StockWatch
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Non Banking Financial Company (NBFC)
Corporate Action12 Aug 2026, 06:41 pm

Viji Finance Allots 1.5 Cr Equity Shares on Warrant Conversion

AI Summary

Viji Finance Ltd announced the outcome of its Preferential Allotment Committee meeting held on August 12, 2026. The committee approved the allotment of 1,50,00,000 equity shares of face value Re. 1/- each at an issue price of Rs. 2.80/- per share. These shares were issued upon conversion of warrants, with 2 non-promoter warrant holders exercising their rights after remitting the balance 75% of the issue price, aggregating to Rs. 3,15,00,000/-. This allotment increases the company's issued, subscribed, and paid-up capital to Rs. 22,10,00,000/-. The remaining 1,00,00,000 warrants continue to be outstanding.

Key Highlights

  • 1.50 crore equity shares allotted on warrant conversion.
  • Allotment price fixed at Rs. 2.80 per share.
  • Total funds raised from conversion: Rs. 3.15 crore.
  • Company's paid-up capital increased to Rs. 22.10 crore.
  • 2 non-promoter warrant holders participated in the conversion.