Viji Finance Completes Preferential Allotment: 3.04 Crore Shares Issued
Viji Finance Limited approved the allotment of 3.04 crore equity shares via preferential conversion of warrants. The shares were issued at ₹2.80 each to 9 non-promoter warrant holders, raising ₹6.38 crore. This increases the company's paid-up capital to ₹17.29 crore.
The preferential allotment involves a significant number of shares and a substantial amount of capital, which can impact the company's capital structure and potentially its earnings per share. However, it is not a transformative event for the company's core business operations.
The company successfully completed a preferential allotment, converting warrants into equity shares and raising capital. This is generally viewed positively as it strengthens the company's financial position.
Viji Finance Limited has 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. These shares were issued at a price of ₹2.80 per share, including a premium of ₹1.80 per share, to 9 warrant holders from the non-promoter category.
The allotment follows the receipt of the balance 75% of the issue price, amounting to ₹2.10 per warrant, aggregating to ₹6,38,40,000 (Rupees Six Crore Thirty-Eight Lakhs Forty Thousand only). This conversion is in accordance with the terms of the warrant subscription and exercise of conversion rights.
Previously, on June 16, 2026, the committee had allotted 8,85,00,000 (Eight Crore Eighty-Five Lakhs) warrants on a preferential basis to 19 investors. Out of these, 9 warrant holders, holding 3,04,00,000 warrants, have now exercised their conversion rights.
The remaining 5,81,00,000 (Five Crore Eighty-One Lakhs) warrants held by 10 other warrant holders are still outstanding and 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 the existing equity shares of the company. Consequently, the issued, subscribed, and paid-up capital of Viji Finance Limited has increased from ₹14,25,00,000 to ₹17,29,00,000, comprising 17,29,00,000 equity shares.
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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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