Vega Jewellers Limited has successfully completed the allotment of 5,00,000 equity shares following the conversion of an equal number of convertible warrants. The board of directors approved this conversion at their meeting held on January 19, 2026, receiving Rs 7,40,32,500 as the remaining exercise price from promoters.

Board Approval and Regulatory Compliance

The board meeting held on January 19, 2026, considered and approved the allotment of equity shares pursuant to warrant conversion in compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018. The conversion was executed following the company's earlier intimation regarding the preferential allotment of warrants to identified promoters.

Warrant Exercise and Financial Details

The company received Rs 148.07 per warrant as the remaining exercise price, representing 75% of the total warrant exercise price of Rs 197.42 per warrant. Each warrant was converted into one fully paid-up equity share with a face value of Rs 10.00, completing the conversion process initiated with the original warrant allotment.

Capital Structure Enhancement

The warrant conversion has strengthened the company's capital structure, increasing the paid-up equity capital from Rs 9,67,62,980 to Rs 10,17,62,980. The total number of outstanding equity shares has risen from 96,76,298 to 1,01,76,298 shares, representing a capital increase of Rs 50,00,000.

Promoter Participation and Allotment Distribution

Both promoters participated equally in the warrant conversion process, demonstrating strong commitment to the company's growth trajectory. The allotment was distributed evenly between the two identified promoters.

The newly allotted equity shares rank pari passu with existing equity shares of the company in all respects, providing equal rights and privileges to the warrant holders who exercised their conversion option.

Vega Jewellers Limited , a company listed on the Bombay Stock Exchange (BSE), has received approval for listing 1,99,554 equity shares. This development marks a significant step in the company's capital structure.

Key Details of the Listing Approval

Regulatory Compliance and Next Steps

The BSE's listing approval comes with specific conditions that Vega Jewellers must adhere to:

1. SEBI Regulations: The company is required to comply with the provisions set by the Securities and Exchange Board of India (SEBI).

2. Document Submission: To obtain trading approval for the newly listed shares, Vega Jewellers must file the necessary documents within seven working days.

3. Trading Approval: The actual trading of these shares on the BSE will commence only after the company receives trading approval, which is contingent upon fulfilling the required documentation and compliance measures.

This listing approval represents a strategic move for Vega Jewellers, potentially enhancing its capital base and providing additional liquidity to non-promoter shareholders who have converted their warrants into equity shares.

Investors and market participants should note that while the listing approval has been granted, the actual trading of these new shares is subject to further regulatory processes and approvals.

Stakeholders are advised to keep an eye on official communications from the company and regulatory bodies for any updates regarding the trading approval and commencement of trading for these newly listed shares.