New Delhi, Aug. 7 -- Vishal Fabrics share price traded higher on Thursday despite a broadly weak trend in the Indian stock market. The small-cap stock rose as much as 2.58% to Rs.36.50 apiece on the BSE, following the company's announcement on the conversion of warrants into equity shares.

In a regulatory filing, Vishal Fabrics said its Fund Raising Committee approved the allotment of 2.25 crore equity shares of face value Rs.5 each, at an issue price of Rs.30.60 per share (including a premium of Rs. Rs.25.60), pursuant to the conversion of an equal number of warrants issued earlier on a preferential basis.

The warrants were issued to three non-promoter, public investors:

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