Vega Jewellers Limited has announced a corporate action that may increase the promoters' stake in the company. The board of directors has approved the issuance of convertible warrants to the company's promoters through a preferential allotment.

Key Details of the Warrant Issue

Approval Process and Timeline

The board's decision is subject to shareholder approval, which will be sought at an upcoming Extraordinary General Meeting (EGM). Here are the important dates:

• EGM Date: December 17, 2025
• EGM Time: 12:00 P.M.
• Mode of Meeting: Video Conference/Other Audio-Visual Means (OAVM)

Purpose of Fund Raising

The company intends to use the funds raised through the issuance of convertible warrants for business expansion and retail outlet growth.

Additional Matters for Shareholder Approval

In addition to the warrant issue, the company is seeking shareholder approval for material related party transactions. These include:

1. Transactions worth Rs. 100.00 crores each with four subsidiary entities:
   • Vega Jewellers KKDLLP
   • ELRLLP
   • JHILLSLLP
   • M/s Vega Jewellers
2. These transactions are for the supply of goods and services over a period of five years.

Implications

This move by Vega Jewellers Limited indicates a potential increase in the promoters' stake in the company. Convertible warrants give the holders the right to convert them into equity shares at a predetermined price within a specified timeframe. This could lead to an influx of funds into the company if the warrants are exercised in the future.

The approval of material related party transactions suggests significant business activities with subsidiary entities, which could impact the company's operations and financial performance.

Shareholders will have the opportunity to vote on these proposals at the upcoming EGM. The company will need to provide further details on the terms of the warrant conversion and the nature of the related party transactions, which will be crucial for shareholders to make informed decisions.

Investors and market watchers may be interested in how these developments could impact the company's capital structure and business operations. Stakeholders are advised to carefully review the detailed terms of the warrant issue and related party transactions once they are made available by the company.

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.