The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sudha Bandlamudi & PACs
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Sudha Bandlamudi, immediate relative of Director Mr. Rama Mohana Rao Bandlamudi and belonging to the non-promoter group, has acquired 1,55,000 equity shares of Vega Jewellers Ltd through the conversion of convertible warrants via preferential allotment. After this conversion, her total holding stands at 1,65,000 shares, representing 1.74% of the share capital and 1.70% on a diluted basis. The company's total share capital has nearly doubled from Rs. 4.77 crore (47.7 lakh shares) to Rs. 9.48 crore (94.77 lakh shares), reflecting a broader preferential warrant conversion exercise. The acquisition date is April 26, 2025, and the disclosure was filed on April 28, 2025.
This is a routine disclosure triggered by the conversion of warrants that were already held — no fresh open-market buying or change in ultimate control. The increase in share capital could modestly dilute existing shareholders, but since this is part of a pre-disclosed preferential allotment, the impact is largely neutral for retail investors.