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Vardhman Polytex informs about rights issue of equity shares

22 Aug 2024 Evaluate
Pursuant to Regulation 30, 42 and other applicable regulations of SEBI (LODR) Regulations, 2015, Vardhman Polytex has informed that the board of directors of the company at its meeting held today i.e., Thursday, 22d August, 2024 have considered and approved the following matters related to Rights Issue of Equity shares of the company: Issuance of 8,30,59,434 Equity shares having face value of Re 1 each at a premium of Rs 5 per share; Record Date: Wednesday, 28th August, 2024 for the purpose of determining the existing equity shareholders entitled to receive the rights entitlement in the Rights Issue; Rights Entitlements Ratio: 7:23 (7 Rights Equity shares for every 23 existing equity shares held by eligible equity shareholders as on Record Date); ISIN for Rights Entitlements (RE): INE835A20011; Issue Opening Date: Thursday, 12th September, 2024; Last date for Market Renunciation: Tuesday, 24tn September, 2024; Issue Closing Date: Friday, 27th September, 2024; Issue Price: Rs 6 per share, including a premium of Rs 5 per share; Other terms of the issue will be included in the Letter of Offer to be filed with stock Exchanges, SEBI and any other authority as may be required. The meeting of Board of Directors commenced at 9.30 AM and concluded at 10.30 AM.

The above information is a part of company’s filings submitted to BSE.

Vardhman Polytex Share Price

7.75 -0.02 (-0.26%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 125.45
Vardhman Textiles 557.75
Arvind 387.20
K.P.R. Mill 926.40
Page Industries 37935.70
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