Vega Jewellers Ltd — Important, 20-11-2025: Company Update

Vega Jewellers' board has approved issuing 5,00,000 convertible warrants to promoters, Mr. Naveen Kumar Vanama and Mr. Sudhakar Vanama, at Rs 197.42 each. These warrants can be converted into equity shares within 18 months. Upon full conversion, promoter holding will be 71.22%. The board also approved increasing the Authorized Share Capital from 10 Crore to 51 Crore. This move allows the company to raise capital and expand its equity base, potentially funding future growth initiatives.