Viram Suvarn Limited (formerly known as Veeram Securities Limited), a company operating in the Gems and Jewelry sector, has submitted the First and Final Monitoring Agency Report to BSE Limited pursuant to Regulation 32(6) and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report, prepared by Brickwork Ratings India Private Limited (BWR), covers the utilisation of proceeds raised through a Rights Issue of Equity Shares for the quarter ended March 31, 2026.

Rights Issue Details

Viram Suvarn Limited conducted a Rights Issue of Equity Shares during the period January 23, 2026, to February 06, 2026. The issue raised funds aggregating to ₹30.25 Crore, with the full amount received as per the Offer Document. The key parameters of the issue are summarised below:

Utilisation of Issue Proceeds

Brickwork Ratings confirmed that all utilisation of funds was carried out in accordance with the disclosures made in the Offer Document, with no material deviations reported. The report was prepared based on Bank Statements, Company letters, and a CA Certificate from Shah Karia & Associates dated May 11, 2026. The progress in utilisation of proceeds against the objects of the issue as on March 31, 2026, is detailed below:

All three objects of the issue — Working Capital Requirements, General Corporate Purposes, and Issue Expenses — were reported as completed within the stipulated timeline of up to Financial Year 2026-27, with no delays recorded.

General Corporate Purpose Utilisation

Regarding the utilisation of funds earmarked for General Corporate Purposes (GCP), the report notes that ₹56,910 was spent for GCP as against the proposed ₹25 lakh. The remaining GCP funds were utilised towards working capital in the ordinary course of business, as permitted under the Offer Documents, and hence do not constitute a deviation, as clarified in the report.

Monitoring Agency Findings

The key findings and confirmations from Brickwork Ratings as Monitoring Agency are summarised below:

• Deviation from objects: No deviation observed
• Material deviation range: Not Applicable
• Change in means of finance: No
• Shareholder approval for deviations: Not Applicable
• Government/statutory approvals obtained: Yes
• Unfavourable events affecting viability: No
• Favourable events improving viability: No
• Other material information affecting investor decisions: No

The Monitoring Agency confirmed that this report is the first of its kind for Viram Suvarn Limited, with no prior monitoring agency reports on record. The report was signed by Mr. Niraj Kumar Rathi, Senior Director, Ratings at Brickwork Ratings, on May 12, 2026, and was submitted to BSE Limited by Managing Director Mr. Mahendra Ramniklal Shah (DIN: 03144827) on May 13, 2026.

Viram Suvarn Limited (formerly known as Veeram Securities Limited) has formally announced the resignation of Mr. Rajeshbhai Shah from his position as director, effective April 21, 2026. The company submitted the required disclosure to BSE Limited in compliance with regulatory requirements, citing personal and unavoidable circumstances as the reason for the resignation.

Regulatory Compliance and Disclosure

The resignation announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also adhered to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring complete regulatory compliance.

Director Details and Resignation Process

Mr. Rajeshbhai Shah, holding Director Identification Number (DIN) 07774203, submitted his formal resignation letter on April 21, 2026. In his resignation letter, he requested immediate relief from his directorial duties and asked the company to acknowledge receipt and submit necessary forms with the Registrar of Companies.

The resignation letter was addressed to the Board of Directors and signed by Mr. Shah from his residence in Ahmedabad. He specifically mentioned personal and unavoidable circumstances as the driving factor behind his decision to step down from the board.

Company Information and Communication

Viram Suvarn Limited, with CIN L46498GJ2011PLC064964, maintains its registered office at Ground & First Floor, 7, Natvarshyam Co Op Ho S Ld Opp. Orchid Park, Ramdevnagar Road, Satellite, Ahmedabad-380051. The announcement was signed by Managing Director Mahendra Ramniklal Shah (DIN: 03144827) and communicated to BSE Limited's Listing Corporate Relations Department.

The company has ensured proper documentation and disclosure procedures, attaching the resignation letter and completing the required annexure as per SEBI regulations. This resignation represents a change in the board composition, with the company maintaining transparency through proper regulatory filings and stakeholder communication.