Allotment of 33,000 Equity shares pursuant to conversion of Warrants issued on 26.12.2024
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Vega Jewellers Limited has allotted 33,000 equity shares of face value Rs. 10 each to a single warrant holder (Rayanki Vijaya Krishna) upon exercise of convertible warrants originally issued on December 26, 2024. The company received Rs. 13.61 lakh at Rs. 41.25 per warrant (the warrant exercise price, being 75% of the Rs. 55 issue price). As a result, the company's paid-up equity capital rises from Rs. 9.64 crore (96,43,298 shares) to Rs. 9.68 crore (96,76,298 shares). This is the latest in a series of warrant-to-equity conversions, with about 91.96 lakh of the original 92.16 lakh warrants already converted across multiple board meetings since April 2025.
Minor dilution of about 0.34% as only 33,000 new shares are issued against the existing 96.43 lakh share base, so negligible impact on existing shareholders. This is part of a previously announced preferential warrant issue and does not introduce fresh capital beyond what was already committed in December 2024.