Vega Jewellers Limited has announced a board meeting where it was decided to lapse and forfeit 20,000 convertible warrants allotted to Mr. Hanumantha Rao Patri.

This action follows the non-payment of the balance 75% of the issue price within the stipulated exercise period.

The upfront amount of ₹2,75,000 paid for these warrants will be forfeited by the company, and no equity shares will be allotted against them.

This decision does not alter the company's capital structure.