Description

Board of Directors extends the rights issue closing date from February 06, 2026 to February 20, 2026, and on-market renunciation deadline from January 30, 2026 to February 13, 2026.

Summary

Viram Suvarn Limited (Script Code: 540252) has extended its Rights Issue closing date to provide shareholders additional time to exercise their rights. The Board of Directors, in a meeting held on January 29, 2026, approved extending the issue closing date by 14 days from February 06, 2026 to February 20, 2026. Correspondingly, the last date for on-market renunciation of rights entitlements has been extended from January 30, 2026 to February 13, 2026.

Key Points

  • Rights Issue opening date remains unchanged at January 23, 2026
  • Issue closing date extended from February 06, 2026 to February 20, 2026
  • On-market renunciation deadline extended from January 30, 2026 to February 13, 2026
  • Extension approved by Board of Directors on January 29, 2026
  • Board meeting commenced at 6:00 PM and concluded at 6:30 PM
  • ISIN for dematerialized Rights Entitlement: INE607V20010
  • Company formerly known as Veeram Securities Limited

Regulatory Changes

No regulatory changes introduced. This is a company-specific procedural extension of an ongoing rights issue timeline.

Compliance Requirements

  • Equity shareholders entitled to the Rights Issue should note the revised closing date of February 20, 2026
  • Shareholders wishing to renounce rights on-market must do so by February 13, 2026
  • Duly filled Common Application Forms (CAF) with payment must be submitted by February 20, 2026
  • All other terms of the issue remain as per the Letter of Offer dated January 05, 2026

Important Dates

Revised Issue Schedule:

  • Last Date for Credit of Rights Entitlements: January 22, 2026
  • Issue Opening Date: January 23, 2026
  • Last Date for On-Market Renunciation: February 13, 2026 (extended from January 30, 2026)
  • Issue Closing Date: February 20, 2026 (extended from February 06, 2026)
  • Finalization of Basis of Allotment: February 24, 2026 (on or about)
  • Date of Allotment: February 24, 2026 (on or about)
  • Date of Credit: February 25, 2026 (on or about)
  • Date of Listing: February 26, 2026 (on or about)

Impact Assessment

Market Impact: Low - This is a company-specific corporate action affecting only Viram Suvarn Limited shareholders.

Shareholder Impact: Medium - The extension provides existing shareholders with an additional 14 days to decide on participating in the rights issue, potentially improving participation rates. Shareholders who intended to renounce their rights on-market gain an extra two weeks (from January 30 to February 13, 2026).

Operational Impact: The extension shifts all downstream dates including allotment (February 24, 2026) and listing (February 26, 2026) accordingly, providing more time for processing applications and ensuring adequate shareholder participation.

Impact Justification

Extension of rights issue timeline provides shareholders additional opportunity to participate but affects only company-specific corporate action with limited market-wide impact