Description
BSE lists 10,50,000 new equity shares of Virinchi Limited issued on preferential basis via warrant conversion, effective April 20, 2026.
Summary
BSE has listed 10,50,000 new equity shares of Virinchi Limited (Scrip Code: 532372) issued to Non-Promoters on a preferential basis through conversion of warrants. These shares are available for trading on the Exchange from Monday, April 20, 2026.
Key Points
- 10,50,000 equity shares of Rs. 10/- each issued at a premium of Rs. 15/- (issue price Rs. 25/-)
- Issued to Non-Promoters via preferential allotment on conversion of warrants
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 102646897 to 103696896
- ISIN: INE539B01017
- All 10,50,000 shares are subject to lock-in until October 31, 2026
Regulatory Changes
No regulatory changes. This is a standard listing notice under BSE’s Listing Operations for newly allotted securities.
Compliance Requirements
Trading members are informed to note the new securities and lock-in restrictions. The 10,50,000 shares (Dist. Nos. 102646897 to 103696896) are locked in until October 31, 2026 and cannot be traded during this period.
Important Dates
- Allotment Date: January 31, 2026
- Trading Commencement: April 20, 2026 (Monday)
- Lock-in Expiry: October 31, 2026
Impact Assessment
Minimal market impact. The addition of 10,50,000 shares represents a modest increase in the tradable float of Virinchi Limited. However, since all newly listed shares are under lock-in until October 31, 2026, there is no immediate increase in free-float or selling pressure. Existing shareholders are unaffected as new shares rank pari-passu.
Impact Justification
Routine listing of new shares from preferential allotment via warrant conversion for a single mid-cap company; no systemic or broad market impact.