Viji Finance Limited Announces Preferential Allotment of 8,85 Lakh Convertible Warrants for Rs 24.78 Crore
Viji Finance Limited has completed the preferential allotment of convertible share warrants totaling 8,85,00,000 units to non-promoters and other persons. The decision was made by the Company's Preferential Allotment Committee in a meeting held on June 16, 2026.The total issue size for these warrants is Rs 24,78,00,000 (Rupees Twenty Four Crores Seventy Eight Lakhs only). The allotment was made in compliance with approval received previously from the board and stock exchanges.
Financial Details of Allotment
The Company reported an aggregate upfront subscription amount of Rs 6,19,50,000 for the warrants, which represents 25% of the total consideration. The remaining 75% payment is scheduled to be made by warrant holders at the time they exercise their conversion rights. This conversion must occur within a period of 18 months from the date of allotment, as per applicable regulations.The details regarding the allotting of warrants and the associated investors are summarized below:
| No. of Warrants Allotted | Total Issue Size |
|---|---|
| 8,85,00,000 | Rs 24,78,00,000 |
| Upfront Subscription Received | Rs 6,19,50,000 |
Revision of Preferential Issue Size
The preferential allotment process underwent a revision following the non-participation of three proposed investors: Vicky R. Jhaveri HUF, Rajesh Nanubhai Jhaveri HUF, and Mrs. Harsha Rajesh Jhaveri. These three entities were initially proposed to subscribe to 3,90,00,000 warrants, totaling Rs 35,70,00,000.As a result of this non-participation, the size of the preferential issue was revised from the original plan of 12,75,00,000 Convertible Warrants aggregating to Rs 35,70,00,000 down to the final structure of 8,85,00,000 Convertible Warrants for Rs 24,78,00,000.
Allottees and Investor Details
The warrants were allotted to nineteen non-promoters/other persons. The following table provides a detailed breakdown of the allotments made:| Name of the Allottee | Number of Warrants Allotted |
|---|---|
| Manoj Chhaganlal Rathod | 1,00,00,000 |
| AshikD Sanghvi HUF | 75,00,000 |
| Dhirajlal V Sanghvi HUF | 75,00,000 |
| Kunal D Sanghvi HUF | 75,00,000 |
| SagarD Sanghvi HUF | 75,00,000 |
| Vishw Jayesh Vora | 56,00,000 |
| Sureshkumar V Vora HUF | 24,50,000 |
| Jayesh Vaghjibhai Vora HUF | 24,50,000 |
| Ashokkumar Shantilal Jain | 36,00,000 |
| Arvindkumar Shantilal Jain | 36,00,000 |
| Gautamkumar Shantilal Jain | 36,00,000 |
| Arunaben Arvindkumar Jain | 36,00,000 |
| Reetaben Gautamkumar Jain | 36,00,000 |
| Madhuben Ashokkumar Jain | 36,00,000 |
| Vandana Ashokbhai Jain | 36,00,000 |
| Sumita Rahul Jain | 36,00,000 |
| Kevina Vanraj Jain | 36,00,000 |
| NishaD Jain | 16,00,000 |
All warrants and the resultant equity shares upon conversion will be subject to applicable lock-in requirements. The Board has also authorized key officers of Viji Finance Limited to handle the necessary filings for the creation of the ISIN for the Convertible Warrants.
VIJIFIN Stock Price Movement
Today, shares of Viji Finance Limited edged higher, settling at ₹3.91 after the company closed up 1.28%. The stock traded a volume of 103,358 shares during the session today.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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