Virinchi Limited — Others, 05-06-2025: Shareholders meeting

Virinchi Limited has announced a board meeting to consider issuing up to 96 lakh convertible equity warrants at Rs 25 each, raising Rs 24 Cr through a preferential private placement to selected non-promoter entities. Each warrant can be converted into one equity share within 18 months. The funds will support working capital needs and general corporate purposes, with up to 25% earmarked for the latter. This issuance excludes promoters and will not affect company control, offering a clear capital boost without ownership dilution.