Vega Jewellers Share Price Alert! 4:1 Bonus Issue Confirmed, Allotment By May 09; Buy The Stock On Monday?

Vega Jewellers a prominent Indian jewellery retailer and manufacturer based in Hyderabad has declared that the Board of Directors of the company held on Tuesday, the 10th day of March 2026 has declared and considered bonus shares comprising 4,07,05,192 equity shares of face value of Rs. 10/- each would be issued as bonus issue and confirmed the estimated allotment date.

Vega Jewellers Bonus Shares

"The Board of Directors has considered, approved and recommended the issue of Bonus Shares in the ratio of 4:1 i.e. 4 (Four) new fully paid-up Equity Shares of Rs. 10/- (Rupees Ten Only) each for every 1 (One) existing fully paid-up Equity Share of Rs. 10/- (Rupees Ten Only) to the eligible Equity Shareholders of the Company as on record date subject to the approval of the shareholders through an Extraordinary General Meeting and any other applicable statutory and regulatory approvals, as may be required," confirmed Vega Jewellers in a regulatory statement.

Within two months from the date of the Board Meeting, i.e. on or before May 09, 2026 is the estimated date by which such bonus shares would be credited/dispatched to the demat account of the eligible shareholders.

The company's paid-up share capital was 1,01,76,298 equity shares with a face value of Rs 10 apiece, totaling Rs 10,17,62,980, prior to the bonus issue. It is anticipated that the post-bonus paid-up share capital would increase to 5,08,81,490 equity shares at Rs 10 each, bringing the total equity capital to Rs 50,88,14,900.

To implement the bonus issue, the company plans to utilize free reserves and/or share premium amounting to approximately Rs 40,70,51,920, which will be used to fund the issuance of the estimated number of bonus shares.

Vega Jewellers Share Price

The last traded price of Vega Jewellers was seen on 05 Feb 26 at Rs 312.25 apiece whereas the company's market cap reached Rs 317.75 Cr.

The stock has delivered an exceptional rally over the past year, moving sharply from its 52-week low of Rs 24.71 recorded on 06 February 2025 to Rs 312.25, which is also its 52-week high touched on 19 January 2026. At the current market price of Rs 312.25, the stock is trading at the very top of its one-year price range, indicating strong bullish momentum and significant investor interest.

In terms of performance, the stock has surged by Rs 287.54 per share from its 52-week low. This translates into a massive gain of around 1,164% over the period. Such a steep rise reflects a multi-fold rally in the stock price, showing that the stock has multiplied more than 12 times from its lowest level within the last year.

Vega Jewellers Target Price

"Vega Jewellers stock price is bullish and extremely overbought with next resistance at 345 on the Daily charts. Investors should book profits at current levels as a Daily close below support of 299 could lead to a target of 247 in the near term," commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.

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