Vega Jewellers Secures BSE Listing Approval for 1,99,554 Equity Shares from Warrant Conversion

Vega Jewellers Limited , a company listed on the Bombay Stock Exchange (BSE), has received approval for listing 1,99,554 equity shares. This development marks a significant step in the company's capital structure.

Key Details of the Listing Approval

Aspect	Details
Number of Shares	1,99,554
Face Value	Rs. 10/- per share
Premium	Rs. 45/- per share
Issue Type	Preferential basis
Recipient	Non-promoters
Reason	Pursuant to warrant conversion

Regulatory Compliance and Next Steps

The BSE's listing approval comes with specific conditions that Vega Jewellers must adhere to:

SEBI Regulations: The company is required to comply with the provisions set by the Securities and Exchange Board of India (SEBI).
Document Submission: To obtain trading approval for the newly listed shares, Vega Jewellers must file the necessary documents within seven working days.
Trading Approval: The actual trading of these shares on the BSE will commence only after the company receives trading approval, which is contingent upon fulfilling the required documentation and compliance measures.

This listing approval represents a strategic move for Vega Jewellers, potentially enhancing its capital base and providing additional liquidity to non-promoter shareholders who have converted their warrants into equity shares.

Investors and market participants should note that while the listing approval has been granted, the actual trading of these new shares is subject to further regulatory processes and approvals.

Stakeholders are advised to keep an eye on official communications from the company and regulatory bodies for any updates regarding the trading approval and commencement of trading for these newly listed shares.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	+121.83%	+1,573.59%	+11,270.59%

Vega Jewellers Limited has initiated a significant change in its shareholding structure by applying to the Bombay Stock Exchange (BSE) for the reclassification of one of its promoters, Mallinath Madineni.

Reclassification Details

The company has submitted an application to BSE on November 28, 2025, requesting the reclassification of Mallinath Madineni from the 'Promoter/Promoter Group' category to the 'Public' category. This move is in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholding Impact

The reclassification, if approved, will affect the company's shareholding structure as follows:

Shareholder	Current Category	Proposed Category	Shares Held	Percentage Holding
Mallinath Madineni	Promoter/Promoter Group	Public	6,986	0.07%

Regulatory Compliance

The application for reclassification has been made under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation allows for the reclassification of the status of any person as a promoter or public shareholder, subject to specified conditions and procedures.

Company Background

Vega Jewellers Limited, formerly known as PH Trading Limited, is listed on the BSE with the scrip code 512026. The company's registered office is located at One Lodha Place, 14th Floor, Unit 1403, Senapati Bapat Marg, Lower Parel, Deliste Road, Mumbai, Maharashtra, India, 400013.

This reclassification, if approved by the BSE and SEBI, may alter the composition of Vega Jewellers' promoter group. Shareholders and investors should note that this change could have implications for the company's ownership structure.