Viram Suvarn Limited , formerly known as Veeram Securities Limited, has published newspaper advertisements regarding the basis of allotment for its recently completed rights issue. The company received BSE listing approval and completed the allotment process for 3,78,20,426 equity shares through its rights issue.

Rights Issue Subscription and Response

The rights issue, which opened for subscription on January 23, 2026 and closed on February 20, 2026, received an overwhelming response from shareholders and investors. The company received a total of 1,304 applications for 3,83,32,229 equity shares, representing 101.35% subscription of the total issue.

Allotment Breakdown and Categories

The Board of Directors approved the basis of allotment in consultation with BSE Limited, the designated stock exchange, on February 24, 2026. The allotment was distributed between shareholders and renouncees across different categories.

Allotment Process and Timeline

The company completed the dispatch of allotment advice-cum-refund and unblocking intimation on February 24, 2026. The listing application was submitted to BSE on the same date, with listing approval expected by February 26, 2026.

Newspaper Publication Compliance

In compliance with Regulation 92(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the company published newspaper advertisements on February 26, 2026, detailing the basis of allotment. The advertisements were published in multiple newspapers to ensure wide coverage.

Capital Structure Enhancement

The successful completion of the rights issue has substantially strengthened the company's capital base. The rights issue was conducted at ₹8 per share with a face value of ₹2 each, representing 4 times the face value.

Corporate Information and Compliance

Viram Suvarn Limited, with CIN L46498GJ2011PLC064964, operates from its registered office in Ahmedabad. The company maintains regulatory compliance under SEBI Listing Regulations, with Managing Director Mahendra Ramniklal Shah (DIN: 03144827) overseeing the process. The rights equity shares will trade under the existing ISIN for the company's fully paid-up equity shares.

Viram Suvarn Limited ( https://scanx.trade/company/veeram-securities-ltd ) has announced an extension of its ongoing rights issue closing date, providing shareholders with additional time to participate in the offering. The decision was made during a board meeting held on January 29, 2026.

Rights Issue Extension Details

The board of directors has decided to extend the rights issue closing date from February 06, 2026 to February 20, 2026. This extension is intended to provide shareholders with greater opportunity to exercise their rights in the current rights issue.

The rights issue originally opened on January 23, 2026, following the Letter of Offer dated January 05, 2026. Along with the closing date extension, the company has also revised the last date for on-market renunciation of rights entitlements from January 30, 2026 to February 13, 2026.

Revised Issue Schedule

The company has provided an updated timeline for the rights issue process:

Key Information for Shareholders

Shareholders entitled to participate in the rights issue are advised to note the revised closing date of February 20, 2026. The last date for submission of the duly filled Common Application Form along with the applicable amount is February 20, 2026.

The International Securities Identification Number (ISIN) for credit of dematerialized rights entitlement is INE607V20010. The board meeting that approved this extension commenced at 6:00 PM and concluded at 6:30 PM on January 29, 2026.

Company Background

Viram Suvarn Limited, formerly known as Veeram Securities Limited, is registered under CIN L46498GJ2011PLC064964. The company's registered office is located at Ground & First Floor, 7, Natvarshyam Co Op Ho S Ld Opp. Orchid Park, Ramdevnagar Road, Sattelite, Ahmedabad-380051.