Vardhman Polytex Limited has informed the Exchange regarding outcome of board meeting held on 26.03.2026 for allotment of 31,25,000 shares upon conversion of warrants issued on Preferential basis.
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Vardhman Polytex Limited has allotted 31,25,000 equity shares of Re. 1 each to Oswal Holding Private Limited, part of the promoter group, following the conversion of an equal number of convertible warrants. The shares were issued at Rs. 12.55 per share (including a premium of Rs. 11.55), and the company received Rs. 2.94 crore as the balance 75% payment for warrant exercise. These warrants were originally issued on a preferential basis on March 27, 2025, with the allottee having already paid 25% upfront. After this conversion, the company's paid-up equity capital has risen to Rs. 48.30 crore, comprising 48,30,19,004 shares. Another 2,54,00,000 warrants issued to the same promoter entity remain pending for conversion within the 18-month exercise window.
This is a promoter-group led equity infusion, which is a sign of the promoter's continued commitment and confidence in the company. The conversion increases the share count, leading to mild dilution for existing shareholders, though the remaining pending warrant conversions could cause further dilution in the future.