The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 16, 2025 for Viswanath Kompella
VIRINCHI · price
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Awaiting price reaction for this filing.
Promoter Viswanath Kompella has pledged an additional 5,00,000 equity shares (0.49% of total share capital) of Virinchi Limited with Badjate Stock Broking Pvt Ltd, effective April 15, 2025. The reason stated is to cover a shortfall in security coverage, and the borrowed amount is for personal use by the promoter. With this addition, total encumbered promoter shares stand at 1,12,72,679 (10.98% of total share capital), which is 29.28% of the total promoter shareholding of 3,85,05,538 shares (37.51%). The encumbrance level is below both the 50% promoter shareholding threshold and the 20% total share capital threshold. The shares were valued at Rs. 1.08 crore (at Rs. 21.62 per share) against a loan/amount involved of Rs. 5–15 crore.
This is a moderate negative signal — additional pledging for personal use by a promoter, even though overall encumbered levels remain below key SEBI thresholds. Shareholders should monitor for further encumbrances or any sign of financial stress on the promoter.