Pledge/Unpledge
Viswanath Kompella, a promoter of Virinchi Limited, has pledged 5,00,000 equity shares (0.49% of total share capital) with Badjate Stock Broking Pvt Ltd. This pledge was created to cover a shortfall in security coverage, associated with a personal financing arrangement.
Following this transaction, Kompella retains a total holding of approximately 1,63,50,888 shares, representing 15.93% of the company.
Investors should note that this encumbrance is 27.98% of Kompella's total promoter shareholding, without reaching a significant threshold that may raise red flags regarding potential liquidity concerns.
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