Viji Finance Limited Appoints Two New Additional Directors: Sejal Shah and Prakash Muksiya
Viji Finance Limited announced significant additions to its leadership team, naming two new individuals as additional directors following recommendations from the company's Nomination and Remuneration Committee. The Board of Directors held a meeting on June 24, 2026, where these appointments were finalized.Mrs. Sejal Riddhesh Shah was appointed as an Additional Director under the category of Non-Executive Non-Independent Director. Mr. Prakash Muksiya has been named as an Additional Director in the capacity of a Non-Executive Independent Director. Both appointments are effective from June 24, 2026.
Profile of Mrs. Sejal Riddhesh Shah
Mrs. Sejal Riddhesh Shah, who is 52 years old and holds a Graduate in Commerce degree, brings over ten years of experience to the role. Her expertise spans the insurance sector, including health insurance advisory, customer relationship management, and business development. She possesses extensive knowledge concerning regulatory compliance and strategic planning within the industry.Details regarding her appointment are summarized below:
| Detail | Information |
|---|---|
| Name | Mrs. Sejal Riddhesh Shah |
| Director Identification Number | 11269204 |
| Date of Birth | November 9, 1973 |
| Experience | Over ten years in the insurance sector |
| Appointment Term | Up to the date of ensuing AGM or within three months from appointment, whichever is earlier |
| Directorships Held Elsewhere | One (Panchsheel Organics Limited) |
The document also noted that Mrs. Shah is related to the Managing Director of Viji Finance Limited, being the sister of his spouse. She has been confirmed as not being debarred from accessing the Capital Market by SEBI or any other authority.
Profile of Mr. Prakash Muksiya
Mr. Prakash Muksiya, who holds a Graduate in Commerce degree and is 45 years old, was appointed as an Additional Director under the category of Non-Executive Independent Director. He possesses more than 15 years of experience gained through managing co-operative societies. His background includes expertise in customer relationship management, marketing, and business development within the sector.Key details concerning his appointment include:
| Detail | Information |
|---|---|
| Name | Mr. Prakash Muksiya |
| Director Identification Number | 11786103 |
| Date of Birth | May 29, 1981 |
| Experience | More than 15 years in managing co-operative societies |
| Appointment Term | Five years, from June 24, 2026 to June 23, 2031, subject to approval by members at the ensuing AGM or within three months of appointment, whichever is earlier. |
| Directorships Held Elsewhere | Nil |
Mr. Muksiya has no reported relationship with any current director of Viji Finance Limited and was also confirmed not to be debarred from accessing the Capital Market by SEBI or any other authority.
VIJIFIN Stock Price Movement
Viji Finance Limited shares closed significantly higher today, hitting a 52-week high of ₹5.20 after rallying by 4.84%. The equity experienced tight intraday trading, which saw it move from a low of ₹4.98 to the closing level amidst 737,141 shares traded.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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