The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on April ....

Pledge releasedOwnership Changes View source PDF Explain this filing

VIRINCHI · price

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

-3.1%Reaction day

₹21.90

prior close

₹21.84

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-3.0% vs market

Software Products peers, median of 31sector-1.6%-1.5% vs sector

On the reaction day the stock moved 3.0 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

-1.2

10m

+0.3

15m

+0.3

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.1-0.1-3.0-1.6-1.5

Next day

-2.5+1.4-3.9-0.8-1.7

-5.7-1.3-4.4-3.3-2.4

-6.9-0.0-6.9-2.2-4.8

-8.0-0.9-7.2-4.0-4.1

-6.9-1.0-6.0-6.0-0.9

+0.7+5.3-4.6+0.7-0.0

15d

+5.5+10.5-5.0+2.6+2.9

+10.0+12.2-2.2+0.8+9.3

-2.6+15.4-18.0-1.1-1.4

+31.7+13.1+18.6-3.6+35.3

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

Promoter entity Gajwel Developers Private Limited has closed/released a pledge on 30,00,000 equity shares (2.92% of Virinchi's total share capital) that were pledged with IIFL Securities Limited. The pledge was released effective April 24, 2025 because Virinchi Limited did not avail the loan for which the shares were given as security. After this release, the encumbered shares of the promoter stand at nil as a percentage of promoter shareholding. Gajwel Developers holds 60,00,000 shares (5.85% of total share capital), while total promoter shareholding in Virinchi is 3,85,05,538 shares (37.51%).

Likely market impact

Positive signal for shareholders — the release of the pledge indicates the underlying loan was never drawn, reducing any risk of forced share sale. Promoter encumbrance is now nil, which removes a potential overhang on the stock.