Vega Jewellers CFO Vimala Pudigala Steps Down Amid Internal Reorganization

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:

Aspect	Details
Name	Ms. Vimala Pudigala
Previous Position	Chief Financial Officer
New Position	Accounts Manager
Effective Date of Change	November 6, 2025
Reason for Change	Internal reorganization
Shareholding in the Company	Nil

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	+140.06%	+1,673.39%	+11,270.59%

Vega Jewellers Limited, formerly known as PH Trading Limited, has reported robust financial performance for the second quarter of fiscal year 2026, alongside significant corporate changes that signal a strategic shift for the company.

Financial Performance

For the quarter ended September 30, 2025, Vega Jewellers posted impressive consolidated results:

Particulars (in ₹ lakhs)	Q2 FY26	Q1 FY26	QoQ Change
Revenue from Operations	26,333.03	15,040.07	75.09%
Net Profit	1,052.16	377.02	178.96%
Basic EPS (in ₹)	8.87	4.34	104.38%

The company's revenue from operations saw a significant quarter-on-quarter increase of 75.09%, rising from ₹15,040.07 lakhs in Q1 FY26 to ₹26,333.03 lakhs in Q2 FY26. Net profit for the quarter stood at ₹1,052.16 lakhs, marking a substantial growth of 178.96% compared to the previous quarter's ₹377.02 lakhs.

Corporate Changes

In addition to the strong financial performance, Vega Jewellers announced several key corporate changes:

Relocation of Corporate Office: The Board of Directors has approved the shifting of the corporate office from Mumbai to Hyderabad, a move that may indicate a strategic realignment of the company's operations.
Subsidiary Appointment: CS Kiran Kumar, the Company Secretary of Vega Jewellers Limited, has been appointed as the Company Secretary of Vega Jewellery Mart Private Limited, a subsidiary of the company.
CFO Appointment: Mr. Siva Prasad Panguluri has been promoted from Vice President-Finance to Chief Financial Officer (CFO) of the company. Mr. Panguluri brings over 17 years of post-qualification experience in financial management, accounting, reporting, and strategic finance to his new role.

Expansion and Subsidiaries

The company's growth strategy is evident from its recent investments and expansions:

On August 1, 2025, Vega Jewellers invested ₹5.09 crores in Vega Jewellers J Hills LLP, acquiring a 50.99% partnership stake.
At the Annual General Meeting on September 19, 2025, shareholders approved an increase of 9.99% in the company's profit/loss sharing ratio in Vega Jewellers J Hills LLP, bringing the total shareholding to 60.98%.

These moves suggest that Vega Jewellers is actively pursuing growth opportunities and strengthening its market position in the jewellery sector.

The company's focus remains primarily on the jewellery business, with no separate reportable segments under Ind AS 108 — Operating Segments.

As Vega Jewellers Limited continues to expand and restructure, these latest financial results and corporate changes indicate a company on a strong growth trajectory, positioning itself for future success in the competitive jewellery market.