Board approves allotment of 55.25 lakh shares on warrant conversion

Warrants ConvertedFund Raising View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+1.2% vs market

Other Textile Products peers, median of 185sector+0.0%+1.0% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.0 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 185Pending

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AI summary

Vardhman Polytex board allotted 55,25,000 equity shares (Re.1 face value) at Rs.12.55 each to Oswal Holding Pvt Ltd (promoter group) on conversion of equal number of warrants. Total consideration of Rs.5.20 crore received as balance 75% amount. Warrants were originally issued on 27 March 2025 on preferential basis. Post-allotment paid-up equity capital stands at Rs.50.46 crore comprising 50,46,69,004 shares. 37,50,000 warrants are still pending conversion.

Likely market impact

Promoter group converts warrants to equity, paid-up capital rises. No fresh external money beyond balance 75% due. 37.5 lakh warrants still pending, may dilute further.