News Corporate Actions Virinchi Limited Allots 10.50 Lakh Equity Shares on Warrant Conversion, Raises Rs.1.97 CroreVirinchi Limited Allots 10.50 Lakh Equity Shares on Warrant Conversion, Raises Rs.1.97 Crore
Virinchi Limited has allotted 10,50,000 equity shares at Rs.25 per share on conversion of warrants to Manumon Chettiar, raising Rs.1,96,87,500. The shares were issued at a premium of Rs.15 over face value of Rs.10. Post-allotment, the company's share capital increased to Rs.103,69,68,960 comprising 10,36,96,896 equity shares.
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Virinchi Limited has completed the allotment of 10,50,000 equity shares following the conversion of warrants issued on a preferential basis, as disclosed to the stock exchanges on January 31, 2026.
Share Allotment Details
The company allotted equity shares of Rs.10.00 each at an issue price of Rs.25.00 per share, representing a premium of Rs.15.00 per share over the face value. The allotment was made upon receipt of application money totaling Rs.1,96,87,500, which represents 75% of the total issue price.
| Parameter: | Details |
|---|---|
| Number of Shares Allotted: | 10,50,000 |
| Face Value per Share: | Rs.10.00 |
| Issue Price per Share: | Rs.25.00 |
| Premium per Share: | Rs.15.00 |
| Total Amount Received: | Rs.1,96,87,500 |
Allottee Information
The entire allotment of 10,50,000 equity shares was made to a single shareholder, Manumon Chettiar, who is categorized as a public shareholder under the preferential allotment framework.
| S.No: | Name of Shareholder | Category | No. of Equity Shares |
|---|---|---|---|
| 1 | Manumon Chettiar | Public | 10,50,000 |
| Total | 10,50,000 |
Impact on Share Capital
Following this allotment, Virinchi Limited's issued and subscribed share capital has increased significantly. The company's total share capital now stands at Rs.103,69,68,960, divided into 10,36,96,896 equity shares of Rs.10.00 each.
The allotment was completed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, and the company has duly informed both BSE Limited and National Stock Exchange of India Limited about this corporate action.
Historical Stock Returns for Virinchi
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.53% | +1.38% | -13.61% | -22.00% | -31.21% | -43.09% |
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