Corporate Action15 Sept 2026, 02:30 pm
Vardhman Polytex Allots 55 Lakh Shares on Warrant Conversion
AI Summary
Vardhman Polytex Ltd announced the allotment of 55,00,000 equity shares following the conversion of warrants. These warrants were initially issued on a preferential basis to an entity within the Promoter Group. The conversion was approved at a board meeting held on September 15, 2026. The company received Rs. 5,17,68,750/- as the balance 75% of the issue price for these warrants. This allotment increases the company's paid-up equity share capital to Rs. 49,91,44,004/-.
Key Highlights
- Board approved allotment of 55,00,000 equity shares.
- Shares issued upon conversion of preferential warrants.
- Promoter Group entity received the new shares.
- Paid-up capital increased to Rs. 49,91,44,004/-.
- Allotment price was Rs. 12.55 per share.
Price Impact
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