Vega Jewellers Ltd — Updates, 11-04-2025: Company Update

Vega Jewellers Limited has announced a board meeting to approve the allotment of 42,90,575 equity shares following the exercise of warrants on a preferential basis. This follows the earlier allocation of 92,16,298 convertible warrants. The company received ₹17.69 crore from 65 warrant holders at ₹41.25 per warrant, resulting in the increase of issued and paid-up capital from ₹48 lakh to about ₹4.77 crore. This capital infusion enhances the company’s financial health and could be seen as a positive outlook by investors, reflecting confidence in the company's growth strategy.