The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sudhakar Vanama
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Sudhakar Vanama, a promoter of Vega Jewellers Ltd, has converted 2,50,000 convertible warrants into equity shares through a preferential allotment dated 19 January 2026. His shareholding count remains unchanged at 36,20,075 shares, but because the company's total equity capital expanded due to the warrant conversion (from 96.76 lakh shares to 101.76 lakh shares), his voting percentage actually came down slightly from 37.41% to 35.57%. Total company equity share capital rose from Rs 9.68 crore to Rs 10.18 crore. No new cash was invested by the promoter; this is simply the exercise of warrants already allotted to him earlier.
This is a non-dilutive-to-promoter event — promoter retained his absolute share count and converted existing warrants rather than buying new shares, signalling continued confidence in the company. Since the voting percentage slightly decreased, there is no trigger for an open offer under SAST rules, and existing shareholders should not see any change in promoter control.