Vega Jewellers Ltd — Updates, 04-06-2025: Company Update

VEGA JEWELLERS LIMITED

(Formerly Known as PH Trading Limited)

Regd OƯice: One Lodha Place, 14th Floor, Unit 1403, Senapati Bapat Marg,

Lower Parel, Delisle Road, Mumbai, Maharashtra, India, 400013

CIN: L47733MH1982PLC437771, Email: cs@vegajewellers.com, Phone No. 7075567702

Date: 04.06.2025

To

BSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street, Fort,

Mumbai- 400001.

Dear Sir/Madam,

Sub: Revised Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015 – Allotment of 1,36,553 (One Lakh Thirty-Six Thousand Five

Hundred and Fifty-Three only) Equity Shares of Face value of Rs. 10/- each pursuant to exercise

of warrants allotted on preferential basis on December 26, 2024.

Unit: Vega Jewellers Limited (Formerly, PH Trading Limited) (BSE Scrip Code: 512026)

Ref: Company’s Letter dated 26.12.2024 for Allotment of Warrants, 11.04.2025, 26.04.2025,

13.05.2025 and 29.05.2025 for Allotment of Equity shares pursuant to conversion of Warrants.

***

This is furtherance to our intimation of the Board of Directors of the Company at its meeting held on

i.e. May 29, 2025, the Revised Disclosure Pursuant to Regulation 30 of the SEBI (Listing Obligations

and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), the amount received

from Warrant Holders Company was inadvertently mentioned as Rs. 13,65,530. However, the receipt

of the amounts received from 6 Warrant holders of the Company stands corrected now as Rs.

56,32,811.25 (Rupees Fifty-Six Lakhs Thirty-Two Thousand Eight Hundred and Eleven and

Twenty-Five paisa Only).

This is also in continuane to our intimation dated December 26, 2024 w.r.t. allotment of 92,16,298

(Ninety-Two Lakh Sixteen Thousand Two Hundred Ninety-Eight only) Convertible Warrants of Rs.

10/- each convertible into, or exchangeable for, 1 (one) fully paid-up equity share of the Company

having face value of Rs. 10/- (Rupee Ten One Only) each at a price of Rs. 55/- (Rupees Fifty-Five

only) (“Warrant Issue Price” [including the warrant subscription price (Rs. 13.75/- per warrant) and

the warrant exercise price (Rs. 41.25/- per warrant) with a Premium of Rs. 45/- payable in cash,

aggregating up to Rs. 50,68,96,390/- (Rupees Fifty Crores Sixty-Eight Lakhs Ninety-Six Thousand

Three Hundred and Ninety Only) (“Total Issue Size”) on a preferential basis to 103 allottees

belonging to promoter, promoter group and non-promoter category.

Earlier, the Board of Directors of the Company at its meeting held on i.e. April 11, 2025, Pursuant to

Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

(“SEBI Listing Regulations”), Out of total 92,16,298 Convertible Warrants allotted on December 26,

2024, this to inform you that upon receipt of an amount aggregating Rs. 17,69,86,218.75 (Rupees

Seventeen Crores Sixty-Nine Lakhs Eighty-Six Thousand Two Hundred and Eighteen and Seventy-

Five Paisa Only) from 65 warrant holders at the rate of Rs. 41.25 (Rupees Forty-One and Twenty Five

Paisa Only) per warrant (being 75% of the issue price per warrant as “Warrant Exercise Price”) for

42,90,575 (Forty-Two Lakhs Ninety Thousand Five Hundred Seventy Five Only) No. of Convertible

warrants, as per the terms of issue of Warrants, the Board of Directors of the Company at its meeting

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VEGA JEWELLERS LIMITED

(Formerly Known as PH Trading Limited)

Regd OƯice: One Lodha Place, 14th Floor, Unit 1403, Senapati Bapat Marg,

Lower Parel, Delisle Road, Mumbai, Maharashtra, India, 400013

CIN: L47733MH1982PLC437771, Email: cs@vegajewellers.com, Phone No. 7075567702

held on i.e. April 11, 2025, considered and approved the allotment of 42,90,575 (Forty-Two Lakhs

Ninety Thousand Five Hundred Seventy Five Only) No of equity shares of face value of Re. 10/- each,

upon exercising the option to apply for conversion to fully paid up Equity Shares of the Company by

65 warrant holders

Also, the Board of Directors of the Company at its meeting held on i.e. April 25, 2025, Pursuant to

Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

(“SEBI Listing Regulations”), Out of total 92,16,298 Convertible Warrants allotted on December 26,

