Vardhman Polytex Allots 1.06 Crore Shares on Warrant Conversion
Vardhman Polytex allotted 1,06,25,000 equity shares upon conversion of warrants. The company received ₹10.00 crore as 75% of the issue price. Paid-up capital increased to ₹49.36 crore. Oswal Holding Private Limited was the allottee.
The conversion of warrants and allotment of shares increases the company's equity capital, which can be seen as a positive financial development. The amount raised is significant, impacting the capital structure.
The allotment of shares upon conversion of warrants and the subsequent increase in paid-up capital are positive developments for the company.
Vardhman Polytex Limited announced the allotment of 1,06,25,000 equity shares, each fully paid-up with a face value of Re.1/-, at a price of ₹12.55 per share. This allotment is a consequence of the conversion of 1,06,25,000 warrants, which were previously issued on a preferential basis.
The company received an aggregate amount of ₹10,00,07,813 (Rupees Ten Crores Seven Thousand Eight Hundred Thirteen only) from the allottees, representing 75% of the issue price per warrant, for this conversion. The warrants were originally allotted on March 27, 2025, at a price of ₹12.55 per warrant, convertible into equity shares upon receipt of 25% of the issue price. The new equity shares allotted rank pari passu with the existing equity shares of the company.
Following this conversion, the company's paid-up equity share capital has increased to ₹49,36,44,004, comprising 49,36,44,004 fully paid-up equity shares of Re.1/- each. The board meeting where this allotment was approved commenced at 01:30 PM and concluded at 02:15 PM on September 09, 2026. As of the announcement, 1,47,75,000 warrants are still pending conversion.
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Vardhman Polytex Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Vardhman Polytex Limited. Read the original for the full detail.