Summary of Proceedings of EGM held on 8th April 2026.
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Vega Jewellers Ltd held an Extra-Ordinary General Meeting (EGM) on 8th April 2026 via video conferencing, which lasted 25 minutes (12:00 PM to 12:25 PM). Three key resolutions were tabled for shareholder approval: (1) Alteration and adoption of the Memorandum of Association to align with the Companies Act, 2013 (Special Resolution), (2) Alteration and adoption of the Articles of Association to align with the Companies Act, 2013 (Special Resolution), and (3) Issuance of Bonus Shares by capitalisation of the Securities Premium Account (Ordinary Resolution). Voting was conducted through remote e-voting and e-voting at the venue, with M/s. RPR & Associates acting as the Scrutinizer. The detailed voting results along with the Scrutinizer's Report will be shared with the exchange separately in due course.
The proposed bonus share issue is shareholder-friendly and could improve liquidity and affordability of the stock. The amendments to MOA and AOA are standard housekeeping changes to comply with current company law. Shareholders should watch for the upcoming voting results announcement to confirm the resolutions were passed.