Pursuant to Regulation 30 SEBI (LODR) 2015, we wish to inform you that the company has received IP approval from BSE for Right Issue
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Veeram Securities Limited (BSE script code 540252) has received in-principle approval from BSE (vide letter dated September 19, 2025) for a proposed Rights Issue of fully paid-up equity shares. The approval is subject to the company completing several pre-issue requirements, including appointing a Credit Rating Agency as monitoring agency, changing the company name to align with its existing business activities, fixing a record date with at least three working days' advance notice to the exchange, and disclosing the rights issue price at least three working days before the record date. The original application for this rights issue was filed back on April 6, 2025. The rights issue price, ratio, and total size have not been disclosed in this filing.
This is a procedural milestone that clears the way for the company to launch its rights issue and raise additional capital from existing shareholders. Existing shareholders should watch for the upcoming record date announcement and issue terms, as rights issues can be dilutive if not fully subscribed.