Vardhman Polytex allots ₹15 Cr OCDs to Special Situation India Fund

Vardhman Polytex Ltd's Board of Directors, in a meeting on May 18, 2026, approved the preferential allotment of 1,500 Optionally Convertible Debentures (OCDs) to Special Situation India Fund, a non-promoter group entity. Each OCD is priced at ₹1,00,000, totaling ₹15 crore. These debentures are convertible into equity shares of Re. 1/- each within 18 months from the allotment date. The company has received 100% of the issue price upfront. This allotment was made following shareholder approval in an EGM and in-principle approvals from BSE and NSE. The "Relevant Date" for determining the conversion price of equity shares will be 30 days prior to the OCD holder's entitlement date.