Outcome of Board Meeting held on 19.01.2026 under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Vega Jewellers Ltd's board, meeting on 19 January 2026 via video conferencing, approved the allotment of 5,00,000 equity shares (face value Rs. 10 each) on conversion of an equal number of convertible warrants. The warrant holders paid the remaining 75% exercise price of Rs. 148.065 per share, totalling about Rs. 7.40 crores in cash. As a result, the company's paid-up equity capital rose from Rs. 9.68 crores (96.76 lakh shares) to Rs. 10.18 crores (1.02 crore shares). The allotment was made under SEBI's ICDR Regulations and follows a series of earlier announcements from November 2025 to January 2026 tracking the warrant issue.
Existing shareholders face a modest dilution of around 5% in their holding due to the new shares, while the company strengthens its equity base with about Rs. 7.40 crores of fresh capital. This is not a fresh market fundraising but the conversion of warrants already issued earlier.