Vardhman Polytex Limited has informed the Exchange regarding Outcome of board meeting held on 24.03.2026 regarding allotment of 7000000 shares upon conversion of warrants issued on Preferential basis.
VARDMNPOLY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vardhman Polytex's board, at its meeting on 24 March 2026, approved the allotment of 70 lakh equity shares of Re. 1 each at Rs. 12.55 per share (including Rs. 11.55 premium), pursuant to the conversion of 70 lakh warrants held by Oswal Holding Private Limited, a promoter group entity. The company received Rs. 6.59 crore, representing the balance 75% of the issue price. As a result, the paid-up equity share capital increased to Rs. 47.24 crore, comprising 47,23,94,004 equity shares. After this conversion, 3,60,25,000 warrants remain pending for conversion out of the original 4,30,25,000 warrants allotted in March 2025.
This is a promoter group entity converting its warrants into equity, which strengthens the promoter's stake and brings in additional capital. Since the shares rank pari passu with existing equity, there will be a marginal dilution for non-promoter shareholders, though it reflects continued promoter confidence in the company.