Vardhman Polytex Limited Allots 70,00,000 Shares Following Warrant Conversion
Vardhman Polytex Limited announced the allotment of 70,00,000 equity shares on March 24, 2026, resulting from the conversion of 70,00,000 warrants. The allotment was approved by the company's board of directors during a meeting held on the same day.The equity shares, each with a face value of Re. 1, were allotted at a price of Rs. 12.55 per share, including a premium of Rs. 11.55. This conversion follows the receipt of Rs. 6,58,87,500, representing 75% of the issue price per warrant from the allottees.
Oswal Holding Private Limited, a member of the 'Promoter Group,' was the sole allottee involved in the conversion. Following the allotment, the company's paid-up equity share capital increased to Rs. 47,23,94,004, comprising 47,23,94,004 fully paid-up equity shares. The newly allotted shares will rank equally with existing shares.
As of March 24, 2026, 3,60,25,000 warrants remain pending for conversion.
Details of Allottees:
| Sr. No. | Name of Allottee | Warrants earlier allotted and pending for conversion | No. of warrants applied for conversion | No. of equity shares allotted | Amount received being 75% of issue price (Rupees) | Warrants pending after conversion |
|---|---|---|---|---|---|---|
| 1 | Oswal Holding Private Limited | 4,30,25,000 | 70,00,000 | 70,00,000 | Rs.6,58,87,500 | 3,60,25,000 |
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