Glistening Growth Ahead: Vega Jewellers’ Convertible Warrants Proposal Takes Center Stage

Vega Jewellers has officially announced plans to convene its Board of Directors meeting on November 20, 2025. The meeting will primarily focus on approving the quantum of funds to be raised through the issue of convertible warrants via a preferential allotment route. These warrants are intended for conversion into equity shares and will be preferentially offered to promoters Mr. Naveen Kumar Vanama and Mr. Sudhakar Vanama, subject to shareholder approval in the forthcoming Extraordinary General Meeting (EGM).

 

In addition to financial approvals, the Board will discuss logistics concerning the upcoming EGM, including setting the date, time, and venue. The company also reserves the flexibility to consider any other business with the Chairperson's permission.

 

Importantly, as per regulatory compliance and to uphold trading ethics, the trading window for designated persons and their immediate relatives has been closed since November 17, 2025, and will remain so until 48 hours after the Board meeting. This measure aligns with the Code of Conduct to Regulate, Monitor, and Report Trading in Securities of the company, pertaining to this proposed fundraise.

 

Notable Updates:

Sources: NSE Circular, Vega Jewellers official disclosures