Virinchi Limited — Board Meeting, 28-05-2025: Outcome of Board Meeting

Virinchi Limited has announced a board meeting on the financial results for the quarter and half-year. Consolidated revenue hit Rs. 301.13 Cr, with a pre-tax profit of Rs. 17.14 Cr and net profit at Rs. 13.48 Cr. The company plans to raise Rs. 24 Cr through a preferential issue of up to 96 lakh convertible warrants to select public investors, pending shareholder approval at an upcoming EGM scheduled for June 27. Key operations include SaaS, IDC & IT services, healthcare, and payments. The board approved the EGM notice to move forward with the fundraise.