Viji Finance Limited has informed the Exchange about change in Management
VIJIFIN · price
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Viji Finance Limited held its 31st Annual General Meeting on 31st December 2025, where shareholders approved three key items. First, Ramesh Chandra Bagdi & Associates was confirmed as Secretarial Auditor for a 5-year term from FY2025-26 to FY2029-30. Second, the company increased its authorized share capital from Rs. 18 crore to Rs. 30 crore by creating an additional 12 crore equity shares of Re. 1 each, requiring a corresponding amendment to the Memorandum of Association. Third, Mr. Ashish Verma (DIN: 07665222), aged 58, was confirmed as a Non-Executive Non-Independent Director after being appointed as an additional director from 8th December 2025. The document notes that Mr. Verma also holds directorship in Viji Housing Finance Limited, a similarly named entity, and classifies him as a 'Promoter' director in the term section.
The authorized capital hike from Rs. 18 crore to Rs. 30 crore gives the company flexibility to raise fresh equity in the future, which could lead to share dilution for existing shareholders. The new director addition and a 5-year secretarial auditor appointment are routine governance matters, though Mr. Verma's promoter classification and directorship in a related entity (Viji Housing Finance) suggests a promoter-family connected board addition that investors should note.