Description

BSE lists 1,99,554 new equity shares of Vega Jewellers Limited issued on preferential basis pursuant to warrant conversion, effective December 26, 2025.

Summary

BSE has approved the listing of 1,99,554 new equity shares of Vega Jewellers Limited (Scrip Code: 512026) issued to non-promoters on a preferential basis pursuant to warrant conversion. The shares will commence trading from December 26, 2025, and are subject to lock-in until June 30, 2026.

Key Points

  • Total new shares listed: 1,99,554 equity shares of Rs. 10/- each
  • Issue price: Rs. 55/- per share (Rs. 10 face value + Rs. 45 premium)
  • Allotted to non-promoters on preferential basis through warrant conversion
  • Shares rank pari-passu with existing equity shares
  • ISIN: INE603D01017
  • Distribution numbers: 9476745 to 9676298

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must note the listing of new securities effective December 26, 2025
  • Lock-in restrictions apply to all 1,99,554 shares until June 30, 2026
  • Shares issued in three tranches with distinct allotment dates must be tracked accordingly

Important Dates

  • May 13, 2025: First allotment of 30,000 shares (Dist. Nos. 9476745-9506744)
  • May 29, 2025: Second allotment of 1,36,554 shares (Dist. Nos. 9506745-9643298)
  • August 14, 2025: Third allotment of 33,000 shares (Dist. Nos. 9643299-9676298)
  • December 24, 2025: Circular notice date
  • December 26, 2025: Trading commencement date
  • June 30, 2026: Lock-in expiry date for all shares

Impact Assessment

This is a routine corporate action with limited market impact. The listing adds approximately 2 lakh shares to the tradable universe of Vega Jewellers Limited, though they remain locked-in for 18 months from the notice date. The preferential allotment to non-promoters represents capital raising through warrant conversion at Rs. 55 per share, bringing approximately Rs. 1.10 crore to the company. Market participants should note the lock-in restrictions when assessing available float.

Impact Justification

Routine listing of new shares from warrant conversion affecting a single company with minimal market-wide impact