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

The board of Vardhman Polytex Ltd has approved a rights issue of equity shares for up to ₹120 crores to eligible shareholders, alongside the issuance of 7,24,50,000 convertible warrants at ₹12.55 per warrant, potentially aggregating ₹90.92 crores. An Extraordinary General Meeting (EGM) has been scheduled to secure shareholder approval for these transactions. The 'cut-off date' for voting rights is set for January 10, 2025. The board meeting lasted from 5:00 PM to 6:45 PM.