The board of Vardhman Polytex approved the allotment of 55 lakh equity shares on conversion of equal number of warrants during its meeting held on 15 September 2026. According to reports from Business Standard, the conversion was executed upon receipt of ₹5.17 crore from allottees, representing 75% of the issue price per warrant. This conversion exercise allowed shareholders to convert their warrants into actual equity shares of the company.
The warrant conversion has significantly increased the company's paid-up equity share capital to ₹49,91,44,004 consisting of 49,91,44,004 fully paid-up equity shares of Re. 1 each. As reported by Business Standard, this conversion demonstrates the company's ability to raise capital through warrant mechanisms while maintaining its existing share structure. The conversion rate of 75% indicates the company's confidence in current market conditions and investor demand for equity participation.
The warrant conversion represents a positive development for Vardhman Polytex as it successfully executed the conversion process and raised ₹5.17 crore from shareholders. According to Business Standard, this transaction demonstrates the company's ability to convert warrant obligations into actual equity capital, strengthening its financial position through increased share capital. The conversion rate of 75% suggests strong investor participation in the conversion process.
