Vardhman Polytex Limited has informed the Exchange regarding Outcome of Board Meeting held on March 23, 2026 for allotment of 65,00,000 shares upon conversion of warrants issued on preferential basis.
VARDMNPOLY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vardhman Polytex Limited's Board, at its meeting on March 23, 2026, approved the allotment of 65,00,000 equity shares of Re. 1 each at Rs. 12.55 per share (including Rs. 11.55 premium) to Oswal Holding Private Limited, a member of the Promoter Group. This allotment follows the conversion of 65,00,000 convertible warrants that were originally issued on a preferential basis on March 27, 2025, against receipt of the balance 75% amount of Rs. 6.11 crore. With this conversion, the company's paid-up equity share capital has increased to Rs. 46.54 crore, comprising 46,53,94,004 equity shares. Out of the original 7,24,50,000 warrants allotted, 4,30,25,000 warrants are still pending conversion within the 18-month tenure.
This is a promoter-group led equity infusion, which strengthens the company's capital base and signals continued promoter commitment. The dilution from this tranche is modest relative to the existing share base, and the remaining unconverted warrants could lead to further equity expansion, which shareholders should monitor.