Viceroy Hotels Postpones Rights Issue Committee Meeting Pending Regulatory Approvals

Viceroy Hotels Postpones Rights Issue Committee Meeting Pending Regulatory Approvals​

Viceroy Hotels Limited has decided to postpone its scheduled meeting of the Rights Issue Committee following updates regarding the regulatory approval process for a planned fundraising initiative. The company announced that the committee meeting, initially slated for July 3, 2026, will now be convened upon receiving the necessary in-principle approvals from the Stock Exchanges.

The postponement relates to the rights issue through which Viceroy Hotels seeks to raise funds. During the previously held Board of Directors meeting on June 29, 2026, the Company approved the plan to raise capital by issuing fully paid-up equity shares on a rights basis to existing equity shareholders who are not members of the Promoter or Promoter group.

The fundraising is targeted at an amount not exceeding Rs. 107.00 Crores (Rupees One Hundred and Seven Crores only). The Board's decision included various matters related to the proposed Rights Issue, including setting the Rights Issue price, the Rights entitlement ratio, the Record date, and other terms and conditions.

The delay in convening the committee meeting is attributed to the current status of the Draft Letter of Offer, which is presently undergoing review by the Stock Exchanges. As a result of not yet receiving requisite in-principle approvals from the exchanges, the company has opted to reschedule the meeting.

The Rights Issue Committee will consequently be convened once all necessary in-principle approvals have been received from the Stock Exchanges.

VHLTD Stock Price Movement​

Viceroy Hotels Limited shares closed today, edged higher as the stock gained 1.71% to settle near ₹132.35. The equity traded within a narrow range of ₹130.10 to ₹133.00 on a volume of 3,169 shares.