Viji Finance to hold EGM on April 23, 2026 for Preferential Issue of Warrants
Viji Finance Limited will hold an EGM on April 23, 2026, to approve the preferential issue of 12.75 crore warrants convertible into equity shares at ₹2.80 each. The total issue size is ₹35.70 crore. Warrants are convertible within 18 months. Remote e-voting will be available from April 20-22, 2026.
The preferential issue of warrants is a significant event that could dilute existing shareholding and impact capital structure. Investors will be keen to understand the terms and implications, making it a medium-impact event.
The announcement is a procedural notification regarding an upcoming EGM to discuss a preferential issue. It does not contain immediate financial results or significant business updates that would sway sentiment positively or negatively.
Viji Finance Limited has announced the convening of an Extra-Ordinary General Meeting (EGM) scheduled for Thursday, April 23, 2026, at 11:30 AM IST. The meeting will be conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM), with the registered office deemed as the venue.
The primary purpose of the EGM is to consider and approve a preferential issue of up to 12,75,00,000 (Twelve Crores Seventy Five Lacs) warrants convertible into equity shares. These warrants will be issued to non-promoter/other persons at a price of ₹2.80 each. The total issue size amounts to ₹35,70,00,000 (Rupees Thirty Five Crores Seventy Lacs only). Each warrant can be converted into one equity share of face value ₹1 within 18 months of allotment. A portion of the subscription price (25%) is payable at the time of allotment, with the remaining 75% due at the time of exercise.
The Relevant Date for determining the minimum issue price has been set as March 24, 2026. The company will facilitate remote e-voting from April 20 to April 22, 2026, and e-voting during the EGM. The voting rights will be based on shares held as of April 16, 2026.
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Viji Finance Limited filed this with the NSE as a statutory disclosure, categorised under egm. 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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