Virinchi Limited — QIP/Rights/Pref., 28-05-2025: Preferential issue

Virinchi Limited has announced a board meeting to approve a preferential issue of up to 96 lakh fully convertible equity warrants at Rs. 25 each, targeting Rs. 24 Cr from non-promoter public investors. Major allocations include Edvenswa EPC Pvt Ltd (50 lakh warrants) and Uma Aggarwal (12 lakh warrants). Each warrant converts into one equity share within 18 months. Proceeds are expected to support growth initiatives as decided by the board.

The financial results for the quarter and half-year reported standalone revenue of Rs. 36.78 Cr and consolidated revenue of Rs. 68.94 Cr. Standalone profit was Rs. 1.71 Cr, with consolidated net profit at Rs. 1.41 Cr. Basic EPS stood at Rs. 0.16.