The reviewed notice from Vardhman Polytex Limited dated September 16, 2026, informs the stock exchanges about the official allotment of 55,25,000 fully paid-up equity shares at a price of Rs. 12.55 each, following the conversion of 55,25,000 convertible warrants issued on a preferential basis.

Building on this development, the preferential issue trace back to an initial warrant allocation approved on March 27, 2025, where warrants were distributed to the promoter group entity, Oswal Holding Private Limited, after receiving a 25% initial subscription amount. With the current exercise of conversion rights, the company successfully collected the remaining 75% balance amounting to Rs. 5,20,04,063/-. This conversion brings the total paid-up equity share capital of the company to Rs. 50,46,69,004/- consisting of 50,46,69,004 equity shares, leaving 37,50,000 warrants pending for future conversion within the mandated 18-month tenure framework.

Vardhman Polytex Limited is an established player operating under the umbrella of the Oswal Group, specializing in the manufacturing and processing of textiles, yarns, and acrylic fibers. During 2025, the company focused extensively on restructuring its capital base and managing preferential issuances to optimize its liquidity and reduce financial leverage. Operational updates throughout 2025 highlighted ongoing strategic adjustments to stabilize its core manufacturing output amid volatile global raw material costs and fluctuating demand within the textile sector.

In terms of financial performance tracked across 2025, the company experienced mixed quarterly trends, marked by compressed net margins in certain periods, such as a net profit of Rs. 0.15 Crores reported in the quarter ended December 2025, contrasted against previous robust quarters. Annualized revenue metrics for the broader periods reflected cautious performance alignment with industry headwinds. Promoter group entities, notably Oswal Holding Private Limited, remain prominent stakeholders driving the capital infusion and strategic financial maneuvers of the company.