Vega Jewellers Limited has successfully concluded its Board of Directors meeting held on March 10, 2026, approving multiple significant corporate actions including a generous 4:1 bonus shares proposal. The board meeting, conducted through video conferencing at 12:30 PM IST, resulted in comprehensive approvals that will benefit existing shareholders and strengthen corporate governance.

Board Meeting Outcomes and Approvals

The board has approved several key resolutions during the meeting that concluded at 1:00 PM. The primary focus was on the bonus shares issuance alongside corporate governance enhancements:

Bonus Shares Implementation Framework

The board has recommended the issuance of bonus shares in the ratio of 4:1, meaning shareholders will receive 4 new fully paid-up equity shares of ₹10 each for every 1 existing fully paid-up equity share. The bonus shares, once allotted, will rank pari-passu in all respects with existing equity shares and carry identical rights. These shares will be entitled to participate fully in any dividend and other corporate actions recommended and declared after their issue and allotment.

Corporate Governance Enhancements

Alongside the bonus issue, the board has approved significant corporate governance improvements. The company will adopt an amended Memorandum of Association (MOA) and a new set of Articles of Association (AOA) as per the Companies Act, 2013, both subject to shareholder approval at the upcoming EGM.

EGM Scheduling and Scrutinizer Appointment

The Extraordinary General Meeting has been scheduled for Wednesday, April 08, 2026, at 12:00 PM (IST) through video conferencing mode. The board has appointed M/s. RPR & Associates, Company Secretaries, as the scrutinizer for the EGM to ensure fair and transparent scrutiny of voting processes, including remote e-voting.

The company will announce the record date for determining shareholder eligibility for the bonus issue in due course. The disclosure has been made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with Company Secretary B. Kiran Kumar digitally signing the notification to ensure full regulatory compliance.

Vega jewellers Limited has secured trading approval from BSE Limited for equity shares issued to promoters on a preferential basis. The company, formerly known as PH Trading Ltd, announced this development through a regulatory filing under SEBI LODR Regulations on February 26, 2026.

Trading Approval Details

BSE Limited granted trading approval through their letter bearing reference number LOD/PREF/SV/414/2025-2026 dated February 25, 2026. The approval became effective from February 26, 2026, enabling the newly issued shares to commence trading on the exchange.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company referenced multiple previous corporate announcements dated between November 2025 and January 2026, indicating an ongoing process that has now reached completion.

The BSE approval letter was signed by Prachi Babadi, Manager, and Hetika Chandni, Deputy Manager, confirming the exchange's formal acceptance of the securities for trading. BSE also issued Notice No. 20260225-8 dated February 25, 2026, to inform trading members about the listing.

Company Information

Vega Jewellers Limited, incorporated as PH Trading Limited in 1982, operates from its registered office at One Lodha Place, Lower Parel, Mumbai. The company holds CIN L47733MH1982PLC437771 and maintains its corporate communications through designated channels.

The regulatory filing was signed by B. Kiran Kumar, Company Secretary, who digitally authenticated the document on February 26, 2026. This completion of the trading approval process enables the promoter-allotted shares to participate in regular market trading activities on BSE.