Vega Jewellers Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI Listing Regulations. The Board of Directors, at its meeting held on Friday, July 31, 2026 at 1:00 PM IST, approved the proposal to file an application with the Registrar of Companies for striking off the name of its subsidiary, Vega Jewellers DSNR LLP, from the Register of Limited Liability Partnerships.
The strike-off is being pursued under Section 75 of the Limited Liability Partnership Act, 2008 read with Rule 37 of the Limited Liability Partnership Rules, 2009. The subsidiary, Vega Jewellers DSNR LLP, has not commenced any business operations or undertaken any activities since its incorporation and is not considered a material subsidiary of the Company.
Key disclosures from Annexure I include:
- The subsidiary contributed nil to the turnover, revenue, or income of Vega Jewellers Limited during the last financial year
- The subsidiary's contribution to the net worth of the Company is not quantified but implied to be negligible
- The closure is by way of strike-off and does not involve any sale agreement, consideration, or buyers
- The expected completion date is subject to approval by the Registrar of Companies and completion of statutory processes
- While Vega Jewellers DSNR LLP is a related party as a subsidiary, the strike-off does not constitute a transaction requiring arm's length assessment
- The action is not part of any Scheme of Arrangement and does not constitute a slump sale
The Company states that the proposed strike-off is not expected to have any material impact on its operations or financial position. The disclosure references previous corporate announcement letters dated February 10, 2026, April 1, 2025, and January 3, 2025, and complies with the SEBI Master Circular dated January 30, 2026.
The document was signed by B. Kiran Kumar, Company Secretary and Compliance Officer, on July 31, 2026 at 16:58:08 IST.