Viji Finance Allots 1.5 Crore Equity Shares Post Warrant Conversion
Viji Finance Limited allotted 1.5 crore equity shares upon conversion of warrants. The allotment was made at ₹2.80 per share to two non-promoter warrant holders. This conversion increased the company's paid-up capital to ₹22.10 crore.
The allotment of 1.5 crore equity shares represents a significant capital infusion, impacting the company's financial structure and shareholding pattern. The increase in paid-up capital is a material development for the company.
The allotment of equity shares through conversion of warrants indicates successful fundraising and an increase in the company's capital base, which is generally viewed positively.
Viji Finance Limited announced the allotment of 1,50,00,000 (One Crore Fifty Lakhs) Equity Shares of face value Re. 1/- each, following the conversion of an equivalent number of warrants. The Preferential Allotment Committee of the Board of Directors approved this allotment on August 12, 2026.
The equity shares were allotted at an issue price of ₹2.80 per share, including a premium of ₹1.80 per share, to two warrant holders from the non-promoter category. This conversion was executed upon receipt of the balance 75% of the issue price, amounting to ₹2.10 per warrant, aggregating to ₹3,15,00,000 (Rupees Three Crore Fifteen Lakhs only).
Previously, on June 16, 2026, the company had allotted 8,85,00,000 (Eight Crore Eighty-Five Lakhs) warrants on a preferential basis to 19 investors, who paid 25% of the issue price upfront. Out of the remaining warrants, 1,50,00,000 warrants held by two warrant holders were converted into equity shares.
The issued, subscribed, and paid-up capital of the company has increased from ₹20,60,00,000/- to ₹22,10,00,000/-, comprising 22,10,00,000 fully paid-up Equity Shares of Re. 1/- each. These new shares will rank pari-passu with existing equity shares. The meeting of the Preferential Allotment Committee commenced at 03:00 PM and concluded at 05:20 PM on August 12, 2026.
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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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