Viceroy Hotels Limited has intimated about a scheduled meeting of the Rights Issue Committee to be held on Friday, July 03, 2026. This meeting follows the Board of Directors' approval on Monday, 29th June 2026 for raising funds through a rights issue of fully paid-up equity shares.
The company plans to raise an amount not exceeding ₹107.00 Crores (Rupees One Hundred and Seven Crores only) through issuance of equity shares on rights basis to existing equity shareholders, specifically excluding the Promoter and Promoter group.
The Rights Issue Committee meeting will consider, discuss, and decide on various matters including:
- Determination of the Rights Issue price
- Rights entitlement ratio
- Record date
- Schedule of the Rights Issue
- Other terms and conditions relating to the Rights Issue
All decisions are subject to receipt of in-principle approval from the Stock Exchanges and other required regulatory authorities.
The trading window for dealing in the company's shares shall remain closed for all Designated Persons and their immediate relatives from June 29, 2026 until 48 hours after the conclusion of the Board Meeting, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's Code of Conduct.
The rights issue will be conducted in accordance with the provisions of Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (as amended), and other applicable laws.