This transaction is not categorized as a related party transaction, and none of the company's promoters, directors, key managerial persons, or their relatives have any direct or indirect interest in this matter.

Virinchi is a software products and services company. On a consolidated basis, it reported net profit of Rs 4.46 crore in Q1 June 2023 as against net loss of Rs 1.78 crore in Q1 June 2022. Net sales rose 5.95% YoY to Rs 80.30 crore in Q1 June 2023.

Shares of Virinchi fell 0.44% to Rs 31.67 on 26 October 2023.