Viram Suvarn Appoints Brickwork Ratings as Monitor for Rights Issue Proceeds
Viram Suvarn Limited has appointed Brickwork Ratings India Private Limited to monitor the utilization of its rights issue proceeds. The appointment, approved by the Board on December 22, 2025, complies with SEBI regulations and aims to ensure transparent fund management. Brickwork Ratings will oversee that funds are used as outlined in the Draft Letter of Offer/Letter of Offer.

*this image is generated using AI for illustrative purposes only.
Viram Suvarn Limited has appointed Brickwork Ratings India Private Limited as the monitoring agency to oversee the utilization of its rights issue proceeds. This appointment is in compliance with SEBI regulations and demonstrates the company's commitment to regulatory adherence and transparent fund management practices.
Board Approval and Appointment Details
The Board of Directors of Viram Suvarn Limited approved the appointment during a meeting held on December 22, 2025, at the company's registered office in Ahmedabad. The meeting took place at Office-Ground First Floor, 7, Natvarshyam Co Op Ho S Ltd Opp. Orchid Park, Ramdevnagar Road, Satellite, Ahmedabad-380051.
| Parameter | Details |
|---|---|
| Monitoring Agency | M/s Brickwork Ratings India Private Limited |
| Agency Type | SEBI Registered Credit Rating Agency |
| Registered Office | 3rd Floor, Raj Alkaa Park, Kalena Agrahara, Bannerghatta Road, Bangalore-560076 |
| Appointment Date | December 22, 2025 |
Monitoring Scope and Compliance
Brickwork Ratings India Private Limited will monitor the utilization of the rights issue proceeds in accordance with the objects disclosed in the Draft Letter of Offer/Letter of Offer. This appointment ensures compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The monitoring agency will oversee that the raised funds are utilized for the specific purposes outlined in the company's rights issue documentation. This regulatory requirement provides additional transparency and accountability in the deployment of investor funds.
Corporate Information
Viram Suvarn Limited, formerly known as Veeram Securities Limited, operates with CIN: L46498GJ2011PLC064964. The company maintains its registered office in Ahmedabad and can be contacted through its website www.veeramsecuritiesltd.com and email veeramsecurities2011@gmail.com .
The appointment notification was signed by Mahendra Ramnik Lal Shah, Managing Director (DIN: 03144827), and has been communicated to BSE Limited's Listing Corporate Relations Department for appropriate dissemination to all concerned parties.
Historical Stock Returns for Viram Suvarn
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -0.25% | +3.30% | -9.15% | -12.38% | -12.47% |































