Description
Board extends rights issue closing date from February 6 to February 20, 2026, and on-market renunciation deadline from January 30 to February 13, 2026 to provide additional time for shareholders.
Summary
Viram Suvarn Limited (formerly Veeram Securities Limited, Script Code: 540252) announced on January 29, 2026, that its Board of Directors has extended the closing date of its ongoing Rights Issue from February 6, 2026 to February 20, 2026. The extension provides shareholders additional time to exercise their rights entitlements. Correspondingly, the on-market renunciation deadline has been extended from January 30, 2026 to February 13, 2026.
Key Points
- Rights Issue originally opened on January 23, 2026
- Issue closing date extended by 14 days from February 6 to February 20, 2026
- On-market renunciation deadline extended from January 30 to February 13, 2026
- Extension decided in Board meeting held on January 29, 2026 (6:00 PM to 6:30 PM)
- ISIN for dematerialized Rights Entitlement: INE607V20010
- Letter of Offer dated January 5, 2026
Regulatory Changes
No regulatory changes. This is a company-specific corporate action timeline modification.
Compliance Requirements
- Shareholders entitled to participate must submit Common Application Form (CAF) with applicable payment by February 20, 2026
- On-market renunciation of rights entitlements must be completed by February 13, 2026
- Rights entitlements were credited by January 22, 2026
Important Dates
| Event | Original Date | Revised Date |
|---|---|---|
| Credit of Rights Entitlements | January 22, 2026 | January 22, 2026 (unchanged) |
| Issue Opening Date | January 23, 2026 | January 23, 2026 (unchanged) |
| Last Date for On-Market Renunciation | January 30, 2026 | February 13, 2026 |
| Issue Closing Date | February 6, 2026 | February 20, 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 - affects only shareholders of Viram Suvarn Limited (Script Code: 540252)
Shareholder Impact: Positive - provides additional 14-day window for shareholders to decide on rights participation and complete on-market renunciation
Operational Impact: Shareholders who previously planned to participate near the original deadline now have extended time frame. Those considering renunciation have until February 13, 2026 instead of January 30, 2026.
Impact Justification
Extension affects shareholders' timeline to participate in rights issue but provides additional opportunity; impacts only company-specific shareholders rather than broader market