Corporate Action15 Sept 2026, 02:41 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 allotment price per share was Rs. 12.55, including a premium of Rs. 11.55. The company received Rs. 5,17,68,750 as the balance 75% subscription amount for these warrants. This conversion 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.
- Allotment price fixed at Rs. 12.55 per share.
- Paid-up capital increased to Rs. 49,91,44,004.
- Allottee belongs to the Promoter Group.
Price Impact
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