Viji Finance Limited has informed the Exchange about issue of Securities
VIJIFIN · price
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Viji Finance Limited has received shareholder approval at an Extra-Ordinary General Meeting held on April 23, 2026 for issuance of up to 127.50 crore warrants convertible into equivalent number of equity shares on preferential basis. Each warrant is priced at INR 2.80, aggregating total issue size of approximately INR 35.70 crore. The warrants are being issued to 22 non-promoter allottees including Vicky R. Jhaveri HUF, various Jhaveri HUFs, Sanghvi HUFs, Vora family members, and Jain family members. Each warrant holder must pay 25% of consideration upfront and remaining 75% upon exercising conversion option within 18 months from allotment date. If not exercised within this period, unexercised warrants will lapse and consideration will be forfeited.
This preferential allotment will result in significant equity dilution for existing shareholders once warrants convert to equity shares. Post-conversion, several allottees will hold between 1-5% stakes in the company. The warrant issuance at INR 2.80 per share raises capital without immediate full payment.