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 ....

Promoter Below 50pctOwnership Changes View source PDF Explain this filing

VIRINCHI · price

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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, a promoter of Virinchi Limited, has pledged 30,00,000 equity shares (2.92% of total share capital) with IIFL Securities Limited (an NBFC) on April 22, 2025. The total promoter holding in Virinchi stands at 3,85,05,538 shares (37.51% of total share capital), of which only 7.79% is now encumbered. The pledged shares are valued at Rs. 6.83 crore against a loan of Rs. 2 crore, giving a healthy security cover of 3.4x. The loan has been raised for the benefit of Virinchi Limited specifically to fund its working capital needs.

Likely market impact

This is a routine promoter pledge creation to raise working capital for the company itself, not a personal loan or distress signal. The pledge covers a small fraction of total promoter holding and the security cover is strong, so it carries low risk for shareholders.