Vardhman Polytex Limited Allots 75,00,000 Shares Following Warrant Conversion
Vardhman Polytex Limited announced the allotment of 75,00,000 equity shares on Wednesday, March 25, 2026, resulting from the conversion of 75,00,000 warrants. The allotment was approved by the company's board of directors during a meeting held on the same day.The equity shares, with a face value of Re. 1 each, were allotted at a price of Rs. 12.55 per share, including a premium of Rs. 11.55 per share. This conversion follows the receipt of Rs. 7,05,93,750, representing 75% of the issue price per warrant from the allottees.
Oswal Holding Private Limited was the sole allottee involved in the conversion. Following the allotment, the company’s paid-up equity share capital increased to Rs. 47,98,94,004, comprising 47,98,94,004 fully paid-up equity shares. The newly allotted shares rank pari passu with existing equity shares.
The warrants were initially allotted on March 27, 2025, with an issue price of Rs. 12.55 per warrant, requiring an initial payment of 25% of the issue price. The tenure of the warrants does not exceed 18 months from the date of allotment. As of March 25, 2026, 2,85,25,000 warrants remain pending for conversion.
Table: Allottee Details and Warrant Status
| Sr. No. | Allottee Name | Warrants Earlier Allotted | Warrants Applied for Conversion | No. of Equity Shares Allotted | Amount Received (Rupees) | Warrants Pending |
|---|---|---|---|---|---|---|
| 1 | Oswal Holding Private Limited | 3,60,25,000 | 75,00,000 | 75,00,000 | Rs.7,05,93,750 | 2,85,25,000 |
Table: Details of Preferential Issue
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Type of Securities Issued | Equity Shares upon conversion of Warrants |
| 2 | Type of Issuance | Preferential allotment on a private placement basis |
| 3 | Total Number of Securities Issued | Allotment of 75,00,000 Equity shares |
| 5 | Investor Name | Oswal Holding Private Limited |
| Post Allotment Paid-up Capital | Rs.47,98,94,004 consisting of 47,98,94,004 equity shares of Re.1 each |
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.