2024, this to inform you that upon receipt of an amount aggregating Rs.19,41,29,471.25 (Rupees

Nineteen Crores Forty-One Lakhs Twenty-Nine Thousand Four Hundred and Seventy-One and

Twenty-Five paisa Only) from 37 warrant holders (including to whom already allotted partially) at the

rate of Rs. 41.25 (Rupees Forty-One and Twenty Five Paisa Only) per warrant (being 75% of the issue

price per warrant as “Warrant Exercise Price”) for 47,06,169 (Forty-Seven Lakhs Six Thousand One

Hundred and Sixty Nine only) No. of Convertible warrants, as per the terms of issue of Warrants, the

Board of Directors of the Company at its meeting held on i.e. April 25, 2025, considered and approved

the allotment of 47,06,169 (Forty-Seven Lakhs Six Thousand One Hundred and Sixty Nine only) No

of equity shares of face value of Re. 10/- each, upon exercising the option to apply for conversion to

fully paid up Equity Shares of the Company by 37 warrant holders as per the details given hereunder

Annexure below.

Also, the Board of Directors of the Company at its meeting held today on i.e. May 13, 2025, Pursuant

to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

(“SEBI Listing Regulations”), Out of total 92,16,298 Convertible Warrants allotted on December 26,

2024, this to inform you that upon receipt of an amount aggregating Rs. 12,37,500 (Rupees Twelve

Lakhs Thirty-Seven Thousand Five Hundred Only) from 1 warrant holder at the rate of Rs. 41.25

(Rupees Forty-One and Twenty Five Paisa Only) per warrant (being 75% of the issue price per warrant

as “Warrant Exercise Price”) for 30,000 (Thirty Thousand only) No. of Convertible warrants, as per

the terms of issue of Warrants, the Board of Directors of the Company at its meeting held on i.e. May

13, 2025, considered and approved the allotment of 30,000 (Thirty Thousand only) No of equity

shares of face value of Rs. 10/- each, upon exercising the option to apply for conversion to fully paid

up Equity Shares of the Company by 1 warrant holder as per the details given hereunder Annexure

below.

Currently, the Board of Directors of the Company at its meeting held today on i.e. May 29, 2025,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015 (“SEBI Listing Regulations”), Out of total 92,16,298 Convertible Warrants allotted

on December 26, 2024, this to inform you that upon receipt of an amount aggregating Rs.

56,32,811.25 (Rupees Fifty-Six Lakhs Thirty-Two Thousand Eight Hundred and Eleven and

Twenty-Five paisa Only) from 6 warrant holder at the rate of Rs. 41.25 (Rupees Forty-One and

Twenty Five Paisa Only) per warrant (being 75% of the issue price per warrant as “Warrant Exercise

Price”) for 1,36,553 (One Lakh Thirty Six Thousand Five Hundred and Fifty Three Only) No. of

Convertible warrants, as per the terms of issue of Warrants, the Board of Directors of the Company at

its meeting held today i.e. May 29, 2025, considered and approved the allotment of 1,36,553 (One

Lakh Thirty Six Thousand Five Hundred and Fifty Three Only) No of equity shares of face value

of Rs. 10/- each, upon exercising the option to apply for conversion to fully paid up Equity Shares of

the Company by 6 warrant holders as per the details given hereunder Annexure below.

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VEGA JEWELLERS LIMITED

(Formerly Known as PH Trading Limited)

Regd OƯice: One Lodha Place, 14th Floor, Unit 1403, Senapati Bapat Marg,

Lower Parel, Delisle Road, Mumbai, Maharashtra, India, 400013

CIN: L47733MH1982PLC437771, Email: cs@vegajewellers.com, Phone No. 7075567702

Consequently, the issued and paid-up capital of the Company will be increased from Rs.

9,50,67,440 divided into 95,06,744 Equity Shares of Face value of Rs. 10/- each to Rs. 9,64,32,970

divided into 96,43,297 Equity Shares of Face value of Rs. 10/- each.

The new equity shares so allotted, shall rank pari- passu with the existing equity shares of the

Company.

Disclosure as required under Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI

Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, SEBI circular

SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 and SEBI/HO/CFD/CFD-

PoD1/P/CIR/2023/123 dated July 13, 2023 is provided under Annexure A below.

The application for listing and trading approval of the Stock Exchanges for the equity shares allotted

as above shall be made in due course.

This is for the information and records of the Exchange, please.

Thanking you.

