Virinchi Ltd to Raise ₹30 Cr via Preferential Issue of Warrants

Virinchi Ltd announced its Board Meeting outcome, approving the Un-Audited Standalone & Consolidated Financial Results for Q2 and H1 FY27. The board also approved raising up to ₹30 Crore by issuing 2 Crore Convertible Equity Warrants at ₹15 each on a preferential basis to identified promoter and non-promoter entities, including Viswanath Kompella (1.5 Cr warrants) and IT Peer Technologies LLC (50 Lakh warrants). This fundraising is subject to shareholder approval at an EGM scheduled for December 10, 2026. The company fixed December 3, 2026, as the record date for the EGM.