Virinchi Limited has informed the Exchange regarding 'Allotment of Convertible Equity Warrants'.
VIRINCHI · price
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On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 0.6 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.
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Virinchi Limited has allotted 40 lakh (40,00,000) convertible equity warrants on a preferential basis to a single allotte, IT Peer Technologies LLC (classified as Public). The warrants are priced at Rs. 28 each, comprising a face value of Rs. 10 and a premium of Rs. 18. The company has received Rs. 2.8 crore as the upfront 25% subscription amount, with the balance 75% (Rs. 21 per warrant) due within 18 months for conversion into equity shares. This is the first tranche of a larger 2 crore warrant issue approved by shareholders at an EGM on November 15, 2025. If all 40 lakh warrants are converted, the company's paid-up share capital would rise from approximately 10.26 crore shares to 10.66 crore shares, diluting promoter holding from 37.51% to 36.11%.
Existing shareholders face potential dilution of about 1.4% in promoter stake upon full conversion. The stock could see short-term pressure due to the dilution overhang, though the Rs. 2.8 crore upfront inflow and possible further Rs. 8.4 crore on conversion provide incremental capital to the company.