Yours faithfully,

for Vega Jewellers Limited

(Formerly, PH Trading Limited)

B. Kiran Kumar

Company Secretary and Compliance Officer

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VEGA JEWELLERS LIMITED

(Formerly Known as PH Trading Limited)

Regd OƯice: One Lodha Place, 14th Floor, Unit 1403, Senapati Bapat Marg,

Lower Parel, Delisle Road, Mumbai, Maharashtra, India, 400013

CIN: L47733MH1982PLC437771, Email: cs@vegajewellers.com, Phone No. 7075567702

Annexure A

The details relating to issuance of Equity shares as required under Regulation 30 of SEBI

(LODR) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated

September 9, 2015, SEBI circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 and

SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023:

Details regarding Preferential Allotment of warrants

S. No Particulars Information

1. Type of securities proposed to

be issued (viz. equity shares,

Convertibles etc.);

Equity Shares pursuant to conversion of warrants.

2. Type of issuance (further public

offering, rights issue,

depository receipts

(ADR/GDR), qualified

institutions placement,

preferential allotment etc.);

Preferential allotment in accordance with the

provisions of the Companies Act, 2013 and the rules

made thereunder and SEBI (Issue of Capital and

Disclosure Requirements) Regulations, 2018, as

amended ("ICDR Regulations") and other applicable

laws.

3. Total number of securities

proposed to be issued or the

total amount for which the

securities will be issued

(approximately);

1,36,553 (One Lakh Thirty-Six Thousand Five

Hundred and Fifty-Three Only) No of equity shares of

face value of Rs. 10/- each upon receipt of an amount

aggregating to Rs. 56,32,811.25 (Rupees Fifty-Six

Lakhs Thirty-Two Thousand Eight Hundred and

Eleven and Twenty-Five paisa Only) from 6 warrant

holder at the rate of Rs. 41.25 (Rupees Forty-One and

Twenty-Five Paisa Only) per warrant (being 75% of

the issue price per warrant as “Warrant Exercise

Price”) for 1,36,553 (One Lakh Thirty-Six Thousand

Five Hundred and Fifty-Three Only) No. of

Convertible Warrants.

In case of preferential issue, the listed entity shall disclose the following additional details

to the stock exchange(s)

4. Names of the investor(s) As enclosed in Annexure B

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VEGA JEWELLERS LIMITED

(Formerly Known as PH Trading Limited)

Regd OƯice: One Lodha Place, 14th Floor, Unit 1403, Senapati Bapat Marg,

Lower Parel, Delisle Road, Mumbai, Maharashtra, India, 400013

CIN: L47733MH1982PLC437771, Email: cs@vegajewellers.com, Phone No. 7075567702

5. Post allotment of securities

- Outcome of the subscription,

issue price / allotted price (in case

of convertibles}, number of

investors

Post allotment of securities, the issued and paid-up

capital of the Company stands increased from

Rs. 9,50,67,440 divided into 95,06,744 Equity Shares

of Face value of Rs. 10/- each to Rs. 9,64,32,970

divided into 96,43,297 Equity Shares of Face value

of Rs. 10/- each.

Earlier, 92,16,298 Convertible Warrants had been

allotted on December 26, 2024, upon receipt of an

amount aggregating to Rs. 12,67,24,097.50 (Rupees

Twelve Crores Sixty-Seven Lakhs Twenty-Four

Thousand and Ninety-Seven and Fifty Paisa only) at the

rate of Rs. 13.75/- (Rupees Thirteen and Seventy-Five

Paisa Only) per warrant, being 25% of the issue price

per warrant as upfront payment (“Warrant

Subscription Price”) to 103 allottees.

Also, in the Board meeting held on 11th April, 2025,

42,90,575 (Forty-Two Lakhs Ninety Thousand Five

Hundred Seventy-Five Only) No of equity shares of

face value of Re. 10/- each have been allotted upon

receipt of an amount aggregating to Rs.

17,69,86,218.75 (Rupees Seventeen Crores Sixty-Nine

Lakhs Eighty-Six Thousand Two Hundred and

Eighteen and Seventy-Five Paisa Only) from 65

warrant holders at the rate of Rs. 41.25 (Rupees Forty-

One and Twenty-Five Paisa Only) per warrant (being

75% of the issue price per warrant as “Warrant

Exercise Price”) for 42,90,575 (Forty-Two Lakhs

Ninety Thousand Five Hundred Seventy-Five Only)

No. of Convertible warrants.

