Vardhman Polytex Limited has informed the Exchange about Conversion of warrants issued on preferential basis (Allotment of 65,00,000 shares upon conversion of warrants)
VARDMNPOLY · price
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On the reaction day the stock moved 6.4 pts less than Nifty Microcap 250 and 4.5 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Vardhman Polytex has allotted 65,00,000 (65 lakh) equity shares of Re.1 each to Oswal Holding Private Limited, a Promoter Group entity, upon 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), with the company receiving Rs.6.12 crore as the balance 75% of the issue price. These warrants were originally part of a 7,24,50,000 warrants preferential allotment made on 27 March 2025. After this conversion, 4,30,25,000 warrants still remain pending for conversion. The company's paid-up equity share capital has risen to Rs.46.54 crore, consisting of 46.54 crore fully paid-up shares.
This is a promoter-group-led equity infusion rather than fresh external capital, so it mildly dilutes minority shareholders while strengthening the promoter's stake. The stock may see mild dilution pressure from increased share count, though the promoter's continued investment signals confidence in the company.