Vega Jewellers Ltd — Important, 03-01-2026: Company Update

Vega Jewellers' board approved the preferential allotment of 5 lakh convertible warrants, valued at Rs. 9.87 Cr, at Rs. 197.42 per warrant. These warrants, issued to promoters Naveen Kumar Vanama and Sudhakar Vanama, can be converted into an equal number of equity shares within 18 months. This strategic move is set to increase promoter holding from 69.73% to 71.22% upon full conversion, signaling a stronger commitment and confidence in the company's long-term growth by its core leadership.