Also, in the Board meeting held on 25th April, 2025,

47,06,169 (Forty-Seven Lakhs Six Thousand Six One

Hundred and Sixty-Nine only) No of equity shares of

face value of Re. 10/- each upon receipt of an amount

aggregating to Rs. 19,41,29,471.25 (Rupees Nineteen

Crores Forty-One Lakhs Twenty-Nine Thousand Four

Hundred and Seventy-One and Twenty-Five Paisa

Only) from 37 warrant holders (including to whom

already allotted partially) at the rate of Rs. 41.25

(Rupees Forty-One and Twenty-Five Paisa Only) per

warrant (being 75% of the issue price per warrant as

“Warrant Exercise Price”) for 47,06,169 (Forty-

Seven Lakhs Six Thousand One Hundred and Sixty-

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VEGA JEWELLERS LIMITED

(Formerly Known as PH Trading Limited)

Regd OƯice: One Lodha Place, 14th Floor, Unit 1403, Senapati Bapat Marg,

Lower Parel, Delisle Road, Mumbai, Maharashtra, India, 400013

CIN: L47733MH1982PLC437771, Email: cs@vegajewellers.com, Phone No. 7075567702

Nine only) No. of Convertible Warrants.

Also, in the board meeting held on 13th May 2025,

30,000 (Thirty Thousand only) No of equity shares of

face value of Rs. 10/- each upon receipt of an amount

aggregating to Rs. 12,37,500 (Rupees Twelve Lakhs

Thirty-Seven Thousand Five Hundred Only) from 1

warrant holder at the rate of Rs. 41.25 (Rupees Forty-

One and Twenty-Five Paisa Only) per warrant (being

75% of the issue price per warrant as “Warrant

Exercise Price”) for 30,000 (Thirty Thousand only) No.

of Convertible Warrants.

Currently, in the board meeting held on 29th May 2025,

1,36,553 (One Lakh Thirty-Six Thousand Five

Hundred and Fifty-Three Only) No of equity shares of

face value of Rs. 10/- each upon receipt of an amount

aggregating to Rs. 56,32,811.25 (Rupees Fifty-Six

Lakhs Thirty-Two Thousand Eight Hundred and

Eleven and Twenty-Five paisa Only) from 6 warrant

holders at the rate of Rs. 41.25 (Rupees Forty-One and

Twenty-Five Paisa Only) per warrant (being 75% of the

issue price per warrant as “Warrant Exercise Price”)

for 1,36,553 (One Lakh Thirty Six Thousand Five

Hundred and Fifty-Three Only) No. of Convertible

Warrants.

6. In case of convertibles -

intimation on conversion of

securities or on lapse of the

tenure of the instrument

The Tenure of the warrants shall not exceed 18

(Eighteen) months from the date of the allotment. Each

warrant shall carry a right to subscribe to 1 (one)

Equity Share of face value of Rs.10 each, which may

be exercised in one or more tranches during the period

commencing from the date of allotment of warrants

until the expiry of 18 (Eighteen) months from the date

of allotment of the warrants.

In the event, the Warrant Holder does not exercise the

Warrants within 18 (Eighteen) Months from the date

of allotment of the Warrants, the Warrants shall lapse

and the amount paid on such Warrants shall stand

forfeited by the Company.

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VEGA JEWELLERS LIMITED

(Formerly Known as PH Trading Limited)

Regd OƯice: One Lodha Place, 14th Floor, Unit 1403, Senapati Bapat Marg,

Lower Parel, Delisle Road, Mumbai, Maharashtra, India, 400013

CIN: L47733MH1982PLC437771, Email: cs@vegajewellers.com, Phone No. 7075567702

Annexure B

Names of Investors:

S.No Name

No. of

Warrants

Allotted

Warrants

Subscription

Price (25%

of

Issue Price)

Warrants

Exercise

Price (75%

of

Issue Price)

Warrants

already

converted to

Equity

Share

Warrants

applied for

conversion

now

Warrants

pending

to be

converted

1 Dinesh Sunkara

17,614 2,42,193 7,26,577 - 17,614 -

2

Cheruku Durga

Prasad

50,000 6,87,500 20,62,500 21,818 28,182 -

3 Mounika Gajula

35,000 4,81,300 14,43,700 - 35,000 -

4

V Subba Reddy

Mulagondla

40,000 5,50,000 16,50,000 24,242 15,758 -

5

Siva Rama Krishna

Prasad Atluri

20,000 2,75,000 8,25,000 - 20,000 -

6

Deepak

Kharwad(HUF)

20,000 2,75,000 8,25,000 - 20,000 -

Total

1,82,614 25,10,993 75,32,777 46,061 1,36,553 -

Yours faithfully,

for Vega Jewellers Limited

(Formerly, PH Trading Limited)

B. Kiran Kumar

Company Secretary and Compliance Officer

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