Vardhman Polytex Limited Allots 65,00,000 Shares Following Warrant Conversion
Vardhman Polytex Limited announced the allotment of 65,00,000 equity shares on March 23, 2026, resulting from the conversion of an equal number of warrants. The allotment follows the receipt of an amount totaling Rs.6,11,81,250 from warrant holders, representing 75% of the issue price per warrant.The company initially issued 7,24,50,000 convertible warrants on a preferential basis to a promoter group entity on March 27, 2025. Each warrant was priced at Rs. 12.55 and was convertible into one equity share of Re. 1 each.
The newly allotted equity shares carry a face value of Re. 1 each and a premium of Rs. 11.55 per share. The total consideration for the allotment amounted to Rs. 6,11,81,250. As a result of this conversion, Vardhman Polytex Limited’s paid-up equity share capital now stands at Rs.46,53,94,004, comprising 46,53,94,004 fully paid-up equity shares of Re. 1 each. These new shares will rank equally with existing shares.
Oswal Holding Private Limited received the allotment of 65,00,000 equity shares. Following the conversion, 4,30,25,000 warrants remain pending for conversion.
Table: Allottee Details
| Sr. No. | Name of Allottee | Warrants Earlier Allotted | No. of Warrants Converted | No. of Equity Shares Allotted | Amount Received (Rupees) | Warrants Pending |
|---|---|---|---|---|---|---|
| 1 | Oswal Holding Private Limited | 4,95,25,000 | 65,00,000 | 65,00,000 | Rs.6,11,81,250 | 4,30,25,000 |
Table: Details of Preferential Issue
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Type of Securities | Equity Shares upon conversion of Warrants |
| 2 | Type of Issuance | Preferential allotment |
| 3 | Total Number of Securities Issued | Allotment of 65,00,000 Equity Shares; Total Consideration Rs.6,11,81,250 |
| 4 | Cancellation/Termination | Not Applicable |
| 5 | Investor Name | Oswal Holding Private Limited |
| 6 | Post-Allotment Capital | Rs.46,53,94,004, comprising 46,53,94,004 equity shares |
| 7 | Issue Price/Allotted Price | Issue Price of Warrant: Rs.12.55 |
The tenure of the warrants does not exceed 18 months from the date of allotment. 4,30,25,000 warrants remain pending for conversion.
The board meeting commenced at 5:30 PM and concluded at 6:30 PM.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.