Viceroy Hotels has filed a pre-issue advertisement for a rights issue of up to 92,03,008 equity shares. The company seeks to raise an aggregate amount not exceeding ₹10,583.46 lakh through the offer.

The shares are priced at ₹115 each, comprising a face value of ₹10 and a premium of ₹105. This pricing represents 11.5 times the face value. Eligible shareholders holding fully paid-up equity shares on the record date of August 20, 2026, can subscribe in the ratio of 6:7.

Issue Timeline

The subscription window remains open for a limited period. Key dates for the process are outlined below:

The Board reserves the right to extend the issue period by up to 30 days from the opening date if necessary.

Application Process

All applications must be submitted through the Applications Supported by Blocked Amount (ASBA) process. Investors are required to use Self-Certified Syndicate Banks (SCSBs) to block the application money. Physical shareholding holders must provide demat account details to the registrar or the company at least two working days before the closing date to ensure credit of rights entitlements.

Kotak Mahindra Bank Limited serves as the banker to the issue, while CARE Ratings Limited acts as the monitoring agency. KFIN Technologies Limited is the registrar.

What the Numbers Show

The rights issue structure implies significant dilution for non-participating shareholders, with nearly 86% additional shares offered relative to existing holdings (6 new shares for every 7 held). The total potential raise of over ₹1,000 crore suggests a substantial capital deployment strategy, though the specific utilization of proceeds is detailed in the Letter of Offer dated August 14, 2026.

Viceroy Hotels Limited has published the formal notice for its 61st Annual General Meeting (AGM) in Business Standard and Nava Telangana on August 20, 2026. The meeting is scheduled for Thursday, September 10, 2026, at 11:00 am and will be conducted through Video Conference or Other Audio-Visual Means (OAVM), with the deemed venue at the company’s registered office in Hyderabad.

The company has confirmed that the Register of Members and Share Transfer Books will remain closed from September 5, 2026, to September 10, 2026, both days inclusive. This closure facilitates the determination of shareholders eligible to vote at the upcoming AGM.

The primary agenda includes the adoption of the standalone and consolidated audited balance sheets as at March 31, 2026, along with the statement of profit and loss and cash flow statement for FY26. Additionally, shareholders will vote on the reappointment of Mr. Prabhaker Reddy Solipuram as a non-executive director, who retires by rotation and offers himself for re-election.

Director Reappointment Details

Mr. Solipuram, who joined the board on October 12, 2023, brings experience from his role as Chairman and CEO of enGenius Consulting Group. He holds a B.E. in Mechanical Engineering and an M.S. in Computer Science. During FY25-26, he received sitting fees of ₹4.80 lakhs and attended four board meetings. He currently holds a 14.87% stake in the company.

Voting and Logistics

The company will facilitate remote e-voting through Central Depository Services (India) Limited (CDSL). The voting period runs from September 7, 2026, at 9:00 am to September 9, 2026, at 5:00 pm. Shareholders holding shares as on the record date of September 4, 2026, are eligible to cast their votes electronically.

Physical attendance is dispensed with pursuant to Ministry of Corporate Affairs circulars. Consequently, the facility to appoint proxies is not available for this AGM.

Electronic copies of the Notice of AGM and Annual Report were sent to all shareholders with registered email IDs on August 19, 2026. Members who have not registered their email addresses are requested to do so with the Depositories, Company, or Registrar and Share Transfer Agent, Aarthy Consultants Private Limited, to receive the FY25-26 Annual Report and AGM notice.