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.

Vega Jewellers Limited has successfully concluded its Board of Directors meeting held on March 10, 2026, approving multiple significant corporate actions including a generous 4:1 bonus shares proposal. The board meeting, conducted through video conferencing at 12:30 PM IST, resulted in comprehensive approvals that will benefit existing shareholders and strengthen corporate governance.

Board Meeting Outcomes and Approvals

The board has approved several key resolutions during the meeting that concluded at 1:00 PM. The primary focus was on the bonus shares issuance alongside corporate governance enhancements:

Bonus Shares Implementation Framework

The board has recommended the issuance of bonus shares in the ratio of 4:1, meaning shareholders will receive 4 new fully paid-up equity shares of ₹10 each for every 1 existing fully paid-up equity share. The bonus shares, once allotted, will rank pari-passu in all respects with existing equity shares and carry identical rights. These shares will be entitled to participate fully in any dividend and other corporate actions recommended and declared after their issue and allotment.

Corporate Governance Enhancements

Alongside the bonus issue, the board has approved significant corporate governance improvements. The company will adopt an amended Memorandum of Association (MOA) and a new set of Articles of Association (AOA) as per the Companies Act, 2013, both subject to shareholder approval at the upcoming EGM.

EGM Scheduling and Scrutinizer Appointment

The Extraordinary General Meeting has been scheduled for Wednesday, April 08, 2026, at 12:00 PM (IST) through video conferencing mode. The board has appointed M/s. RPR & Associates, Company Secretaries, as the scrutinizer for the EGM to ensure fair and transparent scrutiny of voting processes, including remote e-voting.

The company will announce the record date for determining shareholder eligibility for the bonus issue in due course. The disclosure has been made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with Company Secretary B. Kiran Kumar digitally signing the notification to ensure full regulatory compliance.