Vardhman Polytex Limited has informed the Exchange regarding Outcome of Board Meeting held on March 26, 2026 for allotment of 31,25,000 shares upon conversion of warrants issued on preferential basis.
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Vardhman Polytex Limited's board, at its meeting on March 26, 2026, approved the allotment of 31,25,000 equity shares of Re.1 each at Rs.12.55 per share (including Rs.11.55 premium) to Oswal Holding Private Limited, a promoter group entity. This allotment follows the conversion of an equal number of warrants that were originally issued on a preferential basis on March 27, 2025, at Rs.12.55 per warrant. The company received Rs.2.94 crore as the balance 75% conversion amount from the allottee. With this allotment, the company's paid-up equity share capital has risen to Rs.48.30 crore, comprising 48,30,19,004 equity shares. A further 2,54,00,000 warrants issued to the same promoter entity are still pending conversion.
This conversion results in equity dilution for existing shareholders and increases the promoter group's holding in the company. The remaining 2,54,00,000 warrants, if converted in the future, could lead to further dilution. The promoter infusion signals continued confidence from the promoters in the business.