Vardhman Polytex Limited has successfully completed a significant debt fundraising exercise through the allotment of non-convertible debentures worth Rs.75 crores. The board of directors approved this allotment during their meeting held on April 6, 2026, marking a key milestone in the company's capital raising activities.

NCD Allotment Details

The company has allotted 7,500 secured, rated, listed, redeemable non-convertible debentures (NCDs) on a private placement basis. These debt instruments carry attractive terms for both the company and the investor.

Board Meeting and Regulatory Communication

The board of directors convened on Monday, April 6, 2026, to formalize the NCD allotment. The meeting commenced at 11.00 am and concluded at 12.00 noon, during which the directors approved the issuance terms and completed the allotment process.

The company has communicated this development to both National Stock Exchange of India Limited and BSE Limited through official regulatory filings. This allotment represents the culmination of the company's earlier announcements regarding the proposed issuance, which were previously communicated through letters dated March 17, 2026 and March 19, 2026.

Investment and Listing Framework

The NCDs have been structured as secured debt instruments, providing additional comfort to the investor through underlying security arrangements. The 18% coupon rate reflects the current market conditions and the company's credit profile. Special Situation India Fund, as the sole allottee under this private placement, will benefit from the regular coupon payments.

The decision to list these NCDs on BSE Limited will provide liquidity options and transparency for the debt instruments. This listing approach aligns with regulatory requirements under Regulation 30 and offers potential secondary market trading opportunities for the investor. The company secretary Ajay K. Ratra has formally communicated the allotment completion to the stock exchanges for regulatory compliance.

Vardhman Polytex Limited has completed another significant warrant conversion exercise, with promoter group entity Oswal Holding Private Limited converting warrants into 1,06,25,000 equity shares. The allotment was executed in two tranches - 75,00,000 shares on March 25, 2026, and 31,25,000 shares on March 26, 2026, further expanding the company's equity base.

Regulatory Disclosure Framework

The warrant conversion was disclosed through comprehensive regulatory filings under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Adish Oswal, Director of Oswal Holding Private Limited, signed the official communications to both NSE and BSE on March 27, 2026, ensuring full compliance with takeover regulations.

Warrant Conversion Specifics

The latest allotment represents conversion from the original pool of 7,24,50,000 convertible warrants issued on preferential basis to the promoter group. The conversion was executed at Rs.12.55 per equity share, maintaining the same pricing structure as the original warrant issuance framework.

Enhanced Shareholding Structure

Following this warrant conversion, the promoter group's total shareholding has increased to 18,11,47,910 equity shares, representing 37.50% of the expanded share capital. The company's paid-up capital now stands at Rs.48,30,19,004 comprising 48,30,19,004 equity shares of Re.1 each.

Outstanding Warrant Position

After the current conversion of 1,06,25,000 warrants, Oswal Holding Private Limited retains 2,54,00,000 warrants pending conversion from the original allotment. This represents the remaining portion of the total warrant pool available for future conversion within the stipulated timeframe.

Comprehensive Promoter Group Structure

The regulatory filing reveals an extensive promoter group structure comprising 22 entities, including individual promoters, HUFs, private limited companies, and trust entities. Key entities include Panchsheel Textile Mfg and Trading Company Pvt Ltd with 44,26,91,70 shares and Alma Assets Consultancy Private Limited holding 43,62,32,50 shares.

Diluted Capital Framework

Assuming full conversion of all pending warrants, the company's total diluted share capital would reach Rs.50,84,19,004, comprising 50,84,19,004 equity shares of Re.1 each. This provides a comprehensive view of the company's potential capital structure upon complete warrant exercise by the promoter group.