Vardhman Polytex Ltd. — Capital/Financing Update 2023

Sep 9, 2023

09.o9.2023

The Listing Department,	The Listing Department,
National Stock Exchange of fndia Limited	BSE Limited
"Exchange Plaza", C-1, Block-G,	25th Floor,
Bandra - Kurla Complex,	P.J. Towers,
Bandra (E),	Dalal Street Fort,
Mumbai - 400051	Mumbai- 400001
SCRIP CODE: VARDMNPOLY	SCRIP CODE: 574t75

Subject: Outcome of Board Meeting hetd on 9th September, ZO23

Dear Sir/ Madam,

This is to inform you that pursuant to the approval of Shareholders in their Extraordinary General Meeting held on June 16, 2023, Board of the Directors of the Company had done allotment of convertible warrants on preferential basis to non-promoters on )une 27, 2023,

Further, we would like to inform that the following Warrant Holders have paid the balance of the consideration (an amount equivalent to 75o/o of the Warrant Issue Price) and have applied for exercising their rights for conversion of 20,00,000 warrants into equivalent number of Equity Shares.

Consequently, the Board of Directors in its meeting held on i.e. September 09, 2023 has allotted 20,00,000 Equity Shares of face value Rs. 10/- each to the warrant holders as per following details:

Sr. No.	Name of Allottee	Category (Promoter Group/ Non Promoter)	No. of convertible warrants allotted on lune 27, 2023	Amount received for the conversion'of warrant into equity i.e. (75o/o of issue price) balance conversion money	No. ol equity shares allotted upon conversion of warrants on September 09,2023
1	Sahi Trading Private Limited	Non Promoter	10,00,000	3,O3,75,0OO	10,00,000
2	Ruchi Gupta	Non Promoter	10,00,000	3,O3,75,OO0	10,00,000
		Total		6107r5,O,OOO'.	2O,OO,OOO

The allotment of the equity shares shall be made in dematerialized form and the equity shares so allotted shall rank pari passu with the existing Equity Shares of the Company in all respects.

The requisite details as required in terms of SEBI circular 1IR/]FD/]MD/4/20L5 dated September 9, ZOLS are provided inAnnexure-1.

Vardhman Polytex Ltd An Oswal Group'Company CIN: L] 7 1 22 PB 1 980P1C004242

Corp.Office: Vardhman park, Chandigarh Road Ludhiana - 141123 Punjab(lndia). Tel; +91 -1 6t -662988g

The meeting of Board of Directors commenced at 11:00 AM and concluded at 11:30 AM'

This is for your information and record please.

Thanking you,

For Vardhman PolYtex Limited

AJAY KUMAR RATRA Digitally signed by AJAY KUMAR RATRA Date: 2023.09.09 11:38:09 +05'30'

Ajay K. Ratra Company SecretarY

Encl: Annexurel & 2

Vardhman Polytex Ltd An Oswal Group"Company CIN: L1 7 1 22PB1 980P1C004242

Corp.Office: Vardhman Park, Chandigarh Road Ludhiana - 141123 Punjab(lndia). Tel: +9 1 -1 61 -6629888

Annexure-1

The details relating to Preferential Issue of Convertible Warrants as required under Regulation 30 of the SEBI (LODR) Regulations, 2015 read with SEBI circular dated 09th September, 2015 are as under:

Sr. No.	Particulars	Details
1	Type of securities issued	Equity Shares upon conversion of Warrants into equivalent number of Equity Shares
2	Type of Issuance	Preferential allotment on a private placement basis in accordance with the provisions of the Companies Act, 2013 & the rules made thereunder and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 20t8, as amended and other applicable laws.
3	Total number of securities proposed to be issued or the total amount for which the securities will be issued	Total number of securities allotted 20,00,000 fully paid up equity shares having face value of Rs.10/- each at a premium of Rs.30.50 per share on conversion of warrants.
4	Any cancellation or termination of proposal for issuance of securities including reasons thereof.	Not Applicable
Additional information in case of Preferential Issue
5	Name of Investors	Enclosed as Annexure- 2
6	Post allotment of securities Outcome of the subscription	Upon allotment of shares, the post allotment paid up capital stands at Rs.24,29,09,570/- consisting of 2,42,90,957 equity shares of Rs.lO/-each.
		Bifurcation as follows: (a) Existing Share Capital-2,22,90,957 equity shares of face value Rs.10/- per share aggregating to Rs,22,29,09,570/-, (b) Equity Share Capital added upon Conversion of warrants -20,00,000 equity shares of face value Rs. 10/- per share aggregating Rs. 2,00,00,000/-
	Issue price/allotted price (in case of convertibles),	Rs.40.50 per warrant convertible into equity share of Rs.10/- each at a premium of Rs.30.50.
	Number of investors	Number of allottees:2
7	In case of convertibles- intimation on conversion of secUrities or on lapse of the tenure of the instruments	Total consideration in respgct of 2O,O0,OOO convertible warrants is received and 20,00,000 equity shares are allotted pursuant to exercise of the conversion of convertible warrants.

Vardhman Polytex Ltd An Oswal Group'Company CIN: L] 71 22P81 980P1C004242

Corp.Office: Vardhman Park, Chandigarh Road Ludhiana - 141123 Punjab(lndia). Tel: +91 -1 61 -6629888

Annexure-2

Sr. No	Name of Allottee	Category (Promoter Group/ Non Promoter)	No. of convertible warrants allotted on June 27,2023	No. oJ equaty shares allotted upon conversion of warrants on September O9, 2023
1	Sahi Trading Private Limited	Non Promoter	10,00,000	10,00,000
2	Ruchi Gupta	Non Promoter	10,00,000	10,00,000
		Total	2O,OO,OOO	20,0O,OO0

Vardhman Polytex Ltd An Oswal Group'Company CIN: L] 71 22PB1 980P1C004242

Corp.Office: Vardhman Park, Chandigarh Road Ludhiana - 141123 Punjab(lndia). Tel: +91 -1 61 -6629888