NewsCorporate ActionsVirinchi Limited: Promoter's Pledged Shares Partially Released, Voting Rights IncreaseVirinchi Limited: Promoter's Pledged Shares Partially Released, Voting Rights Increase
Virinchi Limited's promoter, Mr. Viswanath Kompella, released 800,000 pledged equity shares on July 31, 2025, through an off-market transaction. This action increased his direct shareholding from 4.95% to 5.73%, while reducing encumbered shares from 10.98% to 10.20%. The total promoter stake remains unchanged at 15.93% of the company's 10,26,46,896 total equity shares.
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Virinchi Limited , a company listed on both BSE and NSE, has reported a significant change in its promoter's shareholding structure following the partial release of pledged shares. The company disclosed this information in compliance with SEBI regulations for substantial acquisition of shares and takeovers.
Key Details of the Transaction
- Release of Pledged Shares: Badjate Stock Broking Pvt Ltd released 800,000 pledged equity shares on July 31, 2025.
- Transaction Type: The release was executed off-market through the depository.
- Promoter Involved: Mr. Viswanath Kompella, a promoter of Virinchi Limited.
Impact on Shareholding Structure
The partial release of pledged shares has resulted in a notable change in Mr. Kompella's shareholding:
| Category | Before Release | After Release | Change |
|---|---|---|---|
| Shares with Voting Rights | 50,78,209 (4.95%) | 58,78,209 (5.73%) | +0.78% |
| Encumbered Shares | 1,12,72,679 (10.98%) | 1,04,72,679 (10.20%) | -0.78% |
| Total Shareholding | 1,63,50,888 (15.93%) | 1,63,50,888 (15.93%) | No Change |
Company Capital Structure
- Total Equity Share Capital: 10,26,46,896 shares
- Value of Share Capital: Rs. 102,64,68,960
- Face Value per Share: Rs. 10
Additional Information
- The company's total diluted share capital, including outstanding ESOPs, stands at 10,86,01,536 equity shares.
- The disclosure was made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
This transaction demonstrates a shift in the promoter's shareholding composition, increasing direct ownership while reducing encumbered shares. However, the overall promoter stake remains unchanged at 15.93% of the company's total share capital.
Historical Stock Returns for Virinchi
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.54% | -6.97% | -10.55% | -7.37% | -23.67% | -28.22% |
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