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 Ltd , a leading technology solutions provider, has announced a significant move to bolster its financial position. The company's Board of Directors has approved a fundraising initiative through the preferential issue of convertible equity warrants, aiming to raise up to Rs 56.00 crore.

Key Details of the Fundraising

• Total Warrants: 2 crore convertible equity warrants
• Issue Price: Rs 28.00 per warrant
• Total Fundraising: Up to Rs 56.00 crore

Allocation of Warrants

Impact on Shareholding Structure

The conversion of these warrants is expected to significantly alter the company's shareholding pattern:

Key Points

1. Conversion Timeline: The warrants are convertible into equity shares within 18 months from the date of allotment.
2. Pricing: The issue price of Rs 28.00 per warrant is higher than the floor price determined as per SEBI regulations.
3. Approval Process: The fundraising plan is subject to shareholder approval at an upcoming Extraordinary General Meeting (EGM) scheduled for November 15, 2025.
4. Additional Board Decisions:
   • Approved revision in remuneration for Chairman Emeritus Mr. Viswanath Kompella.
   • Set the cut-off date as November 8, 2025, for determining shareholder eligibility to vote at the EGM.

Implications

This strategic move by Virinchi appears aimed at strengthening its financial position and potentially funding future growth initiatives. The significant increase in promoter shareholding post-conversion could indicate strong promoter confidence in the company's future prospects.

Investors and stakeholders should note that this development may impact the company's capital structure and ownership dynamics. As always, it's advisable to consider these corporate actions in the context of the company's overall financial health and growth strategy.