Virinchi Limited entered into a Multi-Year Agreement with one of the leading Micro Lending companies in USA on July 28, 2023 which will add $2 Million to $2.5 Million per annum to the top line of the Company going forward. The initial Term of the agreement is for 5 Years from 28 July, 2023. One of the leading Micro Lending companies in USA (Name is not disclosed due to confidentiality clause with the Client).

The term of this Agreement starts from effective date and shall continue for 60 months from the Effective Date. Implementation, hosting, support and maintenance of the Base QFund Applications by the Company for use by the Customer.