Vardhman Polytex Limited — QIP/Rights/Pref., 28-03-2025: Allotment of Securities

Vardhman Polytex has announced a board meeting to approve the allotment of 2,29,25,000 equity shares, resulting from the conversion of 2,29,25,000 warrants issued to Oswal Holding Private Limited at a price of Rs. 12.55 per share. This conversion has raised Rs. 21.57 crore, enhancing the company's paid-up equity share capital to Rs. 45.89 crore. This strategic move improves liquidity and strengthens the capital base, potentially fostering investor confidence. However, the pending conversion of 4,95,25,000 warrants suggests continued equity dilution risk should those be exercised.