The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gajwel Developers Pvt Ltd

Ownership Changes View source PDF Explain this filing

VIRINCHI · price

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

Price reactionminutes from the announcement price · days from the prior close

-1.8%Reaction day

₹23.43

prior close

₹23.15

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-2.3% vs market

Software Products peers, median of 31sector-0.3%-1.5% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 1.5 pts less than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.3

10m

+1.0

15m

+0.3

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8+0.4-2.3-0.3-1.5

Next day

-5.5-2.3-3.2-2.4-3.1

-8.2-2.3-6.0-0.8-7.4

-8.2-2.4-5.8-2.9-5.3

-6.5-4.5-2.0-4.0-2.5

-9.4-4.6-4.8-6.3-3.2

-11.9-5.8-6.1-7.6-4.3

15d

-3.5+4.0-7.5-6.6+3.1

-3.5+6.1-9.5-4.5+1.0

-7.0+6.7-13.7-5.0-1.9

+23.8+11.4+12.4-0.2+24.0

UpDownMarket · Nifty Microcap 250Sector · Software Products peers, median of 31Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Gajwel Developers Private Limited, part of the promoter group of Virinchi Limited, has pledged 30,00,000 equity shares (2.92% of the company's total share capital) off-market on April 22, 2025. This pledge represents half of Gajwel Developers' total holding of 60,00,000 shares (5.85%) in Virinchi. No shares were actually bought or sold — these shares were simply encumbered (pledged) in the depository. The total equity share capital of Virinchi remains unchanged at 10,26,46,896 shares, and the overall promoter group stake stays the same.

Likely market impact

This is a pledge creation, not a stake sale or invocation, so immediate share price impact is limited. However, rising promoter pledging can raise concerns about financial health of the promoter group. Investors should keep an eye on whether total pledged shares by promoters increase further.