Vega Jewellers Limited has successfully completed the allotment of 5,00,000 convertible warrants worth Rs 98.71 crores following its board meeting held on January 3, 2026. The company received in-principle approval from BSE Limited for this preferential warrant issue to promoters under Regulation 30 of SEBI LODR.

Board Meeting and Allotment Approval

The board of directors meeting held on January 3, 2026, at 12:00 PM through video conferencing mode approved the allotment of warrants as planned. The meeting concluded at 12:45 PM after finalizing all necessary approvals for the preferential allotment.

Warrant Issue Specifications

The convertible warrants were issued at Rs 197.42 per warrant, aggregating to Rs 9,87,10,000. Each warrant carries the right to convert into one equity share of face value Rs 10.00 within 18 months from the allotment date.

Promoter Allottee Details

The warrants were allocated equally between two promoters of the company. The allotment strengthens promoter commitment while providing growth capital for business expansion.

Subscription Payment and Exercise Terms

The company has received 25% of the warrant issue price as upfront subscription amount from the promoters. The remaining amount will be payable upon exercise of conversion rights within the stipulated timeframe.

Post-Conversion Shareholding Impact

Upon full conversion of all warrants, the promoter shareholding will increase from 69.73% to 71.22%, while the total paid-up share capital will rise from 96,76,298 shares to 1,01,76,298 shares. The warrants themselves do not carry voting rights until converted into equity shares.

Regulatory Compliance Framework

The warrant allotment was executed under BSE's in-principle approval dated December 29, 2025, following compliance with SEBI ICDR Regulations 2018, Companies Act 2013, and LODR Regulations 2015. The process included necessary shareholder approvals through Extraordinary General Meeting.

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.