Vardhman Polytex Allots 55.25 Lakh Shares on Warrant Conversion

Vardhman Polytex Ltd announced the allotment of 55,25,000 equity shares following the conversion of warrants. This allotment is a result of the company receiving 75% of the issue price for these warrants, totaling Rs. 5,20,04,063. The conversion price was Rs. 12.55 per share. This corporate action increases the company's paid-up equity share capital to Rs. 50,46,69,004, comprising 50,46,69,004 equity shares. The newly allotted shares will rank pari passu with existing shares.