Virinchi Limited , a technology solutions provider, conducted an Extra-Ordinary General Meeting (EGM) on November 15, 2025, to address key corporate actions. The meeting, held via video conferencing, saw the participation of 59 public members who gathered to vote on significant proposals.

Key Agenda Items

1. Issuance of Convertible Equity Warrants: The primary focus of the EGM was to seek approval for issuing convertible equity warrants to identified promoter and non-promoter entities on a preferential basis. This move could potentially impact the company's capital structure and ownership patterns.

2. Revision of Promoter Remuneration: The meeting also addressed the revision in remuneration for Mr. Viswanath Kompella, the promoter Chairman Emeritus of Virinchi Limited, in his capacity as an advisor to the company.

Meeting Details

• Ms. Priya Rajender Goda: Independent Director
• Mr. Sri Kalyan Kompella: Non-Executive Director
• Mr. Shyam Sunder Tipparaju: Independent Director
• Mr. Satyanarayana Vedula: Wholetime Director
• Mr. M V Srinivasa Rao: Wholetime Director & CFO |

Voting Process

The company implemented remote e-voting facilities to ensure shareholder participation. The e-voting window remained open for 15 minutes after the conclusion of the meeting, which ended at 03:48 p.m.

Result Announcement

Virinchi Limited stated that the voting results would be announced by November 18, 2025. These results will provide clarity on the approval status of the proposed equity warrants issuance and the revision in Mr. Kompella's remuneration.

Compliance and Transparency

The EGM was conducted in compliance with the circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI). This adherence to regulatory guidelines underscores Virinchi Limited's commitment to corporate governance and transparency in its operations.

Investors and stakeholders are advised to keep an eye on the company's official communications for the detailed voting results and the implications of these corporate actions on Virinchi Limited's future strategies and financial position.

Virinchi Limited , a leading technology solutions provider, has successfully executed the first phase of its Rs 56.00 crore fundraising initiative. The company has allotted 40 lakh convertible equity warrants to IT Peer Technologies LLC at Rs 28.00 per warrant, following regulatory approvals and shareholder consent.

Warrant Allotment Details

The Stakeholders Relationship Committee approved the allotment on January 07, 2026, following in-principle approvals from both BSE and NSE received on December 31, 2025. The allotment represents the first tranche of the company's broader fundraising plan.

Complete Fundraising Framework

The overall fundraising plan, approved by shareholders at the Extraordinary General Meeting held on November 15, 2025, encompasses a larger scope:

Impact on Shareholding Structure

The current allotment has modified the company's shareholding pattern, with further changes expected upon full conversion:

Conversion Terms and Timeline

The warrants carry specific conversion provisions designed to provide flexibility to warrant holders:

• Conversion Ratio: Each warrant convertible into 1 equity share
• Exercise Period: Within 18 months from allotment date
• Payment Structure: 25% paid upfront (Rs 7.00 per warrant), balance 75% (Rs 21.00 per warrant) upon conversion
• Flexibility: Rights exercisable in one or more tranches
• Forfeiture Clause: Unexercised warrants will lapse after 18 months with forfeiture of paid amount

Regulatory Compliance and Next Steps

The allotment follows full regulatory compliance under SEBI (ICDR) Regulations, 2018, and SEBI Listing Regulations. The company received necessary approvals from both stock exchanges, confirming adherence to preferential issue norms.

The remaining portion of the fundraising plan involves allotment to promoter group entity Vivo Bio Tech Limited, which is expected to significantly increase promoter shareholding from the current 37.51% to 44.44% upon full conversion of all approved warrants.

This strategic fundraising initiative positions Virinchi to strengthen its financial foundation and support future growth initiatives in the technology solutions sector.