Viji Finance to issue 12.75 Cr warrants worth ₹35.7 Cr via preferential issue.
Viji Finance Limited will issue up to 12.75 crore warrants convertible into equity shares at ₹2.80 each, raising ₹35.70 crore via preferential issue. An EGM is scheduled for April 23, 2026, to approve the proposal.
The preferential issue of warrants is a significant fundraising activity that could impact the company's capital structure and future earnings per share.
The company is raising capital through a preferential issue, which is generally viewed positively as it can fund growth or strengthen the balance sheet.
Viji Finance Limited announced that its Board of Directors, in a meeting held on March 24, 2026, approved the issuance and allotment of up to 12,75,00,000 warrants, convertible into an equivalent number of equity shares of face value ₹1 each. These warrants will be issued at a price of ₹2.80 each, aggregating up to ₹35,70,00,000. The issuance will be conducted through a preferential issue to non-promoter/other persons, in accordance with applicable laws and regulations, subject to necessary approvals from the company's members and stock exchanges.
Furthermore, the Board approved the convening of an Extra-Ordinary General Meeting (EGM) on Thursday, April 23, 2026, at 11:30 AM IST, to be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). A Preferential Allotment Committee was also constituted to manage matters related to the preferential allotment of warrants and their conversion into shares. The Board meeting commenced at 4:00 PM and concluded at 6:15 PM.
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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.