Veeram Barter Private Limited has disclosed a substantial acquisition of 1,57,22,800 equity shares in Viram Suvarn Limited through the company's rights issue, acquiring a 13.86% stake from zero holdings. The acquisition was completed on February 24, 2026, as per the disclosure filed under SEBI regulations on March 6, 2026.

Rights Issue Completion and Trading Approval

Viram Suvarn Limited successfully obtained trading approval from BSE Limited for 3,78,20,426 fully paid-up equity shares issued through its rights offering. The BSE granted approval through letter LOD/RIGHTS/SV/72/2025-2026 dated March 5, 2026, with shares becoming tradeable effective March 6, 2026.

Substantial Acquisition by Veeram Barter

Veeram Barter Private Limited, identified as a promoter group entity, filed the mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company acquired shares exclusively through the rights issue mechanism.

Corporate Structure and Capital Changes

The rights issue significantly expanded Viram Suvarn Limited's equity base to 11,34,61,278 shares with total share capital of Rs. 22,69,22,556. This represents a substantial increase from the company's previous capital structure, providing enhanced financial resources.

Regulatory Compliance and Documentation

Veeram Barter Private Limited, incorporated under CIN U51229GJ2020PTC119029 and registered in Ahmedabad, Gujarat, maintained full regulatory compliance throughout the acquisition process. The disclosure was signed by Director Rakshit Mahendra Shah (DIN: 03461560) on March 6, 2026, confirming the company's adherence to SEBI regulations.

The shares are now available for regular trading on BSE under scrip code 540252, providing liquidity to all rights issue participants including the substantial acquirer.

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.