Outcome and Proceedings of 43rd Annual General Meeting of the Company
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Vega Jewellers Ltd (formerly PH Trading Limited, BSE Scrip: 512026) held its 43rd AGM on 19 September 2025 via video conferencing, running from 12:00 PM to 12:28 PM with 9 members in attendance. All 6 directors, including Managing Director Naveen Kumar Vanama, Executive Director Sudhakar Vanama, and two Independent Directors, were present. A total of 14 resolutions were tabled: 4 ordinary business items (adoption of FY25 audited financials, re-appointment of two directors retiring by rotation, and appointment of M/s Sagar & Associates as Statutory Auditors) and 10 special business items covering borrowing powers under Section 180, powers to dispose of undertakings, loans and guarantees to subsidiaries under Sections 185 and 186, and material related party transactions with four group entities (Vega Jewellers J Hills LLP, Vega Jewellers KKD LLP, Vega Jewellers ELR LLP, and M/s Vega Jewellers). Voting was conducted through remote e-voting along with a 15-minute e-voting window at the AGM venue, supervised by a scrutinizer. The actual voting results have not yet been disclosed and will be shared with the exchange in due course.
This is a routine AGM proceedings update; shareholders should wait for the voting results to be declared to confirm passage of resolutions. The cluster of related party transaction approvals with multiple Vega Jewellers LLPs indicates significant inter-group dealings and is worth monitoring for governance and minority shareholder impact.