Vega Jewellers Limited has issued a special notice to shareholders regarding the mandatory dematerialization of physical shares prior to the upcoming bonus allotment. The company published this notice in leading newspapers on March 26, 2026, following its earlier corporate announcements.

Regulatory Compliance and Publication Details

The notice was published in compliance with Regulation 47 and 30 of SEBI (LODR) Regulations 2015. The announcement appeared in "Free Press Journal" (English) and "Navashakti" (Marathi) newspapers on March 26, 2026. This publication follows the company's corporate announcements dated March 5, 10, and 13, 2026.

Dematerialization Requirements

According to SEBI (Issuance of Capital & Disclosure Requirements) Regulations, 2018, bonus shares must be allotted exclusively in dematerialized form. This regulatory requirement makes it essential for shareholders holding physical shares to convert them to electronic format before the bonus allotment process.

The company has specifically requested shareholders holding physical shares to dematerialize their existing holdings to enable the issuance of bonus equity shares in dematerialized form. This conversion ensures compliance with current securities regulations and facilitates seamless bonus share distribution.

EGM Schedule and KYC Updates

The company's Extraordinary General Meeting (EGM) is scheduled for April 8, 2026. In preparation for this meeting, shareholders are required to update their KYC details with specific documentation requirements.

Escrow Account Arrangements

For shareholders who continue to hold physical equity shares, the company has outlined specific arrangements in accordance with SEBI ICDR Regulations. The bank will credit bonus equity shares to a new demat account for such shareholders.

Upon receipt of requisite documents from members, eligible shares will be transferred to their respective demat accounts. However, voting rights of bonus equity shares held in the escrow demat account will remain frozen until the transfer is completed.

Company Information

Vega Jewellers Limited, formerly known as PH Trading Limited, operates from its registered office at One Lodha Place, 14th Floor, Unit 1403, Senapati Bapat Marg, Lower Parel, Delisle Road, Mumbai, Maharashtra, India, 400013. The notice was signed by B. Kiran Kumar, Company Secretary, and Naveen Kumar Vanama, Managing Director (DIN: 05216495).

Vega Jewellers Limited has published newspaper notices for its 2nd Extraordinary General Meeting (EGM) for FY 2025-26, scheduled to be held on April 8, 2026 at 12:00 Noon IST through video conferencing. The company published the notice in "Free Press Journal" (English) and "Navashakti" (Marathi) on March 13, 2026, as per regulatory requirements under Regulation 47 and 30 of SEBI (LODR) Regulations 2015.

Key Agenda Items

The EGM will consider three major resolutions that require shareholder approval:

Bonus Share Issue Details

The Board of Directors approved the issuance of bonus equity shares in the ratio of 4:1 at their meeting held on March 10, 2026. This means shareholders will receive 4 new fully paid-up equity shares of ₹10 each for every 1 existing share held.

Financial Impact

E-Voting and Meeting Logistics

The company has engaged Central Depository Services (India) Limited (CDSL) to provide e-voting facility to shareholders. Key meeting details include:

Constitutional Amendments

The company proposes to update its constitutional documents to comply with the Companies Act, 2013. The Memorandum of Association will be restructured to include only the objects to be pursued by the company and matters necessary for furtherance of those objects. The Articles of Association will be amended to include a new Clause 39A pertaining to capitalisation of profits, providing constitutional authority for issuing bonus shares.

Regulatory Compliance

The EGM is being conducted in compliance with MCA General Circular Nos. 14/2020, 17/2020 and 20/2020, and SEBI Circular No. SEBI/LOCFD/CIR/2020/74, which allow companies to hold meetings through video conferencing without physical presence of members. Electronic copies of the EGM notice have been sent to all shareholders whose email IDs are registered with the company or depository participants, with dispatch completed on March 13, 2026.

All bonus shares will be issued in dematerialised form only, in compliance with SEBI regulations. For shareholders holding physical shares who haven't provided demat account details, bonus shares will be credited to a suspense account until transferred to their respective beneficiary accounts.