Viceroy Hotels Limited (VHLTD) — Corporate Action | 21 August 2026

Viceroy Hotels Limited announced a revised rights issue of 9,203,008 shares at ₹115 per share (₹105 premium), with a 6:7 ratio effective August 20, 2026 record date. The issue opens September 3 and closes September 11, 2026, targeting ₹10,583.46 lakhs gross proceeds. Funds will repay loans (₹4,135.13 Lakhs), invest in subsidiary (₹3,889.87 Lakhs), and cover general corporate needs (₹2,503.46 Lakhs). Promoters currently hold 84.11% and voluntarily forgo rights to meet SEBI's minimum public shareholding (MPS) norms. The issue requires demat account details by September 8, with rights entitlements credited by September 10. Unsubscribed entitlements lapse. No US or restricted jurisdiction offers are permitted under Regulation S. Shareholders must apply via ASBA only; invalid applications include US submissions or missing PAN. Technical rejections may occur for incorrect details. The issue price reflects brand value and financial metrics like EPS [amount context mismatch] and P/E 42.28. NSE disclaims approval of the Draft Letter of Offer. Proceeds utilization must be disclosed quarterly, with unused funds tracked separately. Foreign investors face FEMA compliance, and allotment follows a five-tier priority order. Refunds process within 15 days post-issue closure with 15% annual interest for delays.