Outcome of Board Meeting

09 September, 2026 The Listing Department, The Listing Department, National Stock Exchange of India Limited BSE Limited “Exchange Plaza”, C-1, Block-G, 25 Floor, Bandra - Kurla Complex, P.J. Towers, Bandra (E), Dalal Street Fort, Mumbai - 400051 Mumbai- 400001 SCRIP CODE: VARDMNPOLY SCRIP CODE: 514175 (Equity) SCRIP CODE: 977714 (NCDs) Subject: Intimation under Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Allotment of 1,06,25,000 shares on conversion of 1,06,25,000 warrants Dear Sir/ Madam, This is in furtherance to the intimation given by the company on 27.03.2025 w.r.t allotment of 7,24,50,000 convertible warrants on preferential basis to an entity falling under “Promoter Group” in terms of Section 2(1)(pp) of SEBI (ICDR) Regulations, 2018, at a price of Rs. 12.55 per warrant (convertible into equal number of equity shares of Re.1 each) after receipt of subscription amount being 25% of the issue price from the allottee. Pursuant to Regulation 30, 51 and other applicable regulations of SEBI (LODR) Regulations, 2015, we hereby inform you that the board of directors of the company at its meeting held today i.e., Wednesday, 09 September, 2026 have considered and approved the allotment of 1,06,25,000 Equity shares of the face value of Re.1/-each as fully paid-up shares at a price of Rs.12.55 per equity share (including premium of Rs. 11.55 per share), consequent upon the conversion of 1,06,25,000 Warrants issued on preferential basis, upon receipt of an amount aggregating to Rs. 10,00,07,813/- (Rupees Ten Crores Seven Thousand Eight Hundred Thirteen only) being 75% of the issue price per warrant from the allottees pursuant to the exercise of their rights of conversion into equity shares in accordance with the provisions of SEBI (ICDR) Regulations, 2018 and list of allottees along with details of warrants pending for conversion is enclosed as Annexure-1. Pursuant to present conversion, Paid-up Equity Share Capital of the Company stands increased to Rs.49,36,44,004/- consisting of 49,36,44,004 fully paid-up Equity Shares of Re. 1/-each. The new equity shares so allotted, shall rank pari passu with the existing equity shares of the Company. Data required under Regulation 30 of SEBI Listing Regulations read with SEBI circular dated July 13, 2023 is provided in Annexure-2. The meeting of Board of Directors commenced at 01:30 PM and concluded at 02:15 PM. Kindly take the same in on your record. Thanking you, For Vardhman Polytex Limited Aiay K. Ratra Company Secretary Encl: Annexure 1 & 2 Vardhman P?Iytex Ltd | Regd. & Corp. Office: Vardhman Park, | www.vpl.in An Oswal Group®Company | Chandigarh Road Ludhiana - 141123 inf - CIN: L17122PB1980PLCO04242 | Punjab (india). Tel: +91-161-6629888 | io@velin ahy, Annexure-1 The names of the allottees of Equity Shares pursuant to conversion of warrants allotted on preferential basis: Category: Promoter Group as per the provision of Regulation 2(1) (pp) of SEBI (ICDR) Regulations, 2018 Sr. | Name Warrants No. of No. of Amount Warrants No. | of earlier warrants equity received being pending Allottee | allotted applied for | shares 75% of issue after and conversion | allotted price conversion pending (Rupees) conversion 1 | Oswal 2,54,00,000 | 1,06,25,000 | 1,06,25,000 | Rs.10,00,07,813/- | 1,47,75,000 Holding Private L Limited Vardhman Polytex Ltd | Regd. & Corp. Office: Vardhman Park, ‘ | An Oswal Group* Company | Chandigarh Road Ludhiana - 141123 bRl CIN:L17122PB1980PLC004242 | Punjab (India). Tel: +91-161-6629888 | into@plin Annexure-2 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 July 13, 2023 are as under: Sr. No. Particulars Details 1 Type of securities issued Equity Shares upon conversion of Warrants 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 (ICDR) Regulations, 2018, as amended and other applicable laws. 3 Total number of securities | Allotment of 1,06,25,000 Equity shares of the proposed to be issued or the | face value of Re.l/-each as fully paid-up total amount for which the | shares at a price of Rs.12.55 per equity share securities will be issued (including premium of Rs.11.55 per share), consequent upon the conversion of 1,06,25,000 Warrants issued upon receipt of an amount aggregating to Rs. 10,00,07,813/- (Rupees Ten Crores Seven Thousand Eight Hundred Thirteen only) being 75% of issue price per warrant. 4 Any cancellation or termination | Not Applicable of proposal for issuance of securities including reasons thereof. Additional information in case of Preferential Issue 5 Name of Investors Oswal Holding Private Limited Post allotment of securities- Upon this allotment of shares, the post Outcome of the subscription allotment paid-up capital stands at 6 Rs.49,36,44,004/- consisting of 49,36,44,004 equity shares of Re.1 each. Issue price/allotted price (in Issue Price of Warrant was Rs.12.55 per case of convertibles), warrant and warrants were allotted on March 27, 2025 carrying a right to subscribe to 1 Equity Share per warrant on receipt of 25% of the issue price per warrant. Upon exercise of option attached with warrants, 1,06,25,000 Equity Shares of Re.l each have been allotted on receipt of balance 75% amount of the issue price per warrant. Number of investors Number of allottees:1 (One) Vardhman Polytex Ltd ' Regd. & Corp. Office: Vardhman Park, l www.vpl.in An Oswal Group®Company Chandigarh Road Ludhiana - 141123 info@vpl.in Punjab (india). Tel: +91-161-6620888 | CIN: L17122PB1980PLC004242 I (A ahy>, In case of convertibles- The tenure of the warrants shall not exceed 18 intimation on conversion of (eighteen) months from the date of allotment. securities or on lapse of the Each warrant shall carry a right to subscribe 1 tenure of the instruments (One) Equity Share, which may be exercised in one or more tranches during the period commencing from the date of allotment of warrants until the expiry of 18 (eighteen) months from the date of allotment of the warrants. An amount equivalent to 25% of the Warrant Issue Price was received at the time of subscription and allotment of each Warrant and the balance 75% shall be payable by the Warrant holder(s) on the exercise of Warrant(s); In the event that, warrant holder does not exercise the warrants within a period of 18 (Eighteen) months from the date of allotment of such warrants, the unexercised warrants shall lapse and the amount paid by the warrant holders on such Warrants shall stand forfeited by the Company In the case of this allotment, total consideration in respect of 1,06,25,000 convertible warrants is received and 1,06,25,000 equity shares are allotted pursuant to exercise of the option attached with the convertible warrants. After the said allotment of shares upon conversion of warrants, 1,47,75,000 warrants are pending for conversion. Vardhman Polytex Ltd ‘ Regd. & Corp. Office: Vardhman Park, www.vpl.in An Oswal Group®Company Chandigarh Road Ludhiana - 141123 info@vpl.in CIN: L17122PB1980PLC004242 I Punjab (India). Tel: +91-161-6629888