Vardhman Polytex Allots 1.06 Cr Shares on Warrant Conversion

Vardhman Polytex Ltd announced the allotment of 1,06,25,000 equity shares of Re.1 each at a price of Rs.12.55 per share. This allotment follows the conversion of 1,06,25,000 warrants, previously issued on a preferential basis to the Promoter Group (Oswal Holding Private Limited). The company received Rs. 10,00,07,813/- as the remaining 75% subscription amount for these warrants. Post-conversion, 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 will rank pari passu with existing shares.