Viji Finance to issue 12.75 Cr warrants via preferential allotment, raising ₹35.70 Cr
Viji Finance Limited will issue up to 12.75 crore warrants convertible into equity shares via preferential allotment. The total issue size is ₹35.70 crore, with each warrant priced at ₹2.80. The warrants are convertible within 18 months. This follows member consent at an EGM held on April 23, 2026.
The issuance of warrants and the fundraising amount of ₹35.70 crore are significant for the company's size and operations, potentially impacting its financial structure and future growth prospects.
The company is undertaking a preferential allotment of warrants, which is a form of equity fundraising, indicating a positive step for business growth and capital infusion.
Viji Finance Limited has announced the issuance of up to 12,75,00,000 (Twelve Crores Seventy Five Lacs) warrants, convertible into an equivalent number of equity shares, on a preferential basis. The consent for this issuance was obtained from the company's members at an Extra-Ordinary General Meeting (EGM) held on Thursday, 23rd April 2026.
The EGM commenced at 11:33 A.M. and concluded at 11:42 A.M. Each convertible warrant will be issued at a price of ₹2.80, aggregating up to ₹35,70,00,000 (Rupees Thirty Five Crores Seventy Lakhs only) as the total issue size.
These warrants are convertible into equity shares within a period of eighteen months from the date of allotment. At the time of subscription and allotment of warrants, 25% of the consideration will be payable, with the remaining 75% payable upon the exercise of options against each warrant. If the proposed allottees do not exercise their option for equity shares within eighteen months, the unexercised warrants will lapse, and the consideration paid will be forfeited by the company. The disclosure will also be available on the company's website and submitted in XBRL mode within the prescribed time limit.
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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.