Description

Viram Suvarn Limited extends the rights issue closing date from February 06, 2026 to February 20, 2026, and on-market renunciation date from January 30, 2026 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. The Board of Directors approved this extension on January 29, 2026 to provide shareholders additional opportunity to exercise their rights. Consequently, the last date for on-market renunciation has 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 originally opened on January 23, 2026
  • Extension approved by Board of Directors on January 29, 2026
  • ISIN for Rights Entitlement: INE607V20010
  • Common Application Form (CAF) submission deadline now February 20, 2026

Regulatory Changes

No regulatory changes. This is a procedural extension of the rights issue timeline within the framework of existing regulations.

Compliance Requirements

  • Eligible equity shareholders should note the revised Issue 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 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

  • 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

Shareholder Impact: The extension provides existing shareholders additional time to evaluate and participate in the rights issue, potentially increasing participation rates. Shareholders who may have missed the original deadline now have an extended window.

Market Impact: The extension may indicate lower-than-expected initial subscription or strategic decision to maximize shareholder participation. The additional 14-day window could improve the overall success of the rights issue.

Operational Impact: All intermediaries, registrars, and depositories involved in the rights issue process must update their systems and communicate the revised timeline to their clients.

Impact Justification

Extension of rights issue timeline affects existing shareholders' ability to exercise rights. Medium impact as it provides additional time for participation but changes previously communicated deadlines.