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.
The promoter group of Vardhman Polytex, led by Oswal Holding Pvt Ltd and 22 persons acting in concert, has received allotment of 1,06,25,000 equity shares (Re. 1 face value) upon conversion of warrants issued on a preferential basis. Of these, 75,00,000 shares were allotted on 25-Mar-2026 and 31,25,000 on 26-Mar-2026. After this conversion, 2,54,00,000 warrants remain pending for conversion out of a total 7,24,50,000 warrants originally issued to the promoter group on a preferential basis. The promoter group's total voting shareholding rose from 36.10% to 37.50% (non-diluted), while on a fully diluted basis it stands at 40.63% (unchanged from before, as warrants were already counted). The company's total equity share capital increased from Rs. 47.24 crore to Rs. 48.30 crore.
This is a non-cash, dilution-neutral event for existing public shareholders — the promoter group is simply converting previously issued warrants into shares, so their economic interest and diluted holding remain the same. However, on a non-diluted basis the promoter group's voting power has risen by ~1.4 percentage points, and any further warrant conversions will continue to incrementally boost promoter control toward higher takeover-regulation thresholds.