Outcome of Board Meeting held on 10.03.2026.
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Vega Jewellers Limited's board, which met on March 10, 2026, approved a bonus share issue in the ratio of 4:1, meaning shareholders will get 4 new fully paid-up equity shares of Rs. 10 each for every 1 share they hold. The new shares will carry the same rights as existing shares and will rank equally for any future dividends. The board also approved amendments to the company's Memorandum of Association and adoption of a new set of Articles of Association to align with the Companies Act, 2013. An Extraordinary General Meeting has been scheduled for April 8, 2026 to seek shareholder approval for these proposals. The record date to determine which shareholders are eligible for the bonus shares will be announced later.
This is a positive development for shareholders, as a 4:1 bonus issue expands their holdings at no extra cost, though the share price will adjust downward proportionally. Investors should watch for the record date announcement and participate in the April 8 EGM, since both the bonus issue and governance changes still need shareholder approval.