Investment18 May 2026, 06:51 pm
Vardhman Polytex Allots 1,500 OCDs at ₹1 Lakh Each
AI Summary
Vardhman Polytex Ltd has allotted 1,500 Optionally Convertible Debentures (OCDs) at a price of ₹1,00,000 each, aggregating to ₹15,00,00,000, to Special Situation India Fund on a preferential basis. These OCDs are convertible into equity shares of Re. 1 each within 18 months from the date of allotment. The allotment follows shareholder approval on April 16, 2026, and in-principle approvals from BSE and NSE. The company has received 100% of the OCDs issue price upfront.
Key Highlights
- Vardhman Polytex allots 1,500 OCDs to Special Situation India Fund.
- OCD issue price is ₹1,00,000 per debenture, totaling ₹15 Crore.
- OCDs are convertible into equity shares within 18 months.
- 100% of the OCDs issue price has been received upfront.
- Relevant date for conversion price is 30 days prior to entitlement.
Price Impact
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