The company recently issued an intimation regarding the allotment of 31,25,000 equity shares following the conversion of an equivalent number of convertible warrants. These warrants were part of a larger preferential allotment of 7,24,50,000 warrants originally issued on March 27, 2025, to an entity within the “Promoter Group”. The conversion was executed at a price of Rs. 12.55 per share, with the remaining 75% of the warrant issue price being paid at the time of exercise. Following this specific allotment, a total of 2,54,00,000 warrants remain pending for future conversion.

Vardhman Polytex Limited, a flagship of the Oswal Group, primarily manufactures a diverse range of cotton yarns, including combed, organic, and value-added varieties, as well as garments. In early 2026, the company has been focused on significant financial restructuring to address a negative net worth of approximately ₹227.39 crore. Key updates include plans to raise up to ₹60 crore through Non-Convertible Debentures (NCDs) and Optionally Convertible Debentures (OCDs), and the strategic decision to sell land at its Ludhiana unit to reduce debt. Additionally, the company has ventured into the real estate sector as part of its FY 2024-25 strategy.

For the quarter ended December 2025, Vardhman Polytex reported total revenue of ₹52.8 crore, representing a decline compared to the ₹63.4 crore recorded in the previous quarter of September 2025. The company’s net profit for the December 2025 quarter stood at approximately ₹0 crore, marking a significant year-on-year (YoY) decline of 99.4%. Recent shareholding data indicates that the promoter group holds roughly 34.22% of the company, while retail investors hold a substantial 65.32%. Notable recent investment activity includes the acquisition of 1 crore shares by the Pine Oak Global Fund through an open market purchase in February 2026.