The Board of Directors of the Company today i.e., on February 24, 2026 has considered and approved the allotment of 3,78,20,426 fully paidup Equity Shares at an issue price of ?8 per Equity ....
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Viram Suvarn Ltd has allotted 3,78,20,426 fully paid-up equity shares at an issue price of ₹8 per share (face value ₹8, i.e., issued at par) to eligible shareholders and renouncees under its Rights Issue. Following this allotment, the company's paid-up equity share capital has risen from ₹15.13 crore to ₹22.69 crore, an increase of about ₹7.56 crore. The Board approved this at a meeting held on February 24, 2026. Kfin Technologies acted as the Registrar to the Issue, with BSE as the Designated Stock Exchange.
The share count has increased by roughly 50%, which will dilute existing shareholders' stake. Since shares were issued at par (no premium or discount), the company raises capital without any immediate value gap, but shareholders should expect lower earnings per share going forward. The purpose of the fund raise is not specified in this announcement.