Corporate Actions

Back

Virinchi Limited plans to raise Rs 30 crore through preferential allotment of warrants

10-Nov-26 21:34 Hrs IST

Virinchi Limited plans to raise up to Rs 30 crore through a preferential allotment of 2,00,00,000 (two crore) fully convertible equity warrants to promoter and non-promoter entities at an issue price of Rs 15 per warrant, with each warrant entitling the holder to subscribe to one equity share with a face value of Rs 10. The company’s board approved the move, which is subject to shareholder approval at an upcoming Extraordinary General Meeting and other regulatory clearances; the warrants have a tenure of 18 months and will be convertible into equity shares. The board also approved the standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, and scheduled an EGM for December 10, 2026, to obtain shareholder approval for the fund raising and other matters.

Attention Investors:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. || KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. || No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.