Vardhman Polytex Limited — Board Meeting, 17-12-2024: Outcome of Board Meeting

Vardhman Polytex Ltd has announced a board meeting where it approved the allotment of 2,09,00,000 equity shares at a price of Rs. 4.05 per share. This allotment was made upon the conversion of 20,90,000 warrants, resulting in an inflow of Rs. 6.34 Cr. Following this conversion, the company's paid-up equity share capital has risen to Rs. 43.60 Cr. The new shares are fully paid-up and are expected to enhance the company's capital structure significantly.