Veerkrupa Jewellers Ltd has secured a significant regulatory milestone by obtaining in-principle approval from BSE Limited for its proposed rights issue of fully paid-up equity shares. The company announced this development on January 20, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

BSE Approval Details

The approval was granted through BSE's letter numbered LOD/RIGHT/MV/FIP/1546/2025-26 dated January 16, 2026. This approval comes following the company's application submitted on May 12, 2025, indicating a processing timeline of approximately eight months for the regulatory review.

Exchange Permission and Requirements

BSE has granted permission for Veerkrupa Jewellers Ltd to use the exchange's name in its Letter of Offer for the proposed rights issue. However, this permission comes with specific conditions that the company must fulfill:

• Disclaimer Clause: The company must print BSE's mandatory disclaimer clause in its Letter of Offer after SEBI's disclaimer clause
• Advertisement Requirements: All advertisements relating to the rights issue where BSE's name is mentioned must include the prescribed disclaimer
• Record Date Notice: At least three working days advance notice must be given to the exchange before fixing the record date
• Price Disclosure: Rights issue price must be disclosed at least three working days prior to the record date

Compliance and Statutory Requirements

The exchange has outlined several compliance requirements that the company must meet before finalizing its offer documents. These include ensuring agreements with all depositories for dematerialization of securities and providing investors the option to receive allotment in dematerialized form through any depository.

Exchange Disclaimer and Responsibilities

BSE has clearly outlined that its approval should not be construed as endorsement of the company or its securities. The exchange explicitly states that it does not warrant, certify, or endorse the correctness or completeness of the Letter of Offer contents, nor does it take responsibility for the financial soundness of the company, its promoters, or management.

Listing Approval

Along with the rights issue approval, BSE has granted in-principle approval for listing the fully paid-up equity shares proposed to be issued on rights basis. This listing approval is subject to the company completing post-issue requirements and complying with necessary statutory, legal, and listing formalities.

The company, through Managing Director Chirag Arvind Shah (DIN: 08561827), has formally communicated this development to BSE's Department of Corporate Services, ensuring transparency and regulatory compliance throughout the process.

Veerkrupa Jewellers Limited, a prominent player in the jewelry sector, has announced several significant decisions following its Board of Directors meeting on September 5, 2025. The company is set to make substantial changes to its capital structure and has appointed new auditors, signaling a strategic move towards growth and enhanced corporate governance.

Authorized Share Capital Increase

In a bold move, Veerkrupa Jewellers plans to more than double its authorized share capital. The Board has approved an increase from Rs. 13.20 crore to Rs. 27.00 crore, subject to shareholder approval. This substantial boost in authorized capital could potentially pave the way for future expansions or capital-raising initiatives.

Key Appointments

The Board has made two crucial appointments to strengthen its auditing and compliance functions:

1. Statutory Auditors: M/s Shah Karia & Associates, Chartered Accountants, have been appointed as the new statutory auditors. With a firm establishment dating back to 2010, Shah Karia & Associates brings extensive experience in various financial services, including assurance, risk management, and transaction advisory.

2. Secretarial Auditors: M/s Neelam Somani & Associates, Practicing Company Secretaries, have been appointed as the new secretarial auditors. The firm boasts over 10 years of post-qualification experience in secretarial and legal matters, with expertise in SEBI regulations, stock exchange listing agreements, and company law.

Both appointments are for a five-year term, from FY 2025-26 to FY 2029-30, pending shareholder approval at the upcoming Annual General Meeting (AGM).

6th Annual General Meeting

Veerkrupa Jewellers has scheduled its 6th AGM with the following key details:

Management Reappointment

Mr. Chirag Arvindbhai Shah, the Managing Director of Veerkrupa Jewellers, will seek reappointment at the AGM as he retires by rotation, in accordance with Section 152(6) of the Companies Act, 2013.

Additional Board Approvals

The Board has also approved the annual report and director's report for the financial year ending March 31, 2025. Furthermore, Neelam Rathi, a Practicing Company Secretary, has been appointed as the Scrutinizer for the AGM proceedings.

These strategic decisions reflect Veerkrupa Jewellers' commitment to strengthening its financial position, enhancing corporate governance, and preparing for potential future growth opportunities in the dynamic jewelry market.