Viram Suvarn Limited has appointed M/s SS Lunkad and Associates as its new secretarial auditor for a term of five consecutive financial years, commencing from FY27 to FY31. The appointment was approved by members during the company's 15th Annual General Meeting held on September 28, 2026.

The appointment follows a recommendation by the Board of Directors and complies with the provisions of the Companies Act, 2013. The effective date of the appointment is recorded as September 3, 2026, covering the period from April 1, 2026, to March 31, 2031.

Auditor profile and experience

M/s SS Lunkad and Associates brings over five years of post-qualification experience in handling secretarial and legal matters for various companies. The firm possesses exposure to statutory compliances under SEBI regulations, stock exchange listing agreements, FEMA, and company law.

Regulatory compliance details

This intimation was filed with BSE Limited pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure aligns with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023, as updated on January 30, 2026.

The company, formerly known as Veeram Securities Limited, confirmed that there are no disclosed relationships between directors relevant to this appointment. The Managing Director, Mahendra Ramniklal Shah, signed the digital filing on September 30, 2026.

Viram Suvarn Limited posted a net profit of ₹757.70 lakh for FY26, a 122.3% increase from the previous year, driven by disciplined cost control and strategic inventory build-up.

Total revenue remained relatively stable at ₹2,502.11 lakh, while total expenses fell 31.3% to ₹1,508.87 lakh. The company also raised ₹3,025.63 lakh through a rights issue during the fiscal year.

Financial Performance

Revenue from operations stood at ₹2,459.78 lakh in FY26, compared to ₹2,648.20 lakh in FY25. Other income contributed ₹42.34 lakh, a new addition not present in the prior year.

The reduction in expenses was primarily due to favorable inventory adjustments. Purchase of stock-in-trade rose to ₹3,620.51 lakh from ₹2,225.57 lakh, offset by a significant credit from changes in inventories of ₹2,215.73 lakh, compared to ₹115.62 lakh in FY25.

What the Numbers Show

The divergence between rising stock purchases and flat revenue highlights a deliberate shift in working capital strategy. Inventory levels surged to ₹3,193.05 lakh from ₹977.32 lakh, causing the inventory turnover ratio to drop sharply from 2.29 to 0.67. This indicates slower movement of goods during the year, likely positioning the company for future sales rather than reflecting immediate demand weakness.

Capital Fortification

Viram Suvarn successfully completed a rights issue, raising ₹3,025.63 lakh by issuing 3,78,20,426 equity shares at ₹8 per share. This infusion increased paid-up capital to ₹22,69,22,556. The company operates with negligible finance costs of just ₹0.19 lakh, maintaining a debt-free foundation.

Governance Updates

The company will hold its 15th Annual General Meeting on September 28, 2026, via video conferencing. Key agenda items include the re-appointment of Managing Director Mahendra Ramniklal Shah and Independent Director Sanjay Chunilal Vibhakar for five-year terms. The Board has decided not to recommend any dividend for FY26.