Viji Finance Limited Allots 3 Crore Equity Shares Following Warrant Conversion
Viji Finance Limited announced that its Preferential Allotment Committee approved the allocation of 3,04,00,000 equity shares following the conversion of warrants. The allotment was completed on June 29, 2026.The equity shares were allotted at an issue price of Rs. 2.80 per share, which includes a premium of Rs. 1.80 per share. These shares were allocated to nine warrant holders from the non-promoter category. The transaction involved the receipt of the balance 75% of the issue price, amounting to Rs. 2.10 per warrant, totaling Rs. 6,38,40,000.
This action follows a previous allotment of warrants made by the company on June 16, 2026, to 19 investors. Of those initial warrant holders, nine successfully exercised their conversion rights by remitting the required balance amount. Accordingly, the company allotted 3,04,00,000 equity shares to these investors.
The remaining 5,81,00,000 warrants, held by the other ten warrant holders, continue to be outstanding. These warrants remain eligible for conversion into an equivalent number of equity shares if the holders pay the balance subscription amount and exercise their rights within the prescribed period.
Capital Structure Update
The allotment results in the company's issued, subscribed, and paid-up capital increasing from Rs. 14,25,00,000 to Rs. 17,29,00,000. This new capitalization comprises 17,29,00,000 fully paid-up Equity Shares of Re. 1 each.
The equity shares allotted upon the conversion of warrants shall rank pari passu with the company's existing equity shares, including any dividend.
Allottee Details Summary
The following table details the allotment outcome for the nine non-promoter investors:
| Category | Total Warrants Applied For Conversion | Equity Shares Allotted | Amount Received (75% of Issue Price) |
|---|---|---|---|
| Non-Promoters | 3,04,00,000 | 3,04,00,000 | Rs. 6,38,40,000 |
Investor Details Snapshot
The following table provides a breakdown of the nine specific allottees who received shares:
| Investor Name | Category | Warrants Held | Equity Shares Allotted | Amount Received (75% of Issue Price) |
|---|---|---|---|---|
| Arvindkumar Shantilal Jain | Non-Promoter | 36,00,000 | 36,00,000 | Rs. 75,60,000 |
| Gautamkumar Shantilal Jain | Non-Promoter | 36,00,000 | 36,00,000 | Rs. 75,60,000 |
| Arunaben Arvindkumar Jain | Non-Promoter | 36,00,000 | 36,00,000 | Rs. 75,60,000 |
| Reetaben Gautamkumar Jain | Non-Promoter | 36,00,000 | 36,00,000 | Rs. 75,60,000 |
| Madhuben Ashokkumar Jain | Non-Promoter | 36,00,000 | 36,00,000 | Rs. 75,60,000 |
| Vandana Ashokbhai Jain | Non-Promoter | 36,00,000 | 36,00,000 | Rs. 75,60,000 |
| Sumita Rahul Jain | Non-Promoter | 36,00,000 | 36,00,000 | Rs. 75,60,000 |
| Kevina Vanraj Jain | Non-Promoter | 36,00,000 | 36,00,000 | Rs. 75,60,000 |
| Nisha D Jain | Non-Promoter | 16,00,000 | 16,00,000 | Rs. 33,60,000 |
VIJIFIN Stock Price Movement
As of 12:59 PM, shares of Viji Finance Limited are surging in live trading, rallying nearly five percent to reach ₹5.73—a remarkable high that matches its 52-week peak. The stock is seeing strong buying activity as 83,989 shares trade, solidifying its robust performance in the financial services sector.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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