Vardhman Polytex Allots 1.06 Cr Shares on Warrant Conversion

Vardhman Polytex Ltd announced the allotment of 1,06,25,000 equity shares following the conversion of warrants. These shares were issued at a price of Rs. 12.55 per share, including a premium of Rs. 11.55. The conversion was triggered by the receipt of Rs. 10,00,07,813/-, representing 75% of the issue price per warrant. This allotment increases the company's paid-up equity share capital to Rs. 49,36,44,004/-. The new shares rank pari passu with existing equity shares. The warrants were originally issued on a preferential basis to an entity within the Promoter Group.