Description

BSE announces commencement of trading in Rights Entitlements (REs) for VIRAM SUVARN LIMITED from January 23, 2026 to January 30, 2026, with rights issue opening from January 23 to February 06, 2026.

Summary

BSE has authorized trading in Rights Entitlements (REs) for renunciation of VIRAM SUVARN LIMITED, effective from Friday, January 23, 2026. The REs will be tradable from January 23 to January 30, 2026, while the rights issue itself will remain open from January 23, 2026 to February 06, 2026. Settlement will occur on T+1 rolling basis with trade-for-trade execution, and REs are tradable only in dematerialized form.

Key Points

  • Rights Entitlements trading permitted for VIRAM SUVARN LIMITED starting January 23, 2026
  • RE trading symbol: VSL-RE (Scrip Code: 751076)
  • ISIN: INE607V20010
  • Market lot: 1, Group: R
  • REs tradable in demat form only on T+1 rolling settlement basis
  • Trade-for-trade settlement applies
  • Trading members must inform clients that REs are not ordinary shares
  • Unsubscribed or unrenounced REs will lapse after issue closing date

Regulatory Changes

No new regulatory changes. This circular implements existing rights entitlement trading framework as per previous notices dated March 05, 2020 (20200305-21) and May 18, 2020 (20200518-34).

Compliance Requirements

  • Trading members must inform all clients about commencement of RE trading and clearly mention the ISIN (INE607V20010)
  • Contract notes/bills for RE purchases must prominently include a disclaimer stating that:
    • Purchase of REs only grants right to participate in the ongoing rights issue by submitting application with requisite money, or to renounce the REs before issue closes
    • REs must be clearly distinguished from ordinary shares of VIRAM SUVARN LIMITED
    • Unsubscribed or unrenounced REs will lapse and be extinguished after February 06, 2026
  • Trading members must refer to notices 20200305-21 and 20200518-34 for detailed procedures

Important Dates

  • January 23, 2026: Rights Entitlements trading commences
  • January 23, 2026: Rights Issue opens
  • January 30, 2026: Last day for RE renunciation trading
  • February 06, 2026: Rights Issue closes (last date for subscription/renunciation)
  • After February 06, 2026: Unsubscribed/unrenounced REs will lapse and be extinguished

Impact Assessment

Market Impact: Low - This is a company-specific corporate action affecting only existing shareholders of VIRAM SUVARN LIMITED. The RE trading window provides liquidity and flexibility for shareholders to either exercise, renounce, or trade their rights.

Operational Impact: Routine - Trading members need to follow standard RE trading procedures, ensure proper client communication, and include mandatory disclaimers in contract notes. The T+1 rolling settlement and trade-for-trade basis are standard protocols for RE transactions.

Investor Impact: Shareholders of VIRAM SUVARN LIMITED have an 8-day window (January 23-30) to trade their rights entitlements and a 15-day window (January 23-February 06) to either subscribe to the rights issue or renounce their entitlements. Failure to act will result in lapse of rights.

Impact Justification

Company-specific rights issue affecting only VIRAM SUVARN LIMITED shareholders with standard RE trading procedures