Vardhman Polytex Limited has informed the Exchange regarding Outcome of Board Meeting held on March 25, 2026 for allotment of 75,00,000 shares upon conversion of warrants issued on preferential basis.
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Vardhman Polytex's board, at its meeting on March 25, 2026, approved the allotment of 75,00,000 equity shares (face value Re.1 each) to Oswal Holding Private Limited, a promoter group entity, upon conversion of an equivalent number of convertible warrants. The shares were issued at Rs.12.55 per share (including a premium of Rs.11.55), with the company receiving Rs.7.05 crore as the balance 75% of the issue price. These warrants were originally issued on March 27, 2025, as part of a larger preferential allotment of 3,60,25,000 warrants to the same promoter entity. After this conversion, 2,85,25,000 warrants remain pending for conversion, and the company's paid-up equity capital has increased to Rs.47.99 crore, comprising 47,98,94,004 equity shares.
This is a promoter-driven equity infusion with no impact on retail shareholding percentage, as shares are being issued to the existing promoter group. The conversion strengthens the company's capital base, but existing shareholders may experience mild dilution. The pending conversion of 2,85,25,000 warrants could lead to further dilution in the future.