Increase of Authorized capital, Issue of convertible Warrants to promoters, RPT''s and other items
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Awaiting price reaction for this filing.
The Board of Directors of Vega Jewellers Ltd (formerly PH Trading Limited), met on November 20, 2025, and approved the issue of up to 5,00,000 (Five Lakhs) convertible warrants to the promoters — Mr. Naveen Kumar Vanama and Mr. Sudhakar Vanama — at an issue price of Rs. 197.42 per warrant, via preferential allotment. The total potential value of the warrant issue works out to roughly Rs. 9.87 crore, subject to shareholder approval. An Extraordinary General Meeting has been scheduled for December 17, 2025 to seek shareholder consent for the proposal. M/s RPR & Associates has been appointed as Scrutinizer for the EGM. Despite the filing headline also referencing an increase in authorized capital and related-party transactions, the detailed disclosure here only covers the warrant issue.
Promoters are putting in more money into the company through warrants, which signals their confidence, but if converted, this will dilute existing shareholders' stakes by adding up to 5 lakh new shares. Shareholders should watch the EGM outcome on December 17, 2025 closely.