Virinchi Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on Jun 27, 2025
VIRINCHI · price
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Virinchi Limited held an Extraordinary General Meeting (EGM) on June 27, 2025, through video conferencing. Shareholders approved a special resolution to issue convertible equity warrants to certain identified non-promoter individuals and entities on a preferential basis. The resolution passed with overwhelming support — 99.94% of votes polled (about 1.34 crore shares) were in favour, with only 8,277 votes (0.06%) against. The promoter group voted 100% in favour, and public non-institutional shareholders approved it with 99.76% support. Total voting turnout was about 13% of outstanding shares.
This clearance allows Virinchi to raise funds from selected non-promoter investors through convertible warrants, which could strengthen its capital base. Shareholders should note that the eventual conversion of these warrants will lead to equity dilution, and the price/terms of the issue will determine the impact on per-share value.