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Vardhman Polytex Ltd ( (IN:VARDMNPOLY) ) has shared an update.
Vardhman Polytex Ltd has approved the conversion of 6.5 million preferential warrants into an equal number of fully paid equity shares of face value Re 1 each at an issue price of Rs 12.55 per share. The warrants, originally issued to a promoter group entity, reflect continued sponsor backing and modest equity dilution.
Following this allotment, the company’s paid-up equity share capital has increased to approximately Rs 46.54 crore, with the new shares ranking pari passu with existing equity. The infusion of about Rs 6.12 crore strengthens the company’s equity base and reinforces promoter commitment, which may support its balance sheet and improve financial flexibility for future operations.
More about Vardhman Polytex Ltd
Vardhman Polytex Ltd is an Indian textile manufacturer and part of the Oswal Group, operating from Ludhiana in Punjab. The company is engaged in the spinning and production of yarn and related textile products, serving both domestic and export-focused customers in the broader textile and apparel value chain.
Average Trading Volume: 107,247
Technical Sentiment Signal: Buy
Current Market Cap: 3.52B INR
For a thorough assessment of VARDMNPOLY stock, go to TipRanks’ Stock Analysis page.