Trading Approval received from BSE for 5,00,000 Warrants converted into Equity
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Vega Jewellers (formerly PH Trading Ltd) has received BSE trading approval for 5,00,000 equity shares of face value Rs. 10 each, issued at a premium of Rs. 187.42 per share, totaling ~Rs. 197.42 per share. These shares were issued to promoters on a preferential basis upon conversion of warrants. The total inflow to the company from this allotment is approximately Rs. 9.87 crore. The new shares have been allotted distinctive numbers from 9676299 to 10176298 and are listed for trading effective February 26, 2026.
This is a dilution event — the share count increases by 5 lakh shares issued to promoters, slightly diluting existing non-promoter shareholders. However, since promoters are subscribing at a hefty premium, it signals promoter confidence and commitment to the company. There may be a short-term dilutionary effect on earnings per share, but the strong premium reflects positive promoter sentiment.