Viram Suvarn
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Viram Suvarn appointed P H Shah and Co. as its statutory auditor for five consecutive financial years from April 2026 to March 2031, subject to shareholder approval at its forthcoming 15th annual general meeting. The Ahmedabad-based chartered-accountancy firm was founded in 1996 and provides audit, tax, GST, ROC compliance and business-advisory services. Viram Suvarn had appointed Shah Karia & Associates for a five-year term beginning in FY26, after statutory-auditor changes in the preceding two financial years. The company wholesales gold and silver chains and jewellery to Gujarat-based business customers and reported FY26 revenue of about ₹24.6 crore.
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Viram Suvarn appointed P H Shah and Co. as its statutory auditor for five consecutive financial years from April 2026 to March 2031, subject to shareholder approval at its forthcoming 15th annual general meeting. The Ahmedabad-based chartered-accountancy firm was founded in 1996 and provides audit, tax, GST, ROC compliance and business-advisory services. Viram Suvarn had appointed Shah Karia & Associates for a five-year term beginning in FY26, after statutory-auditor changes in the preceding two financial years. The company wholesales gold and silver chains and jewellery to Gujarat-based business customers and reported FY26 revenue of about ₹24.6 crore.
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Viram Suvarn set 28 September 2026 for its 15th annual general meeting and approved the FY26 annual report and meeting notice. The board recorded the resignation of Shah Karia & Associates as statutory auditor and appointed P H Shah and Co. for five financial years through FY31, subject to shareholder approval. It also recorded the resignation of Neelam Somani and Associates as secretarial auditor and appointed SS Lunkad and Associates for five years, while naming Yogesh Makwana as internal auditor for FY27. Viram Suvarn is a Gujarat-focused wholesale trader of gold and silver chains and jewellery, and reported FY26 revenue of ₹24.6 crore.
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Viram Suvarn set 28 September 2026 for its 15th annual general meeting and approved the FY26 annual report and meeting notice. The board recorded the resignation of Shah Karia & Associates as statutory auditor and appointed P H Shah and Co. for five financial years through FY31, subject to shareholder approval. It also recorded the resignation of Neelam Somani and Associates as secretarial auditor and appointed SS Lunkad and Associates for five years, while naming Yogesh Makwana as internal auditor for FY27. Viram Suvarn is a Gujarat-focused wholesale trader of gold and silver chains and jewellery, and reported FY26 revenue of ₹24.6 crore.
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Viram Suvarn Limited's statutory auditor, Shah Karia & Associates, resigned with immediate effect on September 3, citing personal reasons. No concerns about management or the company's affairs were cited, and no other material reason was given. Shah Karia had been appointed on September 8, 2025, for a term scheduled to run until March 2030, and its latest limited review covered the quarter ended June 2026. The two preceding statutory auditors had also resigned during FY24 and FY25, in both cases citing expiry of peer-review validity.
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Viram Suvarn Limited's statutory auditor, Shah Karia & Associates, resigned with immediate effect on September 3, citing personal reasons. No concerns about management or the company's affairs were cited, and no other material reason was given. Shah Karia had been appointed on September 8, 2025, for a term scheduled to run until March 2030, and its latest limited review covered the quarter ended June 2026. The two preceding statutory auditors had also resigned during FY24 and FY25, in both cases citing expiry of peer-review validity.
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March 19 (Reuters) - Veeram Securities Ltd VEEA.BO:
RIGHTS ISSUE TO RAISE UP TO 400 MILLION RUPEES
Source text: ID:nBSEqwHSL
Further company coverage: VEEA.BO
(([email protected];;))
March 19 (Reuters) - Veeram Securities Ltd VEEA.BO:
RIGHTS ISSUE TO RAISE UP TO 400 MILLION RUPEES
Source text: ID:nBSEqwHSL
Further company coverage: VEEA.BO
(([email protected];;))
Dec 8 (Reuters) - Veeram Securities Ltd VEEA.BO:
APPROVED RAISING OF FUNDS BY CO THROUGH RIGHTS ISSUE IN RATIO OF 1:2
APPROVED RAISING OF FUNDS WORTH 300 MILLION RUPEES
Source text for Eikon: ID:nBSE8YNT8L
Further company coverage: VEEA.BO
(([email protected];))
Dec 8 (Reuters) - Veeram Securities Ltd VEEA.BO:
APPROVED RAISING OF FUNDS BY CO THROUGH RIGHTS ISSUE IN RATIO OF 1:2
APPROVED RAISING OF FUNDS WORTH 300 MILLION RUPEES
Source text for Eikon: ID:nBSE8YNT8L
Further company coverage: VEEA.BO
(([email protected];))
Dec 1 (Reuters) - Veeram Securities Ltd VEEA.BO:
TO CONSIDER RIGHT ISSUE OF CO
Source text for Eikon: ID:nBSEbN8VLZ
Further company coverage: VEEA.BO
(([email protected];))
Dec 1 (Reuters) - Veeram Securities Ltd VEEA.BO:
TO CONSIDER RIGHT ISSUE OF CO
Source text for Eikon: ID:nBSEbN8VLZ
Further company coverage: VEEA.BO
(([email protected];))
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Popular questions
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What does Viram Suvarn do?
Veeram Ornaments is a versatile company engaged in wholesaling, trading, and retailing branded jewellery and ornaments, along with distributing a wide range of gold and silver jewellery products for the Indian market.
Who are the competitors of Viram Suvarn?
Viram Suvarn major competitors are Eighty Jewellers, Nanavati Ventures, Spacenet Enterprises, Parshva Enterprises, Gautam Gems, Veerkrupa Jewellers, Uday Jewellery Inds.. Market Cap of Viram Suvarn is ₹113 Crs. While the median market cap of its peers are ₹43 Crs.
Is Viram Suvarn financially stable compared to its competitors?
Viram Suvarn seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Viram Suvarn pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Viram Suvarn latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Viram Suvarn allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Viram Suvarn balance sheet?
Balance sheet of Viram Suvarn is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Viram Suvarn improving?
Yes, profit is increasing. The profit of Viram Suvarn is ₹7.6 Crs for TTM, ₹3.41 Crs for Mar 2025 and ₹2.46 Crs for Mar 2024.
Is the debt of Viram Suvarn increasing or decreasing?
Yes, The net debt of Viram Suvarn is increasing. Latest net debt of Viram Suvarn is -₹0.13 Crs as of Mar-26. This is greater than Mar-25 when it was -₹0.44 Crs.
Is Viram Suvarn stock expensive?
Viram Suvarn is not expensive. Latest PE of Viram Suvarn is 15.27, while 3 year average PE is 29.24. Also latest EV/EBITDA of Viram Suvarn is 18.6 while 3yr average is 33.84.
Has the share price of Viram Suvarn grown faster than its competition?
Viram Suvarn has given lower returns compared to its competitors. Viram Suvarn has grown at ~-17.24% over the last 4yrs while peers have grown at a median rate of -8.34%
Is the promoter bullish about Viram Suvarn?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Viram Suvarn is 65.01% and last quarter promoter holding is 65.01%.
Are mutual funds buying/selling Viram Suvarn?
There is Insufficient data to gauge this.