Virtual Galaxy Infotech Receives In-Principle Approval for Preferential Issue of Warrants
Virtual Galaxy Infotech Limited announced the receipt of in-principle approval from the National Stock Exchange of India Limited (NSE) for a proposed preferential issue involving warrants convertible into equity shares. This approval relates to the issue of warrants convertible into equity shares for the Promoter and Promoter Group.The approval was granted by the National Stock Exchange of India Limited vide letter reference no. NSE/LIST/53681 dated April 10, 2026.
The details of the proposed issue involve:
- Number of Warrants: 12,43,432
- Conversion Terms: Each warrant grants the right to subscribe to 1 equity share of face value Rs. 10/- each at a price of Rs. 159/- per share.
- Total Shares Upon Conversion: 12,43,432 equity shares.
These warrants are subject to a preferential allotment to the Promoter and Promoter Group, which includes immediate relatives of promoters.
The development follows the company's application dated February 23, 2026, seeking in-principle approval for the preferential issue. The approval confirmation was issued under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The details concerning the approval and the proposed allotment are summarized below:
| Detail | Value |
|---|---|
| Date of Approval Letter | April 10, 2026 |
| Exchange Reference No. | NSE/LIST/53681 |
| Warrants Issued | 12,43,432 |
| Conversion Price | Rs. 159/- per share |
| Face Value per Share | Rs. 10/- |
| Allottees | Promoter and Promoter Group |
VGINFOTECH Stock Price Movement
Today, shares of Virtual Galaxy Infotech Limited rallied, settling at ₹144.05 after gaining 2.13%. The stock saw a total traded volume of 18,000 shares during the session.Source:
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