Description

BSE notifies listing and trading permission for 13,15,715 new equity shares of Virinchi Limited issued to Promoter on preferential basis via conversion of warrants, effective May 20, 2026.

Summary

BSE has notified trading members that 13,15,715 new equity shares of Virinchi Limited (Scrip Code: 532372) are listed and permitted to trade on the Exchange with effect from Wednesday, May 20, 2026. These shares were issued to the Promoter on a preferential basis pursuant to conversion of warrants at an issue price of Rs. 28/- per share.

Key Points

  • 13,15,715 equity shares of Rs. 10/- face value issued at a premium of Rs. 18/- (issue price Rs. 28/-) to Promoter
  • Issued on preferential basis via conversion of warrants
  • Shares rank pari-passu with existing equity shares
  • ISIN: INE539B01017
  • Distribution numbers: 107481182 to 108796896
  • All 13,15,715 newly issued shares are subject to lock-in until 31 December 2027

Regulatory Changes

No regulatory changes. This is a standard listing notice for newly allotted securities under the preferential allotment route.

Compliance Requirements

  • Trading members are informed to permit trading in these new securities from May 20, 2026
  • Lock-in restriction applies to all 13,15,715 shares (Dist. Nos. 107481182 to 108796896) until 31/12/2027; these shares cannot be traded during the lock-in period

Important Dates

  • Date of Allotment: 24 February 2026
  • Trading commencement: 20 May 2026
  • Lock-in expiry: 31 December 2027

Impact Assessment

The listing adds 13,15,715 shares to Virinchi Limited’s tradeable equity base, though the entire allotment is locked in until end of 2027, meaning no immediate increase in free-float. The preferential allotment to the Promoter at Rs. 28/- per share (face value Rs. 10/- + premium Rs. 18/-) strengthens promoter holding. Market impact is limited in the near term given the full lock-in on these shares.

Impact Justification

Routine listing of new shares from warrant conversion with promoter lock-in; increases share capital but limited broad market impact.