Viji Finance Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on April 23, 2026
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Viji Finance Limited held an Extraordinary General Meeting on April 23, 2026 via video conference. Due to health issues, Chairman Vijay Kothari did not chair the meeting, and Non-Executive Director Ashish Verma was appointed as Chairman instead. Out of 62,937 total members, 36 attended the meeting. The main agenda item was a Special Resolution to approve the issuance of 12,75,00,000 Warrants Convertible into Equity Shares of Re.1/- each on a preferential basis to Non-Promoter/Other Persons. Remote e-voting was conducted from April 20-22, 2026, and e-voting during the EGM was also available. Voting results with Scrutinizer's Report will be submitted as per SEBI regulations.
Approval of this warrant issuance to non-promoters will result in significant dilution of existing shareholders' stake and could potentially alter the company's ownership structure. This is a substantial capital-raising exercise that shareholders should monitor for eventual conversion impact.