BSEViram Suvarn LtdMediumNeutral
Announced Mon, 5 Jan · 17:00 IST

The Board of Directors of the Company in their Meeting held on today i.e. on January 05, 2026 has considered and approved Record Date for the Purpose of Right Issue, Letter of offer and ....

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AI summary

Viram Suvarn Ltd (formerly Veeram Securities Limited) has approved a Rights Issue of up to 3.78 crore fully paid-up equity shares at ₹8 per share (face value ₹2, premium ₹6), aiming to raise up to ₹30.26 crore. The rights entitlement ratio is set at 1 share for every 2 shares held by eligible shareholders as on the record date of January 9, 2026. The issue will open on January 23, 2026 and close on February 6, 2026, with renunciation allowed until January 30, 2026. Post-issue, total equity shares will increase from about 7.56 crore to 11.35 crore assuming full subscription.

Likely market impact

Eligible shareholders need to hold shares by January 9, 2026 to receive rights entitlements. The rights issue will dilute existing shareholdings by roughly 50% if fully subscribed, and shareholders will need to decide whether to invest more capital or let their entitlements lapse.