Description

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

Summary

BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of VIRAM SUVARN LIMITED. Trading will be permitted from Friday, January 23, 2026 to Friday, January 30, 2026 under scrip code 751076 (VSL-RE) with ISIN INE607V20010. The Rights Issue will open on January 23, 2026 and close on February 06, 2026. REs will be settled on T+1 rolling settlement basis, traded on trade-for-trade basis, and available in dematerialized form only.

Key Points

  • Rights Entitlements trading permitted for VIRAM SUVARN LIMITED from January 23-30, 2026
  • Scrip Code: 751076, Scrip ID: VSL-RE, ISIN: INE607V20010
  • Market lot: 1, Group: R
  • Rights Issue period: January 23, 2026 to February 06, 2026
  • Settlement on T+1 rolling settlement basis
  • Trade-for-trade settlement mechanism
  • Tradable in dematerialized form only
  • Trading members must inform clients with appropriate disclaimers in contract notes
  • Unsubscribed or non-renounced REs will lapse after Issue Closing Date

Regulatory Changes

No regulatory changes introduced. This circular implements existing rights issue framework for VIRAM SUVARN LIMITED.

Compliance Requirements

  • Trading members must inform all clients about commencement of RE trading
  • Must clearly mention ISIN of the RE (INE607V20010) to avoid confusion with ordinary shares
  • Must include prominent disclaimer in contract notes/bills for RE purchases informing clients that:
    • Purchase of REs only gives right to participate in ongoing Rights Issue by making application with requisite money OR renounce the REs before issue closes
    • REs which are neither subscribed nor renounced on or before Issue Closing Date shall lapse and be extinguished
  • Trading members should refer to notice no. 20200305-21 dated March 05, 2020 and notice no. 20200518-34 dated May 18, 2020 for further details

Important Dates

  • January 23, 2026: RE trading begins; Rights Issue opens
  • January 30, 2026: RE trading ends
  • February 06, 2026: Rights Issue closes; last date for subscription or renunciation

Impact Assessment

This circular has limited market-wide impact as it pertains specifically to VIRAM SUVARN LIMITED shareholders and traders. Existing shareholders receive rights to subscribe to additional shares or renounce their entitlements for trading. The trade-for-trade and demat-only requirements ensure transparent settlement. REs provide temporary trading opportunity for 8 days (January 23-30) while the broader Rights Issue remains open for 15 days (January 23 to February 06). Non-action by the Issue Closing Date results in lapse of entitlements.

Impact Justification

Company-specific rights issue with limited market-wide impact; relevant only to VIRAM SUVARN LIMITED shareholders and traders interested in rights entitlements