VIRINCHIBSEVirinchi LtdHighPositive
Announced Fri, 28 Nov · 16:17 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Viswanath Kompella

Pledge ReleasedOwnership Changes View source PDF

VIRINCHI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Promoter Viswanath Kompella has released a pledge on 39,06,679 equity shares (about 3.81% of the company's share capital) held by CSB Bank Limited on November 26, 2025. After this release, his total holding remains unchanged at 1,63,50,888 shares (15.93%), but the pledged portion has fallen from 79,72,679 shares (7.77%) to 40,66,000 shares (3.96%). The transaction was carried out off-market through a depository pledge release mechanism.

Likely market impact

This is a positive development for shareholders — it reduces the encumbrance on promoter holdings by roughly half, signaling reduced financial stress on the promoter and lower risk of forced selling in the open market.