Viji Finance Allots 3.04 Crore Equity Shares via Warrant Conversion
Viji Finance Limited's Preferential Allotment Committee approved the allotment of 3.04 crore equity shares via warrant conversion on June 29, 2026. The shares were issued at ₹2.80 each to 9 non-promoter investors, raising ₹6.38 crore. This increases the company's paid-up capital to ₹17.29 crore.
The preferential allotment and conversion of warrants lead to an increase in the company's capital base and potentially a change in shareholding structure. While positive, the impact is considered medium as it's a partial conversion of the initially allotted warrants.
The company successfully converted warrants into equity shares, raising capital and increasing its paid-up share capital. This indicates positive financial activity and growth.
Viji Finance Limited announced the outcome of its Preferential Allotment Committee meeting held on June 29, 2026. The committee approved the allotment of 3,04,00,000 (Three Crore Four Lakhs) Equity Shares of face value Re. 1 each, pursuant to the conversion of an equivalent number of warrants.
The equity shares were allotted at an issue price of ₹2.80 per share, including a premium of ₹1.80 per share. This allotment was made to 9 warrant holders from the non-promoter category upon receipt of the balance 75% of the issue price, amounting to ₹2.10 per warrant.
The total amount received aggregated to ₹6,38,40,000 (Rupees Six Crore Thirty-Eight Lakhs Forty Thousand only). This conversion follows an earlier allotment of 8,85,00,000 warrants on a preferential basis to 19 investors on June 16, 2026, where investors had paid an upfront subscription amount of 25% of the issue price.
Out of the 19 initial warrant holders, 9 have now exercised their conversion rights. The remaining 5,81,00,000 warrants held by 10 warrant holders continue to be outstanding and are eligible for conversion within the prescribed period.
The meeting of the Preferential Allotment Committee commenced at 11:30 A.M. and concluded at 12:30 P.M. on June 29, 2026. The newly allotted equity shares will rank pari-passu with existing equity shares. Consequently, the company's issued, subscribed, and paid-up capital has increased from ₹14,25,00,000 to ₹17,29,00,000.
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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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