Announced Tue, 14 Jul · 20:15 IST
Viji Finance seeks shareholder approval to raise authorized capital to Rs 75 cr
Credit & Debt View source PDF
VIJIFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.9%1-day move
₹7.95
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+3.9+5.9+7.9+10.1+12.2+16.6————
Up moveDown movePending
AI summary
Viji Finance's board has approved increasing the company's authorized share capital from Rs 30 crore to Rs 75 crore, divided into 75 crore equity shares of Re. 1 each. This requires amending the capital clause in the Memorandum of Association and needs shareholder approval at the upcoming AGM. No new shares are being issued immediately — this just raises the maximum limit on shares the company can issue in future.
Likely market impact
Signals possible future fundraising or stock split plans. No immediate dilution as it only raises the authorized capital ceiling, pending AGM approval.