Vertex Securities Confirms Specific Investor Subscription for ₹1,480.24 Lakhs Rights Issue

Vertex Securities Limited has confirmed that specific investor Areeza India Strategy Partners LLP has successfully subscribed to shares renounced by promoters on the opening day of its ongoing rights issue. The company notified BSE Limited on March 20, 2026, confirming the subscription details as disclosed in the Letter of Offer dated March 06, 2026.

Rights Issue Overview

The company is conducting a rights issue of up to 7,40,12,189 partly paid-up equity shares of face value ₹2 each, aggregating up to ₹1,480.24 lakhs. The issue follows a 1:1 ratio, offering one rights equity share for every one fully paid-up equity share held by eligible shareholders.

Issue Parameter: Details Issue Size: Up to 7,40,12,189 shares Face Value: ₹2 per share Issue Amount: Up to ₹1,480.24 lakhs Rights Ratio: 1:1 Record Date: March 12, 2026 Issue Opening: March 20, 2026 Issue Closing: March 27, 2026 Last Date for On-Market Renunciation: March 23, 2026

Specific Investor Subscription Details

As per the company's intimation to BSE, promoters Transwarranty Finance Limited and Kumar Nair have renounced their rights entitlements in favor of Areeza India Strategy Partners LLP. The specific investor subscribed to these shares before 11 a.m. on the issue opening date, March 20, 2026, in compliance with regulatory requirements.

Promoter/Renouncer: Shares Renounced Specific Investor Transwarranty Finance Limited: 3,92,53,950 Areeza India Strategy Partners LLP Kumar Nair: 1,41,77,543 Areeza India Strategy Partners LLP Total: 5,34,31,493 Areeza India Strategy Partners LLP

Payment Structure and Process

The rights equity shares are being issued as partly paid-up shares with a structured payment schedule. Investors need to pay ₹0.50 per share on application, representing 25% of the issue price, while the remaining ₹1.50 will be collected through future calls as determined by the board.

Payment Schedule: Face Value (₹) Premium (₹) Total (₹) On Application: 0.50 0.00 0.50 Future Calls: 1.50 0.00 1.50 Total: 2.00 0.00 2.00

All applications must be submitted through the ASBA (Applications Supported by Blocked Amount) process only. The company has appointed MUFG Intime India Private Ltd. as the registrar to the issue, with ICICI Bank Limited serving as the banker to the issue.

Trading and Company Background

Rights entitlements are tradable on BSE under a temporary ISIN, subject to regulatory approvals. Shareholders can renounce their rights through on-market trading from March 20-23, 2026, or through off-market transfers during the issue period. The existing equity shares are listed on BSE under scrip code 531950.

Vertex Securities Limited was originally incorporated as Vertex Securities Private Limited in 1993 and converted to a public limited company in 1995. The company operates from its registered office in Kochi, Kerala, and corporate office in Mumbai, with Venkitesh Iyer serving as Company Secretary and Compliance Officer.

Vertex Securities Limited has officially declared March 12, 2026 as the record date for its rights issue entitlement following the board meeting held on March 6, 2026. The company announced the comprehensive outcome under Regulation 30 and 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, finalizing the issue size at Rs. 1,480.24 lakhs.

Rights Issue Structure and Terms

The board meeting approved detailed terms for the rights issue of partly paid-up equity shares with specific parameters:

Parameter: Details Issue Size: Rs. 1,480.24 lakhs Number of Shares: Up to 7,40,12,189 equity shares Face Value: Rs. 2 per share Issue Price: Rs. 2 per share (at par) Rights Ratio: 1:1 Record Date: March 12, 2026 Issue Opening: March 20, 2026 Issue Closing: March 27, 2026

The rights entitlement ratio of 1:1 means eligible shareholders will receive one rights equity share for every one equity share held on the record date. This represents a refinement from the initially approved amount not exceeding Rs. 15 crores announced in the January 28, 2026 board meeting.

Payment Schedule and Call Structure

The rights issue follows a structured payment mechanism with specific timelines:

Payment Stage: Amount (Rs.) Percentage Timeline On Application: 0.50 25% of issue price March 20-27, 2026 Call Payments: 1.50 75% of issue price By March 30, 2027 Total Amount: 2.00 100% -

The company will implement not more than two calls to complete the remaining payment, with both calls scheduled for completion on or before March 30, 2027. The board retains authority to determine the timing and quantum of each call payment.

Share Capital Impact

The rights issue will significantly transform the company's equity structure:

Share Capital: Number of Shares Prior to Rights Issue: 7,40,12,189 shares Post Rights Issue: 14,80,24,378 shares Increase: 100% (assuming full subscription)

Regulatory Compliance and Arrangements

Vertex Securities has secured necessary regulatory approvals and established comprehensive arrangements for the rights issue. The company has coordinated with NSDL and CDSL for dematerialized credit of rights entitlements under ISIN INE316D20016, following SEBI Master Circular HO/49/14/14(2)2026-CFD-POD2/I/4518/2026 dated February 9, 2026.

Rights entitlements will be credited to eligible shareholders' demat accounts prior to the issue opening date. The board also approved the Letter of Offer for submission to SEBI and BSE Limited. The board meeting commenced at 5:00 PM and concluded at 5:47 PM on March 6, 2026, with Company Secretary and Compliance Officer Venkitesh Iyer overseeing the regulatory communications.

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