Description

Viram Suvarn Limited extends the Rights Issue closing date from February 06, 2026 to February 20, 2026, with on-market renunciation extended to February 13, 2026.

Summary

Viram Suvarn Limited (formerly Veeram Securities Limited) has extended the closing date of its Rights Issue from February 06, 2026 to February 20, 2026. The Board of Directors approved this extension on January 29, 2026 to provide additional time for shareholders to exercise their rights. The on-market renunciation deadline has also been extended from January 30, 2026 to February 13, 2026.

Key Points

  • Rights Issue closing date extended by 14 days to February 20, 2026
  • On-market renunciation deadline extended to February 13, 2026
  • Issue opened on January 23, 2026 as originally scheduled
  • Extension approved by Board of Directors meeting held on January 29, 2026
  • ISIN for Rights Entitlement: INE607V20010
  • Script Code: 540252
  • Board meeting commenced at 6:00 PM and concluded at 6:30 PM

Regulatory Changes

No regulatory changes. This is a company-specific corporate action extending existing Rights Issue timelines.

Compliance Requirements

  • Equity shareholders entitled to the Rights Issue must note the revised closing date of February 20, 2026
  • Last date for submission of duly filled Common Application Form (CAF) with applicable payment is February 20, 2026
  • On-market renunciation of Rights Entitlements must be completed 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

Impact on Shareholders: Positive impact for existing shareholders as the extension provides additional time to evaluate and exercise their rights entitlements or renounce them on-market.

Market Impact: Limited to company-specific level. The extension affects only Viram Suvarn Limited shareholders and does not have broader market implications.

Operational Impact: The 14-day extension shifts all subsequent milestone dates including allotment (February 24, 2026) and listing (February 26, 2026) of the newly issued equity shares.

Impact Justification

Extension of rights issue timeline affects existing shareholders' ability to participate, but is company-specific with limited broader market impact