The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Viswanath Kompella
VIRINCHI · price
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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.
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Mr. Viswanath Kompella, a promoter of Virinchi Limited, has pledged 5,00,000 equity shares (about 0.49% of the company's total share capital) with effect from April 15, 2025 through an off-market pledge creation in the depository. After this transaction, his encumbered (pledged) holdings have risen to 1,12,72,679 shares, representing 10.98% of Virinchi's total share capital, while his direct voting rights holding stands at 50,78,209 shares (4.95%). His total holding (encumbered plus direct) remains unchanged at 1,63,50,888 shares (15.93% of the company). Roughly 69% of his personal stake in Virinchi is now pledged as collateral.
This is a pledge creation, not a sale, so there is no change in ownership or voting power. However, with nearly 69% of the promoter's shares pledged, the stock carries an elevated risk — a sharp price decline could trigger a margin call or invocation of the pledged shares, which may pressure the stock price.