Veeram Securities Limited (VSL) has received a significant boost to its capital raising plans. The company announced that it has secured in-principle approval from the Bombay Stock Exchange (BSE) for a proposed rights issue of fully paid-up equity shares.

Approval Details

The approval, granted through a BSE letter dated September 19, 2025, allows Veeram Securities to use the exchange's name in its Letter of Offer. This development comes after the company's initial application on April 06, 2025, marking a crucial step forward in its fundraising efforts.

Conditions and Requirements

While the BSE has given its nod for listing the equity shares proposed to be issued on a rights basis, the approval is subject to several post-issue requirements and compliance with statutory and listing formalities. Some key conditions outlined by the exchange include:

1. Appointment of a Credit Rating Agency as a monitoring agency
2. Changing the company name to align with its current business activities
3. Providing printed copies of the Letter of Offer
4. Ensuring agreements with depositories for dematerialization of securities
5. Appointing a qualified Company Secretary as the compliance officer

Disclaimer and Investor Caution

The BSE has mandated that Veeram Securities include a specific disclaimer clause in its Letter of Offer and all related advertisements. This clause emphasizes that BSE's permission should not be construed as an endorsement of the company's financial soundness or the correctness of the offer document's contents.

Next Steps

Veeram Securities will need to address these conditions and complete the necessary post-issue requirements to move forward with the rights issue. The company is required to fix a record date for issuing the rights securities, providing at least three working days' advance notice to the exchange.

Implications

This in-principle approval marks a significant milestone for Veeram Securities, potentially paving the way for the company to raise additional capital through the rights issue. However, investors are advised to carefully review the full Letter of Offer and consider the disclaimer provided by BSE before making any investment decisions.

As the process unfolds, market participants will be keenly watching how Veeram Securities navigates the regulatory requirements and executes its capital raising strategy in the coming months.

Veeram Securities Limited , a company listed on the Indian stock exchanges, has reported a significant increase in its financial performance for the half year ended September 30, 2021. The company's unaudited financial results, approved by the Board of Directors on October 22, 2021, showcase substantial growth across key metrics.

Financial Highlights

Balance Sheet Strength

Veeram Securities has also reported a robust growth in its balance sheet:

Performance Analysis

The company's financial results demonstrate strong growth across all major financial indicators. The 34% increase in net profit, coupled with a 60.5% rise in revenue from operations, indicates improved operational efficiency and market performance. The substantial growth in total revenue, which includes other income, further underscores the company's robust financial health.

The increase in earnings per share from ₹1.54 to ₹2.07 reflects the company's enhanced profitability on a per-share basis, potentially benefiting shareholders.

The significant growth in total assets and inventories suggests that Veeram Securities is expanding its operational capacity and preparing for increased business activities. The 42.9% increase in total assets indicates substantial investment in the company's resources, while the 32.1% rise in inventories might be attributed to anticipation of higher demand or strategic stockpiling.

These half-yearly results paint a picture of a company experiencing strong growth and financial stability. However, investors and analysts will likely keep a close eye on how Veeram Securities maintains this growth trajectory and manages its expanding asset base in the coming quarters.