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
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On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.1 pts less 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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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.