Vardhman Polytex Limited — QIP/Rights/Pref., 25-10-2024: Allotment of Securities

Vardhman Polytex Ltd has approved the conversion of 30,00,000 warrants into 3,00,00,000 equity shares, following the previous allotment on a preferential basis. Each warrant, initially priced at Rs. 40.50, now entitles holders to ten equity shares at Rs. 4.05 each, post a stock split. The company has received 75% of the total issue price from the warrant holders, with 50,00,000 warrants still pending conversion. The paid-up equity capital now stands at Rs. 38,59,69,004.