Viram Suvarn Limited Receives BSE Trading Approval for 3,78,20,426 Rights Issue Shares

Viram Suvarn Limited has successfully obtained trading approval from BSE Limited for equity shares issued through its rights offering, marking a significant milestone in the company's capital raising initiative. The approval enables immediate trading of the newly allotted shares on the exchange. Rights Issue Details The BSE granted trading approval for 3,78,20,426 fully paid-up equity shares through letter LOD/RIGHTS/SV/72/2025-2026 dated March 5, 2026. The shares became tradeable effective March 6, 2026, providing liquidity to rights issue subscribers. Parameter: Details Total Shares Approved: 3,78,20,426 Face Value: Rs. 2 per share Issue Premium: Rs. 6 per share Total Issue Price: Rs. 8 per share Distinctive Numbers: 7,56,40,853 to 11,34,61,278 Trading Effective Date: March 6, 2026 Regulatory Compliance Viram Suvarn Limited communicated this development to BSE under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's Managing Director, Mahendra Ramniklal Shah, signed the regulatory filing on March 6, 2026. The BSE issued Notice No. 20260305-8 dated March 5, 2026, to its trading members regarding the listing of these securities. This notice, available on BSE's website, provides comprehensive details about the newly listed shares for market participants. Company Background Viram Suvarn Limited, formerly known as Veeram Securities Limited, operates under CIN L46498GJ2011PLC064964. The company is headquartered in Ahmedabad, Gujarat, with its registered office located at Ground & First Floor, 7, Natvarshyam Co Op Ho S Ld Opp. Orchid Park, Ramdevnagar Road, Sattelite. Market Impact The trading approval represents successful completion of the rights issue process, providing existing shareholders who participated in the offering with immediate liquidity options. The shares are now available for regular trading on BSE under the company's existing scrip code 540252, expanding the company's tradeable equity base in the market. 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. Subscription Details: Numbers Total Applications Received: 1,304 Equity Shares Applied For: 3,83,32,229 Subscription Percentage: 101.35% Valid Applications: 1,304 Technical Rejections: 313 applications for 1,09,603 shares 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. Category: Applications Shares Applied Value (₹) Shares Allotted Percentage Shareholders: 1,286 2,20,99,869 17,67,98,952 2,19,90,266 58.00% Renouncees: 18 1,62,32,360 12,98,58,880 1,58,30,160 42.00% Total: 1,304 3,83,32,229 30,66,57,832 3,78,20,426 100.00% 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. Process Timeline: Details Allotment Date: February 24, 2026 Listing Application Submitted: February 24, 2026 Expected Listing Approval: February 26, 2026 Credit to Demat Accounts: February 26, 2026 Expected Trading Commencement: February 28, 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. Publication Details: Information Publication Date: February 26, 2026 Financial Express English: All Edition Financial Express Gujarati: All Edition Jansatta Hindi: All Edition 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. Capital Enhancement: Before Rights Issue After Rights Issue Change Paid-up Capital: ₹15,12,81,704 ₹22,69,22,556 +₹7,56,40,852 Additional Shares: - 3,78,20,426 New Issue Issue Price: - ₹8 per share 4x 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. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. 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