BSE In-Principle Approval for issue of 5,00,000 convertible warrants to promoters at Rs. 197.42 on preferential basis.
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Vega Jewellers Ltd has received BSE in-principle approval for issuing 5,00,000 convertible warrants to its promoters on a preferential basis. Each warrant can be converted into one equity share of Rs. 10 face value, with the conversion price set at not less than Rs. 197.42 per share. The total potential capital raise from this issue works out to approximately Rs. 9.87 crore once the warrants are fully exercised and converted. This is a promoter-led preferential issue, indicating the promoters are putting in additional capital into the company. The approval letter was issued by BSE on December 29, 2025, and the company now needs to complete allotment and listing formalities within the timelines prescribed by SEBI.
The preferential allotment to promoters signals confidence from the company's promoters in the business, but it will lead to equity dilution of around 5 lakh shares upon conversion of warrants. Existing shareholders should expect a slight increase in share count once these warrants are exercised.