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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 2.8 pts more than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
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.