Description

Trading in Rights Entitlements (REs) for renunciation of VIRAM SUVARN LIMITED permitted from January 23, 2026 to January 30, 2026, with Rights Issue opening from January 23, 2026 to February 06, 2026.

Summary

BSE has announced that trading in Rights Entitlements (REs) for renunciation of VIRAM SUVARN LIMITED will be permitted from Friday, January 23, 2026 to Friday, January 30, 2026. The Rights Issue will open on January 23, 2026 and close on February 06, 2026. Rights Entitlements will be traded on T+1 rolling settlement basis in dematerialized form only, settled on a trade-for-trade basis.

Key Points

  • Rights Entitlements trading period: January 23, 2026 to January 30, 2026
  • Rights Issue period: January 23, 2026 to February 06, 2026
  • Scrip Code: 751076
  • Scrip ID: VSL-RE
  • ISIN: INE607V20010
  • Market Lot: 1
  • Group: R
  • Settlement basis: T+1 Rolling Settlement on trade-for-trade basis
  • Trading permitted in dematerialized form only
  • REs not subscribed or renounced before Issue Closing Date will lapse and be extinguished

Regulatory Changes

No new regulatory changes. Trading Members are requested to refer to notice no. 20200305-21 dated March 05, 2020 and notice no. 20200518-34 dated May 18, 2020 for existing guidelines on Rights Entitlements trading.

Compliance Requirements

  • Trading Members must inform all clients about the commencement of trading in REs, mentioning the ISIN (INE607V20010) and clarifying that REs are not ordinary shares
  • Contract notes/bills for purchase of REs must include a prominent disclaimer informing clients that:
    • Purchase of REs only gives the right to participate in the ongoing Rights Issue by making an application with requisite application money, or to renounce the REs before the issue closes
    • REs which are neither subscribed nor renounced on or before the Issue Closing Date shall lapse and be extinguished after the Issue Closing Date

Important Dates

  • January 23, 2026: Rights Entitlements trading commences; Rights Issue opens
  • January 30, 2026: Rights Entitlements trading for renunciation ends
  • February 06, 2026: Rights Issue closes

Impact Assessment

This circular has limited market-wide impact as it pertains to a specific company’s rights issue. For existing shareholders of VIRAM SUVARN LIMITED, this provides an opportunity to participate in the rights issue or trade their entitlements during the renunciation period. Trading Members need to ensure proper disclosure and client communication to comply with BSE requirements. The trade-for-trade settlement mechanism ensures transparent tracking of all transactions in Rights Entitlements.

Impact Justification

Company-specific rights issue with limited market-wide impact. Important for VIRAM SUVARN LIMITED shareholders and those interested in participating in the rights issue.