Virinchi Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
VIRINCHI · price
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Virinchi Limited has announced the results of its postal ballot concluded on February 23, 2026, in which shareholders approved both special resolutions. Resolution 1 approves an investment by a related party into its 100% subsidiary, Virinchi Health Care Private Limited, and was passed with 92.7% of votes in favour (2,558,985 shares) versus 7.3% against (201,594 shares). Resolution 2 approves the issue of convertible equity warrants by Virinchi Health Care Private Limited, passed with 92.61% in favour (2,556,489 shares) versus 7.39% against (204,090 shares). The promoter group was interested in both resolutions and did not cast votes, while only 2.69% of outstanding shares (2,760,579 of 102,646,896) participated in voting, indicating a very low public shareholder turnout.
Shareholders have greenlit a related-party investment and a convertible warrant issuance at the subsidiary level, which could lead to equity dilution in Virinchi Health Care Private Limited. The very low voting turnout (under 3%) and absence of promoter votes mean results are driven by a small base of public non-institutional shareholders, which is worth noting for governance purposes.