Viceroy Hotels Limited has intimated the stock exchanges about a scheduled meeting of its Rights Issue Committee to be held on Friday, 14th August, 2026 at the company's registered office. This meeting is being convened pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The committee meeting was previously rescheduled/postponed as intimated on 3rd July, 2026 due to pending in-principle approval from stock exchanges for the proposed rights issue.
Agenda Items
The Rights Issue Committee will consider and decide on the following matters:
- Various matters in connection with the Rights Issue, including specific terms such as determination of Rights Issue price and related payment mechanism, rights entitlement ratio, and timing of the Rights Issue
- Fixing the record date to determine eligibility of shareholders for the rights issue
- Any other items with permission of the Chair
Background and Authorization
This rights issue was approved by the Board of Directors in their meeting held on 29th June, 2026. The Board approved the issuance of fully paid-up equity shares of face value ₹10 each, aggregating up to ₹107.00 crores on a rights basis to eligible equity shareholders.
The Board constituted a Rights Issue Committee and authorized its members to decide on terms and conditions including final issue size/amount, rights entitlement ratio, issue price, record date, schedule of rights issue, approval of letter of offer, appointment of intermediaries, and allotment of shares.
Compliance Measures
In compliance with SEBI (Prohibition of Insider Trading) Regulations 2015 and the company's Code of Conduct, the trading window for dealing in equity shares has been closed with immediate effect for directors, officers, and designated employees. The trading window will remain closed until the end of 48 hours after the conclusion of the committee meeting.