Revised Disclosure for the Allotment of Equity pursuant to conversion of Warrants for the meeting held on 29th May 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vega Jewellers has filed a revised disclosure correcting the number of warrants converted in its May 29, 2025 board meeting from 1,36,553 to 1,36,554. These warrants were originally issued on a preferential basis on December 26, 2024, when 92,16,298 convertible warrants were allotted to 103 investors at Rs. 55 each (aggregating ~Rs. 50.69 crore). In this tranche, 6 warrant holders exercised their warrants, paying Rs. 41.25 per share, for total proceeds of Rs. 56.33 lakh. As a result, the company's paid-up equity capital rises from Rs. 9.50 crore (95,06,744 shares) to Rs. 9.64 crore (96,43,298 shares). The newly allotted shares will rank equally with existing shares. The allottee list includes individuals and one HUF, with names such as Dinesh Sunkara, Mounika Gajula, and Deepak Kharwad (HUF). This is the fourth tranche of conversions under the December 2024 preferential warrant issue.
This is a minor technical correction with negligible impact on shareholders — the difference is just one share and one warrant holder from the previous disclosure. The slight increase in share count (about 1.4%) will marginally dilute existing shareholders but is fully priced in since the warrants were already issued at a fixed Rs. 55 conversion price in December 2024.