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.

Veeram Securities Limited, now known as Viram Suvarn Limited, has received a comprehensive research report from A&Y Market Research, a SEBI-registered research analyst. The report, dated January 23, 2026, provides detailed analysis of the company's business transformation and financial performance.

Business Transformation and Operations

Viram Suvarn Limited completed its strategic transformation in November 2025, changing its name from Veeram Securities Limited to better reflect its focus on the jewellery business. The Ahmedabad-based company operates an integrated business model encompassing wholesale distribution of gold bullion, silver trading, and ready-made jewellery supply.

The company's product portfolio includes:

• Chains, bangles, necklaces, earrings, and rings
• Traditional ornaments with and without precious stones
• Products designed for weddings, festivals, and daily wear
• Combinations of traditional Indian craftsmanship with modern styles

Strong Financial Performance

The research report highlights impressive financial growth across key metrics for FY 2024-25:

The nine-month performance for FY 2025-26 demonstrates continued momentum, with revenue reaching ₹19.28 crore compared to ₹17.09 crore in the previous year. Net profit showed remarkable growth, increasing to ₹6.19 crore from ₹2.44 crore in the corresponding period.

Balance Sheet Strength and Capital Plans

Viram Suvarn Limited maintains a robust financial position with zero long-term debt. As of March 2025, the company's balance sheet shows:

The company has announced a rights issue planned for 2026 to raise ₹30.26 crore at ₹8 per share, with a rights ratio of 1:2. The funds will be utilized to strengthen the balance sheet and support future growth initiatives.

Market Position and Expansion

The research report notes that Viram Suvarn Limited has obtained its Import Export Code and applied for TRQ Code from DGFT, enabling the company to import raw gold and export finished jewellery. This strategic move allows the company to explore overseas markets and diversify revenue sources.

Promoter confidence remains strong, with promoter and promoter group holding at 56.08% as of December 31, 2025. The company has maintained a shareholder-friendly approach, declaring interim dividends of 2.5% of paid-up equity share capital in FY 2022-23 and FY 2024-25.

Technical Analysis and Valuation

According to the research report, the stock trades at a modest valuation with a trailing P/E ratio of 13x and P/B ratio of 3.12. The technical analysis identifies ₹7.81-₹8.00 as a strong support zone, with potential targets at ₹9.40 and ₹10.00 upon breakout above ₹8.89.

The research report positions Viram Suvarn Limited as well-placed for long-term expansion, supported by improving financial performance, additional capital through the rights issue, and continued promoter backing in the growing gold and silver jewellery market.