Allotment of Equity shares pursuant to conversion of Warrants.
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Vega Jewellers has allotted 30,000 equity shares (face value Rs. 10 each) to one warrant holder, Shaik Shajeeda, upon conversion of warrants originally issued on a preferential basis on December 26, 2024. The company received Rs. 12.38 lakh at Rs. 41.25 per warrant (the exercise price, being 75% of the total issue price of Rs. 55). As a result, the company's paid-up equity capital has increased from Rs. 9.48 crore (94,76,744 shares) to Rs. 9.48 crore (94,79,744 shares). This is the third tranche of warrant conversions — earlier, 42.9 lakh shares were allotted on April 11, 2025, and 47.06 lakh shares on April 25, 2025. The new shares will rank equally with existing equity shares.
This is a minor dilution event as part of a previously announced preferential warrant issue; the small size (30,000 shares) means negligible impact on shareholding or stock price. The warrants had an 18-month tenure, and remaining unconverted warrants may lapse and get forfeited if not exercised in time.