Outcome of Board Meeting held on Wednesday, 06th May, 2026 pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
VIJIFIN · price
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Viji Finance Ltd reported strong financial performance for FY2026 with net profit of Rs. 197.46 Lacs, up significantly from Rs. 16.87 Lacs in FY2025. Total income rose to Rs. 523.99 Lacs compared to Rs. 292.92 Lacs in the previous year. However, auditors flagged a concern: loans of Rs. 145.47 Lacs to three borrowers were repaid by director Vijay Kothari (who was guarantor), rather than by the borrowers themselves. The auditors noted this may indicate borrower stress and potential evergreening risk. The company also has two of the three loan accounts classified as NPA. The board approved these results and declared an unmodified audit opinion.
While earnings improved substantially year-over-year, shareholders should note the auditor's red flag regarding related-party loan repayments and potential asset quality issues. The pending warrant issuance (127.5 crore warrants) remains subject to stock exchange approval.