Vardhman Polytex Limited has informed the Exchange about allotment of 3125000 shares upon Conversion of warrants issued on preferential basis.
VARDMNPOLY · price
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Vardhman Polytex has allotted 31,25,000 equity shares (face value Re.1 each) at Rs.12.55 per share to Oswal Holding Private Limited, a promoter group entity, upon conversion of an equivalent number of convertible warrants. The company received Rs.2.94 crore as the balance 75% of the issue price from the allottee. These warrants were originally issued on March 27, 2025, as part of a larger preferential issue of 7,24,50,000 warrants to the same promoter group entity. Post this allotment, the company's paid-up equity capital has increased to Rs.48.30 crore comprising 48,30,19,004 equity shares, and 2,54,00,000 warrants remain pending for conversion.
This is a routine warrant-to-equity conversion by the promoter group, meaning no fresh capital from the market but a strengthening of the promoter's equity stake. The remaining 2.54 crore warrants, if converted, would further dilute existing non-promoter shareholders.