Vardhman Polytex boosts equity capital with conversion of promoter warrants

Vardhman Polytex Ltd ( (IN:VARDMNPOLY) ) has provided an announcement.

Vardhman Polytex Ltd has approved the allotment of 7.5 million equity shares following the conversion of an equal number of preferential warrants issued earlier to an entity in the promoter group at a price of Rs 12.55 per share. The conversion, backed by the receipt of 75% of the issue price from the allottees, increases the company’s paid-up equity share capital to Rs 47.99 crore, with the new shares ranking pari passu with existing equity and effectively strengthening the promoter group’s stake and the company’s capital base.

The board meeting to approve the conversion and allotment was held on March 25, 2026, in compliance with SEBI’s ICDR and Listing Regulations. Following this tranche, warrants remain pending for conversion, indicating scope for further capital infusion and potential dilution in future, while reinforcing promoter commitment and providing additional financial flexibility for the company’s operations and growth plans.

More about Vardhman Polytex Ltd

Vardhman Polytex Ltd is an Indian textile company based in Ludhiana, Punjab, and part of the Oswal Group. The company operates in the yarn and textiles segment, with its equity shares listed on BSE and the National Stock Exchange under the scrip code VARDMNPOLY / 514175, serving both domestic and export-focused textile markets.

Average Trading Volume: 108,419

Technical Sentiment Signal: Hold

Current Market Cap: 3.29B INR

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