The Board of Directors of the Company in their meeting held on today 05th January, 2025 has considered and approved Letter of offer along with other terms and conditions as attached.
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The Board of Directors of Viram Suvarn Limited, at its meeting on January 5, 2026, approved the Letter of Offer for a Rights Issue of up to 3,78,20,426 equity shares of face value ₹2 each at an issue price of ₹8 per share (including a ₹6 share premium). The total issue size aggregates up to ₹30.26 crores, offered in the ratio of 1 rights share for every 2 fully paid-up shares held by eligible shareholders on the record date of Friday, January 9, 2026. The issue price is 4 times the face value, and the issue opens on January 23, 2026 and closes on February 6, 2026. Kfin Technologies is the registrar and BSE is the designated stock exchange. Brickwork Ratings will act as monitoring agency for the issue proceeds.
Existing shareholders as on the record date (January 9, 2026) will get the opportunity to subscribe to additional shares in a 1:2 ratio at ₹8 per share to maintain their proportionate holding. The issue is priced at 4x face value with no discount to face value indicated; shareholders should assess whether the issue price offers value relative to prevailing market price before deciding to subscribe or renounce.