The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Oswal Holding Pvt Ltd & PACs
VARDMNPOLY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vardhman Polytex Ltd's promoter group, led by Oswal Holding Pvt Ltd along with 22 persons acting in concert, has been allotted 1,35,00,000 equity shares upon conversion of warrants issued on a preferential basis. Allotments took place in two tranches: 65 lakh shares on March 23, 2026, and 70 lakh shares on March 24, 2026. As a result, the promoter group's aggregate holding in the company rose from 34.22% to 36.10% of the equity share capital (an increase of about 1.88 percentage points). Oswal Holding Pvt Ltd's individual stake jumped from 4.996% to 7.71%. The company also noted that 3,60,25,000 warrants remain pending for conversion out of a total of 7,24,50,000 warrants originally issued on a preferential basis to the promoter group.
This is a positive signal for shareholders as the promoter group is increasing its skin-in-the-game through preferential warrant conversions rather than selling, which demonstrates confidence in the company's prospects. However, it also means ongoing equity dilution — the total share count rose from about 45.89 crore to 47.24 crore shares, with further dilution likely as more warrants convert.