Viji Finance Allots 1 Crore Equity Shares Post Warrant Conversion
Viji Finance Limited approved the allotment of 1 crore equity shares at ₹2.80 each upon conversion of warrants. This completes the conversion of all 8.85 crore warrants. The company's paid-up capital increased to ₹23.10 crore.
The allotment of equity shares increases the company's capital base, which can support future growth and operations. The amount raised is significant for a company of this size.
The company successfully completed the conversion of all warrants into equity shares, increasing its paid-up capital. This indicates successful fundraising and capital enhancement.
Viji Finance Limited announced the outcome of its Preferential Allotment Committee Meeting held on August 26, 2026. The committee approved the allotment of 1,00,00,000 (One Crore) Equity Shares of face value Re. 1/- each. These shares were issued at a price of ₹2.80 per share, including a premium of ₹1.80 per share, to one warrant holder from the non-promoter category.
The allotment follows the receipt of the balance 75% of the issue price, amounting to ₹2.10 per warrant, totaling ₹2,10,00,000/- (Rupees Two Crore Ten Lakhs only). This action completes the conversion of all 8,85,00,000 (Eight Crore Eighty-Five Lakhs) warrants that were initially allotted on a preferential basis to 19 investors on June 16, 2026.
With this allotment, the company's issued, subscribed, and paid-up capital has increased from ₹22,10,00,000/- to ₹23,10,00,000/-, comprising 23,10,00,000 fully paid-up Equity Shares of Re. 1/- each. The newly allotted equity shares will rank pari-passu with the existing equity shares. The meeting of the Preferential Allotment Committee commenced at 5:00 PM and concluded at 5:45 PM.
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Viji Finance Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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