Revised Disclosure for the Allotment of 1,36,553 Equity shares pursuant to conversion of Warrants in the Board Meeting dated 29th May 2025.
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Vega Jewellers has issued 1,36,553 equity shares of Rs. 10 face value to 6 warrant holders who exercised their warrants at Rs. 41.25 per share, bringing in Rs. 56.32 lakh. This is a correction to an earlier disclosure where the amount received was mistakenly stated as Rs. 13.65 lakh. These warrants were originally issued on December 26, 2024, as part of a larger preferential allotment of 92.16 lakh convertible warrants at Rs. 55 per share (Rs. 13.75 upfront + Rs. 41.25 on exercise). With this allotment, the company's paid-up equity capital rises from Rs. 9.51 crore to Rs. 9.64 crore, with the share count increasing from 95.06 lakh to 96.43 lakh shares.
This is a minor dilution event — roughly 1.4% increase in share count from this tranche — and reflects ongoing conversion of the December 2024 preferential warrants. Existing shareholders will see a small dilution in their stake, but the company is receiving cash at the agreed exercise price. The revision only corrects the amount reported, not the underlying transaction.