Vardhman Polytex Allots 65 Lakh Shares on Warrant Conversion, Raises ₹6.12 Crore
Vardhman Polytex allotted 65 lakh equity shares upon conversion of warrants. The company received ₹6.12 crore. The paid-up equity share capital now stands at ₹46.54 crore. Oswal Holding Private Limited is the allottee from the Promoter Group.
The allotment of shares and subsequent increase in paid-up capital can strengthen the company's financial structure and potentially improve its debt-to-equity ratio, impacting its financial health and investor perception.
The company successfully converted warrants into equity shares, increasing its paid-up capital and receiving funds, which is a positive development.
Vardhman Polytex Limited announced the allotment of 65,00,000 equity shares on March 23, 2026, following the conversion of an equal number of warrants. These warrants were initially issued on a preferential basis to an entity within the Promoter Group on March 27, 2025, at a price of ₹12.55 per warrant.
The conversion was approved by the company's board of directors during a meeting held on the same day. The company received an aggregate amount of ₹6,11,81,250 (Rupees Six Crores Eleven Lakh Eighty One Thousand Two Hundred Fifty only) from the allottees, representing 75% of the issue price per warrant, for this conversion.
With this allotment, the company's paid-up equity share capital has increased to ₹46,53,94,004, comprising 46,53,94,004 equity shares of Re.1 each. The newly allotted shares will rank pari passu with the existing equity shares. The board meeting commenced at 5:30 PM and concluded at 6:30 PM on March 23, 2026.
As of the announcement, Oswal Holding Private Limited is the allottee from the Promoter Group, and 4,30,25,000 warrants remain pending for 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.