Vardhman Polytex Allots 37.5 Lakh Shares on Warrant Conversion

Vardhman Polytex Ltd announced the allotment of 37,50,000 equity shares following the conversion of warrants. The shares were issued at a price of Rs. 12.55 each, including a premium of Rs. 11.55 per share. This conversion is a result of preferential allotment of convertible warrants to the Promoter Group, Oswal Holding Private Limited. The company received Rs. 3,52,96,875/- as 75% of the issue price for this conversion. The allotment increases the company's paid-up equity share capital to Rs. 50,84,19,004/-, consisting of 50,84,19,004 equity shares. The newly allotted shares will rank pari passu with existing shares.