Outcome of Board Meeting held on 29.05.2025 for Allotment of Equity pursuant to conversion of Warrants.
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Vega Jewellers Ltd's Board of Directors, at its meeting held on May 29, 2025, approved the allotment of 1,36,553 equity shares with a face value of Re. 10 each. These shares were issued upon the exercise of warrants that were originally allotted on a preferential basis on December 26, 2024. The board meeting was brief, lasting from 7:00 PM to 7:15 PM. The company was formerly known as PH Trading Limited and trades under BSE Scrip Code 512026.
This is a routine conversion event where warrant holders have exercised their right to acquire equity shares, leading to a small dilution for existing shareholders but also bringing in capital that was already committed. The dilution impact is minimal given the small size (1.36 lakh shares).