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 prominent player in the jewelry industry, has announced a significant change in its key managerial personnel. Ms. Vimala Pudigala, who has been serving as the company's Chief Financial Officer (CFO), has resigned from her position effective November 6, 2025. This development comes as part of an internal reorganization within the company.

Resignation Details

The company's board of directors took note of Ms. Pudigala's resignation during their meeting held on November 6, 2025. The decision was promptly communicated to the stock exchange, adhering to regulatory obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transition to New Role

While Ms. Pudigala is stepping down from her role as CFO, she will continue to serve Vega Jewellers Limited in a different capacity. Following the internal reorganization, her designation has been reclassified, and she will now take on the role of Accounts Manager within the company.

Key Information

Here are the essential details of this corporate action:

Company's Statement

In its official communication to the BSE Limited, Vega Jewellers Limited stated, "Due to internal reorganisation, the designation was revised from Chief Financial Officer to Accounts Manager. Subsequently, [Ms. Pudigala] resigned from the position of CFO and will be continued as Accounts Manager."

Implications and Outlook

This change in key managerial personnel marks a significant shift in Vega Jewellers' corporate structure. While the company has not disclosed the specific reasons behind the internal reorganization, such moves are often aimed at optimizing operational efficiency and aligning with strategic objectives.

As Vega Jewellers Limited navigates this transition, stakeholders will be keen to observe any potential impacts on the company's financial management and reporting processes. The retention of Ms. Pudigala in an accounts management role suggests a continuation of her expertise within the organization, albeit in a different capacity.

The company's proactive disclosure of this change demonstrates its commitment to transparency and compliance with regulatory requirements. As the jewelry industry continues to evolve, Vega Jewellers' organizational adjustments may be seen as part of its strategy to remain competitive and responsive to market dynamics.

Investors and market analysts will likely monitor the company's performance in the coming quarters to assess the effects of this leadership change on its financial operations and overall business strategy.