Corrigendum to Notice of EGM dated 25.11.2025 for which EGM schedule to be held on 17.12.2025 at 12:00 P.M.
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Vega Jewellers Ltd has issued a corrigendum to the notice of its Extraordinary General Meeting (EGM) originally dated November 25, 2025, with the EGM now scheduled for December 17, 2025 at 12:00 PM via video conferencing. The corrigendum revises Resolution No. 2, which pertains to the issue of Convertible Warrants on a preferential basis to certain identified promoters. The changes include revised Objects of the preferential issue, a revised Utilization of Proceeds table, and removal of the Flexible Utilization clause. The revised utilization plan totals Rs 98.71 Mn, with Rs 49.39 Mn earmarked for working capital, Rs 24.66 Mn for general corporate purposes, Rs 23.96 Mn for repayment of secured loans (within 12 months), and Rs 0.70 Mn for investment in Vega Jewellers DSNR LLP. All other contents of the original EGM notice remain unchanged.
Shareholders should review the revised preferential warrant terms and updated fund utilization plan before the December 17 EGM, as this is the resolution on which they will vote. The removal of the flexible utilization clause provides more clarity and restriction on how the Rs 98.71 Mn will be deployed, which may be viewed as a positive governance signal by investors.