Submission of Newspaper Advertisement- Right Issue-Addendum and Extension of issue closing date.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Viram Suvarn Ltd (formerly Veeram Securities Limited) has extended the closing date of its ongoing Rights Issue from February 6, 2026 to February 20, 2026, giving shareholders more time to participate. The company is issuing up to 3,78,20,426 equity shares at Rs. 8 per share (face value Rs. 2, premium Rs. 6) in a 1:2 ratio, aiming to raise up to Rs. 30.26 crores. The Issue opened on January 23, 2026, with the record date set as January 9, 2026. The revised allotment date is now expected around February 24, 2026, with listing around February 26, 2026. Newspaper advertisements regarding this addendum were published in Financial Express (English and Gujarati) and Jansatta (Hindi) on January 31, 2026.
Existing eligible shareholders get additional time (about two weeks) to subscribe to their rights entitlement. The extension may suggest lower-than-expected subscription so far, which existing shareholders should monitor, though it could also simply reflect procedural caution.