Allotment of 5,00,000 Equity shares pursuant to conversion of Warrants in the Board meeting held on 19.01.2026.
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On 19 January 2026, the Board of Vega Jewellers Limited approved the allotment of 5,00,000 fully paid-up equity shares (face value Rs. 10 each) pursuant to the conversion of an equal number of convertible warrants. These warrants were originally issued on a preferential basis to the company's promoters — Mr. Naveen Kumar Vanama (2,50,000 shares) and Mr. Sudhakar Vanama (2,50,000 shares) — on 3 January 2026. The remaining exercise price of Rs. 148.065 per warrant (75% of the total Rs. 197.42 per warrant) was received in cash, aggregating to Rs. 7.40 crore. Post-allotment, the paid-up equity capital rose from Rs. 9.68 crore (96,76,298 shares) to Rs. 10.18 crore (1,01,76,298 shares). The new shares will rank equally with existing equity shares.
Promoters have strengthened their ownership stake by investing an additional Rs. 7.40 crore into the company, signalling their confidence in the business. This expands the share base by about 5.2%, causes minor dilution for non-promoter shareholders, and brings fresh capital onto the balance sheet without any debt obligation.