Viji Finance Limited has informed the Exchange regarding Board meeting held on August 05, 2025.
VIJIFIN · price
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Viji Finance's board approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), reporting a net loss of ₹33.00 lakhs compared to a loss of ₹10.31 lakhs in Q1 FY25, with EPS at -₹0.02 vs -₹0.01. Total income rose to ₹65.85 lakhs from ₹53.46 lakhs year-on-year, but expenses jumped sharply to ₹99.23 lakhs (vs ₹67.77 lakhs), largely due to a new ₹40.75 lakh provision on sub-standard assets. The board also approved the appointment of Ramesh Chandra Bagdi & Associates as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30), subject to shareholder approval, and reconstituted the Finance Committee. Additionally, the board cleared a draft Information Memorandum to list promoter-group equity shares on SDAX Exchange Pte. Ltd in Singapore.
Widening losses and a fresh provision on sub-standard assets point to asset-quality stress, which may weigh on investor sentiment. The Singapore listing of promoter shares is unusual for a small NBFC and could be viewed as a diversification step, though its impact on the stock remains uncertain. Shareholders should watch the AGM for the secretarial auditor appointment and monitor quarterly asset quality trends.