Vardhman Polytex Allots 1.06 Cr Shares on Warrant Conversion

Vardhman Polytex Ltd has approved the allotment of 1,06,25,000 equity shares of Re.1 each at a price of Rs.12.55 per share, following the conversion of an equal number of warrants. The conversion was completed upon receipt of Rs. 10,00,07,813, representing 75% of the issue price per warrant. This issuance was part of a preferential allotment to an entity within the Promoter Group, Oswal Holding Private Limited. The company's paid-up equity share capital has increased to Rs.49,36,44,004, comprising 49,36,44,004 equity shares. The new shares rank pari passu with existing shares.