Vardhman Polytex will open its rights issue on September 12, 2024, and close it on September 27, 2024. The record date for this issue is August 28, 2024. The company will offer 83,059,434 equity shares at ₹6 per share, totaling ₹49.84 Crores. Additionally, the entitlement ratio is 7:23, allowing shareholders to purchase 7 rights shares for every 23 fully paid equity shares they hold on the record date.
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Vardhman Polytex Limited Company Details
Vardhman Polytex Limited (VPL) is a leading textile company in India with 45 years of experience in delivering high-quality yarn products. Established in 1980, the company is headquartered in Ludhiana. Over the years, VPL has earned a reputation as one of the most trusted exporters and suppliers of premium cotton and polyester yarns.
Moreover, VPL offers an extensive range of yarns in various colors, textures, and thicknesses, catering to both essential and fancy garments. By utilizing the most advanced creative technologies, the company ensures that its products meet all relevant standards for utility and quality. Consequently, VPL has established itself as a leader in the industry by consistently sourcing high-quality cotton and polyester yarns at competitive market rates.
Furthermore, the company’s success is largely attributed to its capable employees, who play a crucial role in setting industry standards and driving the company’s achievements.
Rights Issue Overview
| Overview Points | Description |
|---|---|
| Security Name | Vardhman Polytex Limited |
| Issue Open | September 12, 2024 |
| Issue Close | September 27, 2024 |
| Rights Issue Size | ₹49.84 Crores (83,059,434 Equity Shares) |
| Price Band | ₹6 Per Equity Share |
| Face Value | ₹1 Per Equity Share |
| Listing on | BSE, NSE |
| Entitlement Ratio | 7:23 (7 rights share for every 23 shares) |
| Letter of Offer | Click Here |
Key Dates
| Event | Date |
|---|---|
| Rights Issue Open | September 12, 2024 |
| Rights Issue Close | September 27, 2024 |
| Rights Record Date | August 28, 2024 |
| Last Date to Buy Shares | August 27, 2024 |
| Deemed Date of Allotment | N/A |
| Renunciation of Rights Entitlements | September 24, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | ₹370.64 | ₹615.51 | ₹928.60 |
| Expenses | ₹933.58 | ₹607.98 | ₹415.89 |
| Profit After Tax | ₹(26.76) | ₹1.49 | ₹(15.56) |
Vardhman Polytex Rights Issue Form & How to Apply
You can apply for Vardhman Polytex Rights Issue in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Vardhman Polytex Rights Issue Registrar
ALANKIT ASSIGNMENTS LIMITED
4E/21, Alankit House, Jhandewalan
Extension, New Delhi – 110055
Phone: +91-11- 42541234
E-mail: vplrights@alankit.com
Website: www.alankit.com
VP Rights Issue Contact
VARDHMAN POLYTEX LIMITED
Chandigarh Road,
Ludhiana, Punjab, India – 141123
Phone: 8054444284
Email: crm.dyed@vpl.in
Website: http://www.vardhmanpolytex.in
FAQs
The issue price is INR 6 per share.
The eligible shareholders are offered 7 Equity Shares for every 23 Equity Shares held on the record date.
The Record date is 28 August 2024.
The best way to apply for the Vardhman Polytex Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill out an application form and deposit it to your broker.
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