Intimation of Allotment of 4,07,05,192 Bonus shares approved by the Board of Directors of the Company.
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Vega Jewellers Ltd has informed the stock exchanges that its Board of Directors has approved the allotment of 4,07,05,192 (about 4.07 crore) bonus shares. Bonus shares are extra shares given free of cost to existing shareholders, and allotment is the final step after shareholder approval. The underlying BSE filing page itself was not accessible, so details such as the exact bonus ratio, record date, and pre-allotment share capital are not visible in the source provided. Shareholders holding shares as per the announced record date will receive the additional shares in their demat accounts.
This increases the total share count of the company, which typically dilutes the earnings per share but does not change the overall value of a shareholder's holding. The stock may see a price adjustment on the ex-bonus date to reflect the larger share base.