Veeram Securities Ltd — Others, 05-04-2025: The Board of Directors of the Company in their Meeting held on today April 05, 2025 has considered and approved Draft Letter of offer to be filled with BSE Limited ("Stock Exchange") and ....

Veeram Securities Limited has announced a board meeting outcome regarding a proposed rights issue of fully paid-up equity shares, with a face value of ₹2 each. The company plans to issue up to 37,820,426 shares at an issue price of ₹8 per share, aggregating to ₹30.26 crore. Shareholders will be entitled to one rights share for every two shares held. This move is aimed at raising funds to enhance the company's financial health. Investors might view this as a positive outlook given the potential to strengthen capital, although market reception will depend on the uptake during the rights issue.