Vardhman Polytex Limited — QIP/Rights/Pref., 17-12-2024: Allotment of Securities

Vardhman Polytex Ltd has announced a board meeting to approve the allotment of 2,09,00,000 equity shares at Rs.4.05 each, following the conversion of 20,90,000 warrants previously issued. The warrants were converted at 75% of the issue price, amounting to Rs.6.34 crore. This conversion increased the company's paid-up equity share capital to Rs.43.59 crore, comprising 43,59,69,004 fully paid shares. The shares will rank equally with existing shares. The entire exercise reflects a strategic move to enhance the capital structure.