Vardhman Polytex Allots 55 Lakh Shares on Warrant Conversion

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 the Promoter Group at Rs. 12.55 per warrant. The company received Rs. 5,17,68,750, representing 75% of the issue price, for this conversion. This allotment increases the company's paid-up equity share capital to Rs. 49,91,44,004. The new shares rank pari passu with existing equity shares.