Vega Jewellers Limited has disclosed a substantial acquisition of shares by its promoter Naveen Kumar Vanama through conversion of convertible warrants. The transaction, completed on January 19, 2026, involved the conversion of 2,50,000 convertible warrants into an equivalent number of equity shares.

Transaction Details

The acquisition was executed through preferential allotment following the conversion of warrants held by the promoter. Vanama converted his entire holding of 2,50,000 convertible warrants into equity shares, representing 2.45% of the company's diluted share capital.

Shareholding Pattern Changes

Prior to this conversion, Vanama held 33,70,075 equity shares representing 34.82% of the total share capital and 33.05% of the diluted share capital. Additionally, he held 2,50,000 convertible warrants representing 2.45% of the diluted capital.

Impact on Company's Capital Structure

The warrant conversion resulted in an expansion of the company's equity base. The total equity share capital increased from ₹9.68 crores to ₹10.18 crores, with the number of outstanding equity shares rising from 96,76,298 to 1,01,76,298 shares of ₹10 each.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company, formerly known as PH Trading Limited, is listed on BSE Limited with scrip code 512026. The formal disclosure was submitted to both BSE Limited and the company on January 21, 2026, providing transparency regarding the promoter's increased stake in the jewelry company.

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.