Corporate Action5 Sept 2026, 04:50 pm
Vega Jewellers Forfeits 20,000 Warrants Worth ₹2.75 Lakhs
AI Summary
Vega Jewellers Limited has approved the forfeiture of 20,000 convertible warrants allotted to Mr. Hanumantha Rao Patri. The forfeiture is due to the non-payment of the remaining 75% of the issue price within the stipulated exercise period, which expired on June 26, 2026. The company will retain the upfront payment of ₹2,75,000 made against these warrants. Consequently, all rights associated with these warrants, including conversion into equity shares, are extinguished.
Key Highlights
- 20,000 convertible warrants forfeited by Vega Jewellers.
- Forfeiture due to non-payment of balance issue price.
- Upfront payment of ₹2.75 Lakhs forfeited.
- No equity shares will be allotted against these warrants.
Price Impact
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