Viji Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on March 24, 2026.
VIJIFIN · price
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The board of Viji Finance Limited approved a preferential issue of up to 12.75 crore warrants, each convertible into one equity share of face value ₹1, at a price of ₹2.80 per warrant, raising up to ₹35.70 crore in total. All warrants are being issued to 22 non-promoter investors, including several HUFs and individuals (listed in Annexure I), with no promoter participation. On full conversion, these allottees would collectively hold roughly 45-50% of the expanded share capital, significantly changing the shareholder base. An Extra-Ordinary General Meeting (EGM) has been scheduled for April 23, 2026, via video conferencing, to seek shareholder approval for the issue. A dedicated Preferential Allotment Committee has also been formed to oversee the process, which is subject to stock exchange and other regulatory approvals.
This is a large fund-raise relative to the company's size, and the issue price of ₹2.80 is a key reference point for the stock. Existing shareholders should note significant equity dilution on full conversion, but also potential value if the fresh capital is deployed productively. The stock may react to the ₹2.80 issue price and the introduction of several new non-promoter shareholders.