Viji Finance Allots 1.45 Crore Equity Shares via Preferential Allotment
Viji Finance Limited approved the allotment of 1.45 crore equity shares at ₹2.80 per share via preferential allotment. This conversion of warrants increased the company's paid-up capital to ₹20.60 crore. The allotment was completed upon receipt of the balance payment from four non-promoter warrant holders.
The allotment of shares increases the company's capital and can lead to dilution of existing shareholding, but it also strengthens the financial position. The amount raised is significant relative to the company's current capital.
The allotment of equity shares via preferential allotment and conversion of warrants is a positive development as it strengthens the company's capital base and indicates investor confidence.
Viji Finance Limited announced the outcome of its Preferential Allotment Committee meeting held on July 24, 2026. The committee approved the allotment of 1,45,00,000 equity shares of face value Re. 1 each, fully paid-up, at an issue price of ₹2.80 per share. This allotment is a result of the conversion of an equivalent number of warrants, upon receipt of the balance 75% of the issue price from four warrant holders belonging to the non-promoter category.
The total amount received for this conversion was ₹3,04,50,000. The company had previously allotted 8,85,00,000 warrants on a preferential basis to 19 investors on June 16, 2026, with 25% of the issue price paid upfront. Subsequent to this, 3,04,00,000 warrants were converted on June 29, 2026, and 1,86,00,000 warrants on July 10, 2026.
With this latest allotment, the issued, subscribed, and paid-up capital of Viji Finance Limited has increased from ₹19,15,00,000 to ₹20,60,00,000, comprising 20,60,00,000 equity shares of Re. 1 each. The newly allotted equity shares will rank pari-passu with the existing equity shares of the company. The remaining 2,50,00,000 warrants continue to be outstanding.
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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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