StockWatch
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Hotels & Resorts
Board Meeting23 Jun 2026, 01:16 pm

Viceroy Hotels Board to Consider Rights Issue on June 29, 2026

AI Summary

Viceroy Hotels Ltd has announced that its Board of Directors will convene on June 29, 2026, to consider and approve a fund-raising initiative through a Rights Issue. This move aims to raise capital by issuing new equity shares to existing shareholders, in compliance with relevant SEBI and Companies Act regulations. Concurrently, the company has imposed a trading window closure for designated persons and their immediate relatives, effective from the date of the letter until 48 hours post the board meeting, to prevent insider trading.

Key Highlights

  • Board meeting scheduled for June 29, 2026.
  • Proposal to raise funds via Rights Issue.
  • Trading window closed for designated persons.
  • Compliance with SEBI and Companies Act regulations.