Board recommends Bonus Issue in its board meeting held on 10.03.2026 at a ratio of 4:1 subject to approval of shareholders of the Company.
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Vega Jewellers Limited (formerly PH Trading Limited) has announced a bonus issue in the ratio of 4:1, meaning shareholders will receive 4 new equity shares for every 1 existing share held. The bonus shares will be issued out of capital redemption reserve, securities premium, and/or general reserve. Pre-bonus share capital stands at 1,01,76,298 equity shares (Rs. 10.17 crore), which will expand to 5,08,81,490 equity shares (Rs. 50.88 crore) post-issue, issuing approximately 4,07,05,192 new shares. The company has sufficient reserves — Securities Premium of Rs. 41.38 crore and General Reserve of Rs. 5.72 crore as of September 30, 2025 — to cover the Rs. 40.70 crore capitalization required. The bonus issue is subject to shareholder approval via an EGM, with expected credit by May 9, 2026.
This is a shareholder-friendly bonus issue with shares effectively quintupling in count, though the share price will adjust downward proportionally on the ex-bonus date. The 4:1 ratio signals strong reserve strength and management confidence, but does not change the underlying value of the investor's holdings.