Vivid Mercantile Ltd

Vivid Mercantile Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is effective from July 1, 2026, and will remain in effect until 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026. The decision aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. All designated persons, including directors, promoters, employees, and associated parties, are prohibited from trading during this period to prevent insider trading.

Vivid Mercantile Ltd has received an order from the Securities and Exchange Board of India (SEBI) alleging violations of SEBI Act and PFUTP Regulations. The company and its Director, Mr. Satish Ramanlal Gajjar, are implicated. Mr. Gajjar has been fined ₹10 lakhs, and the company must disgorge ₹40,84,556. Both have been barred from the securities market for five years. Vivid Mercantile is currently assessing the impact of this order on its operations and financials.

Vivid Mercantile Limited's Board of Directors met on May 28, 2026, to consider and approve the audited standalone financial results for the quarter and financial year ended March 31, 2026. The Board also took on record the Audit Report submitted by M/s. Shah Karia & Associates, Chartered Accountants, which confirmed an unmodified opinion on the financial statements. Additionally, disclosures regarding directors' interests (Form MBP-1) and disqualifications (Form DIR-8) were considered. The trading window remains closed until 48 hours after the declaration of results.

Vivid Mercantile Limited's Board of Directors, in a meeting held on May 28, 2026, considered and approved the Audited Standalone Financial Results for the Quarter and Financial Year ended March 31, 2026. The Board also took on record the Audit Report for the said period, submitted by M/s. Shah Karia & Associates, Chartered Accountants, which confirmed an Unmodified Opinion on the financial statements. Additionally, disclosures regarding directors' interest (Form MBP-1) and disqualification (Form DIR-8) were considered. The company confirmed that the trading window, which closed on April 1, 2026, will remain closed until 48 hours after the declaration of these financial results.

Vivid Mercantile Ltd has scheduled a Board of Directors meeting on May 28, 2026, to consider and approve the audited financial results for the year ended March 31, 2026. The board will also review disclosures of interest from directors (Form MBP-1) and disqualification to act as a director (Form DIR-8) as per the Companies Act 2013. The trading window has been closed since April 1, 2026, and will remain closed until 48 hours after the announcement of the audited financial results.

In accordance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Mr. Satishkumar Ramanlal Gajjar, Managing Director and Promoter of Vivid Mercantile Limited, has declared on behalf of the promoters and promoter group that no encumbrance has been made on the shares of Vivid Mercantile Limited during the financial year 2025-26. This declaration is a requirement under the SEBI regulations to ensure transparency and disclosure of significant shareholding in listed companies.

Vivid Mercantile Ltd, with CIN: L74110GJ1994PLC021483 and registered office at G/19, Hemkut Owners Association, Opp. Capital Comm Centre, Ashram Road, Ahmedabad, Gujarat, 380009, announced a rights issue of equity shares. The Board of Directors approved the draft letter of offer for a rights issue of up to 5,01,28,200 fully paid-up equity shares of face value of ₹ 1/- each at an issue price of ₹ 5/- each, including a premium of ₹ 4/- per share. The record date and ISIN for rights entitlement will be announced in due course. The rights entitlement ratio is 1:2, with 1 rights equity share for every 2 equity shares held by eligible equity shareholders.

Vivid Mercantile Ltd announced a Rights Issue of Equity Shares at an issue price of ₹ 5/- each, including a premium of ₹ 4/- per share. The company plans to issue up to 5,01,28,200 Fully Paid-up Equity Shares, raising an amount of up to ₹ 2506.41 Lakhs. The Record Date and ISIN for Rights Entitlement will be announced in due course. The Rights Entitlement Ratio is 1:2, meaning 1 Rights Equity Share for every 2 Equity Shares held by the equity shareholders.

Vivid Mercantile Ltd, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct for prevention of Insider Trading, has announced the closure of the trading window for dealing in securities of the company. The closure will be effective from Wednesday, 1st April, 2026, and will remain in force until 48 hours after the declaration of the Audited Financial Results for the quarter and year ended 31st March, 2026. The restriction applies to all Designated Persons, Directors, Promoters, Promoters Group, Employees of the Company & its Subsidiary Company(ies), and their respective immediate Relatives, as well as persons having contractual & fiduciary relations with the company.

The Board of Directors of Vivid Mercantile Ltd has scheduled a meeting on 26th March, 2026 to consider and approve various matters related to the proposed rights issue. The specific terms of the rights issue, such as the rights issue price, rights entitlement ratio, payment mechanism, and other related terms and conditions will be determined and the Draft Letter of Offer will be approved in this meeting. The trading window for dealing in the securities of the company by the designated persons and their immediate relatives will be closed from March 23, 2026 to 48 hours after the conclusion of the aforesaid Board Meeting.