Board Meeting10 Nov 2026, 08:40 pm
Virinchi Ltd Approves Preferential Issue of Warrants Worth ₹30 Cr
AI Summary
Virinchi Ltd's Board of Directors has approved the Un-Audited Standalone & 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 ₹15 per warrant, aggregating up to ₹30,00,00,000 (₹30 Crore). The company also approved the notice for an Extraordinary General Meeting (EGM) scheduled for December 10, 2026, to seek shareholder approval for the fundraise. A cut-off date of December 3, 2026, has been fixed for determining voting eligibility.
Key Highlights
- Board approved unaudited financial results for Q2 FY27.
- Company to raise ₹30 Crore via preferential issue of warrants.
- 2 Crore warrants to be issued to promoter and non-promoter entities.
- EGM scheduled for December 10, 2026, for fundraise approval.
- Cut-off date for EGM voting eligibility set for December 3, 2026.
Price Impact
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