Vardhman Polytex Limited — Board Meeting, 18-12-2024: Outcome of Board Meeting

The board of directors has announced a meeting outcome focused on fundraising through a rights issue, allowing for the issuance of equity shares up to ₹120 crore to eligible shareholders. Additionally, the issuance of up to 24,50,000 convertible warrants, priced at ₹12.55 each, totaling approximately ₹90.92 crore was approved. The board decided to hold an Extraordinary General Meeting on 17th January 2025 to seek shareholder approval for the preferential allotment of these warrants. The record date for eligibility to vote at the EGM is set for 10th January 2025.