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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Vardhman Polytex's promoter group, led by Oswal Holding Pvt Ltd along with 22 persons acting in concert (all Oswal family members and related entities), has been allotted 7,24,50,000 convertible warrants on a preferential basis on 27 March 2025. Each warrant is convertible into one equity share of Re. 1 face value. Before this allotment, the promoter group held 30.76% (13.40 crore shares); after full conversion of these warrants, their stake will rise to about 40.61% on a diluted basis. The total equity share capital currently stands at Rs. 43.60 crore (43.60 crore shares), which will expand to Rs. 50.84 crore on a fully diluted basis. The warrant exercise price and any premium are not detailed in this disclosure.
This signals strong promoter confidence and a fresh capital infusion into the company, which is generally positive for minority shareholders. However, it also means potential dilution of around 14.25% once the warrants are converted, and the promoter group's controlling stake will become more entrenched.