PFA Research Report of the Company received from A&Y Market Research for the purpose of Information only.
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Awaiting price reaction for this filing.
Viram Suvarn Ltd (formerly Veeram Securities), an Ahmedabad-based gold and silver jewellery trading and distribution company, has submitted a research report from SEBI-registered analyst A&Y Market Research dated January 23, 2026. The report highlights FY 2024-25 revenue of ₹23.64 Cr (up 22%) and net profit of ₹3.41 Cr (up 38%), with 9M FY 2025-26 net profit jumping to ₹6.19 Cr from ₹2.44 Cr a year ago. The company is debt-free, has a rights issue of ₹30.26 Cr planned at ₹8 per share (1:2 ratio), and promoters hold 56.08% of the equity, having increased their stake in FY 2024-25. The report also notes the company has secured an Import Export Code and applied for a TRQ code from DGFT to support import and export of jewellery.
This is a routine filing sharing an independent analyst's research report and is informational only, with no direct impact on the stock price. However, the underlying data points — strong profit growth, zero long-term debt, upcoming rights issue, and rising promoter holding — may be viewed positively by investors looking at the small-cap jewellery name.