Monitoring Agency Report on the utilisation of Proceeds raised through issuance of equity shares by way of rights issue as on Quarter ended 31st March, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Viram Suvarn Limited raised ₹30.25 crore through a rights issue of 37,820,426 equity shares at ₹8 per share. The issue ran from January 23 to February 6, 2026. The monitoring agency, Brickwork Ratings, confirms that proceeds were fully deployed by March 31, 2026 — well ahead of the target completion date of FY 2026-27. ₹30 crore was deployed for working capital, ₹56,910 spent on general corporate purposes, and ₹25 lakh on issue expenses. No deviations from the disclosed objects were observed, and all statutory approvals were obtained.
Clean bill of health for the rights issue proceeds with full and timely deployment. The ₹30 crore working capital deployment should support the company's Gems & Jewellery operations, though investors should monitor how this capital is ultimately deployed in the business.