VEGA Jewellers Ltd

Vega Jewellers Ltd announced ratings actions from multiple agencies concerning its debt instruments. CRISIL Limited reaffirmed the rating for the Bank loan facilities of Rs 138.00 Crore at CRISIL BBB-/ Stable, with an outlook remaining 'Stable', while also downgrading the same Bank loan facilities of Rs 138.00 Crore from CRISIL BBB-/ Stable, citing a constrained liquidity position and high average bank limit utilization of around 98-99%. Crisil assigned an initial rating of BBB/ Stable (Long-term) & A3+ (Short-term) to Bank loan facilities of Rs 88.00 Crore, and separately noted a downward revision of the rating for Overdraft limits, with a review pending based on utilization during a mid-term review.

Vega Jewellers Ltd announced the reaffirmation of ratings across its various debt instruments by CRISIL and Crisil Ratings, with bank loan facilities totaling Rs 138.00 Crore reaffirmed at CRISIL BBB-/ Stable, an enhancement from the previous limit of Rs 88 Crore; CRISIL reaffirmed the rating for Cash Credit facilities from State Bank of India (Rs 50), Union Bank of India (Rs 10), HDFC Bank Limited (Rs 67), and Axis Bank Limited (Rs 5.77), as well as a Working Capital Term Loan from HDFC Bank Limited (Rs 5.23), all carrying a BBB-/Stable rating; ratings were also provided by the RBI for Listed Commercial Paper and NCDs, Unlisted Commercial Paper and NCDs, Loan Facilities (Fund/Non-Fund Based), External Commercial Borrowings, Certificates of Deposit, Fixed Deposits raised by NBFCs,HFCs, FIs, Fixed Deposits raised by Banks, Listed Security Receipts, Unlisted Security Receipts, Independent Credit Evaluation (ICE), Expected Loss Ratings (Loan Facilities), MCA for Inter Corporate Deposits/Loans, Borrowing programme, Expected Loss Ratings (Unlisted/Proposed to be unlisted Bonds), SEBI for Credit Ratings for Capital Protection Oriented Schemes, Credit quality ratings (CQRs), and Expected Loss Ratings (Listed/Proposed to be listed bonds), all of which were listed as "Not Available."

Vega Jewellers Limited, formerly PH Trading Limited, announced that its board of directors approved increasing its shareholding in Vega Jewellers J Hills LLP from 60.98% to 89.98% and shifting the company’s registered office to Unit A 622, Lodha Signet, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra 400013, effective December 28, 2026.

Vega Jewellers Limited, formerly known as PH Trading Limited, submitted a confirmation certificate to the BSE Limited under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, as confirmed by Purva Sharegistry (India) Pvt. Ltd.

Vega Jewellers Limited, formerly known as PH Trading Limited, announced that shareholders approved the adoption of a new Memorandum of Association at the company’s 44th Annual General Meeting held on September 29, 2026, via video conferencing. The alteration involved deleting object clauses related to the previous company name, PH Trading Limited, and adding new object clauses related to the jewellery business, aligning with the current company name.

Vega Jewellers Limited, formerly PH Trading Limited, will close its trading window for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of its unaudited financial results for the half year ended September 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the company said in a filing to the BSE Limited.

Vega Jewellers Limited, formerly known as PH Trading Limited, announced that its Board of Directors approved the adoption of a new Memorandum of Association during a meeting held on September 5, 2026, which included deleting object clauses related to the previous company name and adding new clauses related to the jewellery business.

Vega Jewellers Limited, formerly known as PH Trading Limited, will hold a board meeting on September 5, 2026, via video conference or other audio-visual mode to consider the Director's Report for the Financial Year 2025-26, the Notice of the 44th Annual General Meeting for the Financial Year 2025-26, and to decide on the date, time, and venue of the 44th Annual General Meeting for FY 2025-26.

Vega Jewellers Ltd share price remained flat to Rs 61.95 after the company's net profit surged by 32.99% to Rs 21.97 crore, while revenue from operations reduced 11.57% to Rs 271.51 crore in Q2FY26 over Q1FY26. The market capitalization of Trading & Distributors industry group stocks on BSE stood at Rs 49383.31 crore, climbing 10.16%. It has inched up 7.14% over last one week and surged by 18.27% in last one month while the market capitalization of Vega Jewellers Ltd has remained flat Profit before tax (PBT) of Vega Jewellers Ltd stood at Rs 30.02 crore in Q2 FY26, rallying 434.16% year-on-year, and expanding by 29.12% quarter-on-quarter. EBITDA came in at Rs 38 crore, surging by 343.04% YoY and jumping 34.33% sequentially. Total expenses contracted by 15.87% to Rs 235.23 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 7.57 crore, improving by 9.87% YoY. For the TTM ended FY26, revenue from operations sank 89.37% to Rs 5.94 crore, while net profit plunged by 91.46% to Rs 0.59 crore, compared to previous TTM. EBITDA saw a sharp decline of 780% to Rs 0.15 crore, and PBT tanked by 91.65% to Rs 0.57 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 0.12 crore in FY26, as against Rs 0.97 crore in FY25. Vega Jewellers Ltd rallied 93.41% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 4.36% during the same period.

Vega Jewellers will hold a meeting of the Board of Directors of the Company on 31 July 2026.