The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 25, 2025 for Gajwel Developers Pvt Ltd
VIRINCHI · price
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Awaiting price reaction for this filing.
Gajwel Developers Private Limited, a promoter of Virinchi Limited, has closed/released a pledge on 30,00,000 equity shares (2.92% of total share capital) held with IIFL Securities Limited, effective April 24, 2025. The pledge was released because Virinchi Limited did not avail the underlying loan, making the security unnecessary. After this release, the promoter entity has zero encumbered shares. Total promoter shareholding remains at 3.85 crore shares (37.51%) with no encumbrance. This disclosure was filed under SEBI SAST Regulations 31(1) and 31(2).
Positive signal for shareholders — pledge was released due to loan non-availment rather than invocation, indicating no financial distress. Promoter encumbrance is now nil, reducing risk of forced share sale.