StockWatch
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Software Products
Board Meeting10 Nov 2026, 08:40 pm

Virinchi Ltd Approves Fund Raise via Preferential Issue

AI Summary

Virinchi Ltd's Board of Directors has approved the un-audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Additionally, the board approved raising funds through a preferential issue of up to 2,00,00,000 convertible equity warrants to promoter and non-promoter entities at an issue price of Rs. 15/- per warrant, aggregating up to Rs. 30,00,00,000/-. An Extraordinary General Meeting (EGM) has been scheduled for December 10, 2026, to seek shareholder approval for these matters.

Key Highlights

  • Board approved Q2 FY27 un-audited financial results.
  • Company to raise up to ₹30 Crore via preferential issue.
  • Issue involves 2 Crore convertible warrants at ₹15 each.
  • EGM scheduled for December 10, 2026, for shareholder approval.
  • Promoter Viswanath Kompella and IT Peer Technologies LLC are proposed allottees.