Vega Jewellers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/01/2026 ,inter alia, to consider and approve Allotment of 5,00,000 Convertible ....
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Vega Jewellers Limited has scheduled a Board meeting on 3 January 2026 to consider and approve the allotment of 5,00,000 convertible warrants to the promoters on a preferential basis. The issue price is fixed at Rs. 197.42 per warrant, which means the total issue size is approximately Rs. 9.87 crore. These are convertible warrants, meaning promoters can convert them into equity shares of the company at a later stage as per the terms. The company has made several prior announcements on this matter dating back to November 2025, suggesting ongoing fundraising activity.
This preferential allotment to promoters signals their continued financial commitment and confidence in the company, though it will lead to equity dilution once the warrants are converted. Shareholders should watch for the final terms including conversion price and timeline, as this can affect share price in the short term.