Description

Viram Suvarn Limited extends the closing date of its Rights Issue from February 06, 2026 to February 20, 2026, with corresponding extension of on-market renunciation deadline to February 13, 2026.

Summary

Viram Suvarn Limited (formerly Veeram Securities Limited, Script Code: 540252) has extended the closing date of its Rights Issue from February 06, 2026 to February 20, 2026. This decision was approved by the Board of Directors on January 29, 2026 to provide shareholders additional time to exercise their rights. Correspondingly, the last date for on-market renunciation has been extended from January 30, 2026 to February 13, 2026. The Rights Issue was originally opened on January 23, 2026 per the Letter of Offer dated January 05, 2026.

Key Points

  • Rights Issue closing date extended by 14 days 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
  • Issue opened on January 23, 2026 as originally scheduled
  • ISIN for Rights Entitlement: INE607V20010
  • All other terms of the issue remain as per the Letter of Offer

Regulatory Changes

No regulatory changes introduced. This is a 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
  • Common Application Form (CAF) with applicable payment must be submitted by February 20, 2026
  • Shareholders wishing to renounce rights on-market must do so by February 13, 2026

Important Dates

  • 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

The extension provides additional opportunity for shareholders of Viram Suvarn Limited to participate in the Rights Issue. The 14-day extension of the closing date and corresponding adjustment to the renunciation deadline gives shareholders more time to arrange funds and make informed decisions. This change has direct impact only on existing shareholders and potential renunciation participants. The company’s management cited the extension as an opportunity enhancement measure for shareholders to exercise their rights. Subsequent allotment and listing dates have been adjusted accordingly, with listing expected around February 26, 2026.

Impact Justification

Extension of rights issue timeline affects existing shareholders' ability to subscribe and renounce rights entitlements, with moderate impact limited to Viram Suvarn Limited shareholders.