Viji Finance Limited Allots 18.6 Million Equity Shares Through Preferential Allotment Conversion of Warrants
Viji Finance Limited announced that its Preferential Allotment Committee approved the allotment of 1,86,00,000 equity shares following the conversion of warrants during a meeting held on July 10, 2026. The allocation was made at an issue price of Rs. 2.80/- per share, which includes a premium of Rs. 1.80/- per share, in exchange for the exercise of conversion rights by three warrant holders from the non-promoter category.The shares were allotted upon receipt of the balance 75% of the issue price, totaling Rs. 3,90,60,000/-, to the respective warrant holders.
This allotment follows prior activities related to warrants. The company had previously allotted 8,85,00,000 warrants on June 16, 2026, to nineteen investors who paid an upfront subscription amount of 25% of the issue price. Subsequently, nine warrant holders exercised their conversion rights by paying the balance 75% of the issue price, leading to the allotment of 3,04,00,000 equity shares on June 29, 2026.
The latest allotment completes the conversion for these three non-promoter entities who held a total of 1,86,00,000 warrants. The aggregate amount received for this tranche was Rs. 3,90,60,000/-.
As a result of this successful allotment, the issued, subscribed and paid-up capital of Viji Finance Limited has increased from Rs. 17,29,00,000/- to Rs. 19,15,00,000/, comprising 19,15,00,000 fully paid-up Equity Shares of Re. 1/- each.
The company also noted that a balance of 3,95,00,000 warrants remain outstanding from the remaining seven warrant holders and are eligible for conversion into an equivalent number of equity shares upon payment of the balance subscription amount and timely exercise of conversion rights as per applicable laws.
Details regarding this specific allotment tranche are summarized below:
| Metric | Value |
|---|---|
| Total Equity Shares Allotted (July 10) | 1,86,00,000 |
| Issue Price per Share | Rs. 2.80/- |
| Premium per Share | Rs. 1.80/- |
| Amount Received (75% of issue price) | Rs. 3,90,60,000/- |
The three warrant holders involved in this conversion are listed as follows:
| S. No | Name of the Allottees | Warrants Held | Equity Shares Allotted | Amount Received |
|---|---|---|---|---|
| 1 | Ashokkumar Shantilal Jain | 36,00,000 | 36,00,000 | Rs.75,60,000 |
| 2 | Dhirajlal V Sanghvi HUF | 75,00,000 | 75,00,000 | Rs.1,57,50,000 |
| 3 | Sagar D Sanghvi HUF | 75,00,000 | 75,00,000 | Rs.1,57,50,000 |
| Total | 1,86,00,000 | 1,86,00,000 | Rs.3,90,60,000 |
VIJIFIN Stock Price Movement
Shares of VIJIFIN closed strong in post-market today, edging higher to settle at ₹7.65, which represents a 2.00% gain. The stock achieved a critical 52-week high during trading, with 114,544 shares exchanged as the market concluded for the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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