noon.
VARDMNPOLY Stock Price Movement
In today's trade, Vardhman Polytex Limited shares are currently trading at ₹6.95, showing a gain of 0.87% for the day. The stock has seen moderate activity, trading between ₹6.76 and ₹7.00.Source:
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