Viji Finance Ltd Approves Major Director Changes, Capital Increase; Releases Quarterly Financial Results

Viji Finance Ltd Approves Major Director Changes, Capital Increase; Releases Quarterly Financial Results​

Viji Finance Ltd conducted a Board meeting on July 14, 2026, during which it approved several key corporate actions, including significant changes in its directorial structure and an increase in authorized share capital. The company also released its unaudited financial results for the quarter ended June 30, 2026.

Key Board Decisions and Corporate Actions​

The meeting resulted in several material decisions concerning the company's leadership and structure:

• New Appointment: Mr. Aryaman Kothari (DIN: 09324877) was approved as an Additional Director and Whole-Time Director for a period of three years, effective from July 14, 2026, until July 13, 2029.
• Resignation: Mrs. Sejal Riddhesh Shah (DIN: 11269204) resigned as the Additional Director (Non-Executive Non-Independent Director), effective from the closure of business hours on July 14, 2026.
• Reappointment: Ms. Sakshi Chourasiya (DIN: 09370037) was approved for re-appointment as a Non-Executive Independent Director for a second term of five years, effective from October 25, 2026, to October 24, 2031.
• Capital Increase: The Board approved increasing the Authorized Share Capital from Rs. 30.00 Crore (equivalent to 30,00,00,000 Equity Shares of Re. 1/- each) to Rs. 75.00 Crore (or 75,00,00,000 Equity Shares of Re. 1/- each).
• M&A Alteration: The company's Memorandum of Association will be altered regarding Clause V relating to share capital, subject to shareholder approval.

The Board meeting commenced at 4:00 p.m. and concluded at 6:35 p.m.

Unaudited Financial Performance for Q1 FY27​

Viji Finance Ltd reported its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27).

The following table details the key financial metrics for the respective periods:

Capital Structure and Segment Reporting​

The company has one operational segment: Finance services, meaning no segment reporting was required for the quarter ended June 30, 2026.

Furthermore, the unaudited results revealed a material transaction concerning previous allotment: A preferential allotment made earlier allotted warrants, and of these, nine warrant holders converted 3,04,00,000 warrants by remitting Rs. 2.10 per share, aggregating to Rs. 6,38,40,000/-. This conversion increased the issued, subscribed and paid-up capital up to Rs. 17,29,00,000/- (17,29,00,000 fully paid-up Equity Shares of Re. 1/- each).

The company stated that these unaudited financial results would be uploaded on its website and available on the websites of major stock exchanges.

VIJIFIN Stock Price Movement​

On Tuesday, VIJIFIN shares surged to close at ₹7.95, gaining 1.92% from the previous session as the stock achieved a new 52-week high. The equity rallied on strong investor interest, which saw a traded volume of 134,784 shares recorded during the day.