Vega Jewellers Ltd — Important, 11-09-2025: Company Update

Vega Jewellers announced the withdrawal of its application to reclassify Mallinath Madineni from the promoter to the public category. The company plans to file a fresh, consolidated application. This new submission will include both Mallinath Madineni and Santan Investments Advisory LLP for reclassification. Significantly, it will also re-submit the earlier request, previously rejected by the BSE, for the reclassification of Avishek Himatsingka and Variable Plaza Private Limited. This strategic move aims to streamline and consolidate multiple reclassification efforts, offering investors a clearer picture of the evolving shareholding structure.