Viceroy Hotels Rights Issue 2026: Price, dates, ratio

What Viceroy Hotels has announced

Viceroy Hotels Limited (NSE: VHLTD, BSE: 523796) has announced a rights issue of equity shares, allowing existing shareholders to subscribe to additional shares in proportion to their current holdings. The company has disclosed that the issue is for fully paid-up equity shares with a face value of ₹10 each. The rights issue price has been fixed at ₹115 per equity share, payable in full at the time of application. The company has also indicated that the Letter of Offer dated August 14, 2026 has been approved for filing with the stock exchanges and is available on its website.

The rights issue structure matters because eligibility depends on shareholding as on a specific record date, and timelines are tight once the issue opens. The disclosure also provides clear milestones for rights entitlement (RE) credit, renunciation, and expected listing of the new shares. For investors tracking corporate actions in small and mid-sized listed companies, this is a key event because it directly affects share capital if fully subscribed.

Rights issue price, face value, and premium

As per the disclosure, Viceroy Hotels has fixed the issue price at ₹115 per share. The face value is ₹10 per share. The company also states that this includes a premium of ₹105 per share. The payment terms specify that ₹115 per share is payable in full at the time of application.

This is a fully paid-up rights issue as described in the terms. Investors applying through ASBA or the registrar route should ensure sufficient funds are available for blocking or payment based on the number of rights shares they apply for.

Entitlement ratio and who is eligible

The entitlement ratio has been fixed at 6 rights equity shares for every 7 fully paid-up equity shares held as on the record date. Viceroy Hotels has set August 20, 2026 as the record date for determining eligible shareholders.

The disclosure also notes additional conditions around entitlement. Fractional entitlements are ignored, and affected shareholders are stated to receive preferential consideration for one extra share. It also states that shareholders with less than 7 shares will have no entitlement, but may be considered for additional shares if available, and such additional application is described as non-renounceable.

Issue size: shares offered and amount disclosed

The rights issue comprises 92,03,008 equity shares, also described as 0.9203 crore shares or about 9.20 million shares. The disclosure contains multiple references to the total amount to be raised. One section states the issue aggregates to ₹105.83 crore. Other parts of the provided text state a maximum aggregate amount “not exceeding ₹1,058.35 crore” and separately describe the company as aiming to raise “₹1058.35 crore” through the issuance of 92,03,008 shares.

Given these inconsistencies in the provided text, investors typically rely on the final Letter of Offer and exchange filings for the definitive issue size and amount. The company has stated that the Letter of Offer dated August 14, 2026 is available on its website.

Key dates: record date, issue period, and renunciation window

Viceroy Hotels has disclosed the following schedule for the rights issue. The last date to buy shares to be eligible is mentioned as August 19, 2026, with the record date on August 20, 2026. The rights issue opens on September 3, 2026 and closes on September 11, 2026.

The renunciation period, during which rights entitlements can be renounced, starts on September 3, 2026 and ends on September 7, 2026. Separately, the company expects rights entitlements to be credited to eligible demat accounts on September 2, 2026.

Expected allotment, demat credit, and listing timeline

The disclosure mentions a deemed date of allotment of September 15, 2026. Following allotment, the equity shares are expected to be credited to demat accounts on September 16, 2026. The shares are expected to be listed on NSE and BSE on September 17, 2026.

These dates matter operationally because the RE credit typically precedes the issue opening. Investors who want to renounce must act within the renunciation window. Those who apply should track allotment and demat credit timelines as stated.

How shareholders can apply: ASBA and R-WAP

The disclosure lists two routes for applying to the rights issue:

• Net Banking (ASBA)
• Registrar’s Website (R-WAP Facility)

For investors, the route chosen can affect ease of application, but the key requirement remains matching the correct demat details and applying within the subscription window. The rights issue is described as payable in full at the time of application.

Rights entitlement ISIN and demat credit detail

The disclosure mentions a rights entitlement ISIN: INE048C20025. It also states that rights entitlements are expected to be credited to eligible demat accounts on September 2, 2026.

This is relevant for investors who plan to renounce their entitlements or apply for additional shares. The RE credit date is a practical checkpoint to confirm eligibility and to ensure demat accounts reflect the credited entitlements before the renunciation period ends.

Share capital impact if fully subscribed

The provided text states that if the issue is fully subscribed, outstanding shares increase from 6,75,78,948 to 7,67,81,956. This highlights the potential dilution impact for shareholders who do not participate, and the proportional protection for those who subscribe to their entitlements.

A rights issue generally gives existing shareholders a way to maintain their proportional ownership if they choose to participate. The final impact depends on subscription levels and allotment, but the company has provided these figures as a fully subscribed scenario.

Registrar and company contact details

Kfin Technologies Ltd. is disclosed as the Registrar to the Issue. The company and registrar contact details provided are as follows.

Viceroy Hotels Ltd. (Registered Office)

• 3rd Floor, Aparna Crest, 8-2-120/112/88 & 89, Road No.2, Banjara Hills, Hyderabad, 500034
• Phone: 04040204383
• Email: secretarial@viceroyhotels.in

Kfin Technologies Ltd. (Registrar)

• Phone: 040-79615565
• Email: viceroyhotels.rights@kfintech.com

Key details at a glance

Timeline of the Viceroy Hotels rights issue

Why this corporate action matters for investors

The disclosure sets out a defined entitlement ratio, record date, and a short subscription window, which means eligible shareholders must act within fixed dates. The availability of renunciation until September 7, 2026 is also a key feature for shareholders who do not wish to subscribe. The company’s indication that the Letter of Offer (dated August 14, 2026) has been approved for filing and is accessible on its website is important because it is the primary reference document for final terms.

On numbers, the share count of 92,03,008 and price of ₹115 per share are consistently stated, while the aggregate amount appears in the text in more than one form. Investors generally cross-check the definitive amount in the Letter of Offer and stock exchange filings when such inconsistencies appear in secondary summaries.

What to watch next

The next practical checkpoints are the RE credit date of September 2, 2026 and the issue opening on September 3, 2026. Investors who plan to renounce should track the September 3 to September 7, 2026 window. Those applying will watch for the deemed allotment date of September 15, 2026 and the expected demat credit and listing dates on September 16 and September 17, 2026 respectively, as disclosed.