Notice of 2nd EGM for FY 2025-26 to be held on 08.04.2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vega Jewellers Limited (formerly PH Trading Limited) has called its 2nd Extraordinary General Meeting (EGM) for FY 2025-26 on Wednesday, April 8, 2026, at 12:00 PM, to be held via video conferencing. Shareholders will vote on three key items: (1) amending and adopting a new Memorandum of Association to align with the Companies Act, 2013 format, (2) amending the Articles of Association to add a new Clause 39A enabling capitalisation of profits and securities premium for bonus issues, and (3) issuing bonus shares in a 4:1 ratio (4 new shares for every 1 held) by capitalising up to ₹40,70,51,920 from the Securities Premium Account. Post-issue, issued capital will rise from 1,01,76,298 shares to 5,08,81,490 shares. E-voting runs from April 5 to April 7, 2026, with the cut-off date set as April 1, 2026.
The bonus issue at a 4:1 ratio is a major positive for existing shareholders — it increases share count fivefold, improves liquidity, and makes the stock more affordable, though share price will adjust downward proportionally on the ex-bonus date. No fresh capital is being raised from the market; the bonus is funded entirely from the Securities Premium Account, so there is no cash dilution for existing shareholders.