Newspaper Publication of Advertisement pertaining to Basis of Allotment- Rights Issue of fully paid up Equity Shares.
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Viram Suvarn Limited has completed its rights issue and the Board approved the allotment of 3,78,20,426 fully paid-up equity shares (face value Rs. 2) at Rs. 8 per share, aggregating to about Rs. 30.26 crores. The issue was in the ratio of 1 rights share for every 2 shares held, with the record date being January 9, 2026. The issue opened on January 23, 2026 and closed on February 20, 2026, receiving 1,304 valid applications for 3,83,32,229 shares, indicating 101.35% subscription. Out of 1,304 applications, 313 were rejected on technical grounds. The newspaper advertisement disclosing the basis of allotment was published on February 26, 2026 in Financial Express (English and Gujarati) and Jansatta (Hindi). Trading in the rights shares is expected to begin on BSE from February 28, 2026 under existing ISIN INE607V01028.
The rights issue was oversubscribed at 101.35%, showing decent investor interest. Existing shareholders and renouncees will receive their allotted shares credited to demat accounts by February 26, 2026, and trading is set to commence from February 28, 2026. With dilution of about 50% in share count (from the 1:2 ratio) at Rs. 8 versus face value of Rs. 2, EPS may face short-term dilution, though the company raised fresh capital for growth. The share price may react to dilution on listing day.