Virinchi Limited has informed the Exchange regarding allotment of 1315715 securities pursuant to Preferential Issue at its meeting held on February 24, 2026
VIRINCHI · price
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Virinchi Limited has allotted 13,15,715 equity shares of Rs. 10 each at an issue price of Rs. 28 per share (a premium of Rs. 18) following the conversion of warrants that were earlier issued on a preferential basis. The shares have been allotted entirely to Vivo Bio Tech Limited, a member of the company's Promoter Group, against receipt of Rs. 2.76 crore being 75% of the total consideration. As a result, the company's issued and subscribed share capital has risen to Rs. 108.80 crore, comprising 10,87,96,896 equity shares of Rs. 10 each.
This is a promoter-group led equity infusion at a premium to face value, which strengthens the capital base and signals continued promoter confidence, though it also results in equity dilution for existing shareholders. The stock may see a mildly negative technical impact in the short term due to the increase in share count.