Viji Finance Approves Allotment of 8.85 Cr Warrants, Raises ₹6.2 Cr Upfront
Viji Finance approved allotting 8.85 crore convertible warrants to non-promoters. The company received ₹6.2 crore upfront, representing 25% of the total consideration. The preferential issue size is now ₹24.78 crore. Three proposed investors did not participate, revising the issue size from ₹35.7 crore.
The preferential allotment of warrants will dilute existing equity but also infuse capital into the company. The amount raised is significant relative to the company's size, impacting its financial structure and potentially enabling growth initiatives. The participation of new investors is also a positive signal.
The company is successfully raising capital through preferential allotment of warrants, which is a positive development for its funding and growth prospects. Despite a revision in the issue size, the core objective of raising funds has been achieved.
Viji Finance Limited's Preferential Allotment Committee met on June 16, 2026, and approved the allotment of 8,85,00,000 convertible share warrants to non-promoters. This decision follows the approval granted by the company's members at an Extra-Ordinary General Meeting held on April 23, 2026. The company has received an upfront subscription of ₹6,19,50,000 (Rupees Six Crores Nineteen Lakhs Fifty Thousand only), representing 25% of the total warrant consideration. The remaining 75% is payable within 18 months from the allotment date.
The preferential issue size has been revised to ₹24,78,00,000 comprising 8,85,00,000 convertible warrants, a reduction from the initially proposed ₹35,70,00,000 for 12,75,00,000 warrants. This revision is due to three proposed investors, Vicky R. Jhaveri HUF, Rajesh Nanubhai Jhaveri HUF, and Mrs. Harsha Rajesh Jhaveri, not participating in the issue for their aggregate subscription of 3,90,00,000 warrants.
The warrants are convertible into an equivalent number of equity shares at a price of ₹2.80 each. The allotment has received in-principle approval from BSE Limited, NSE, and The Calcutta Stock Exchange Limited. The company has authorized its Chairman & Managing Director, Mr. Vijay Kothari, and Company Secretary, CS Stuti Sinha, to manage the necessary filings for the creation of ISIN for the warrants.
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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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See the model portfoliosA plain-language summary of a public exchange filing by Viji Finance Limited. Read the original for the full detail.