Viji Finance accepted the resignation of Dharmendra K Agarwal & Co. from its role as statutory auditors, effective August 22, 2026. The firm cited significant business expansion and geographical distance as primary reasons for stepping down.

The company received the resignation communication via email on Saturday, August 22, 2026. Since its registered office remains closed on weekends, management reviewed the document on Monday, August 24, 2026. Initial communications lacked detailed reasons required under SEBI Listing Regulations, prompting the company to seek clarification before filing.

Resignation Details

Dharmendra K Agarwal & Co., Chartered Accountants (Firm Registration No. 025525C), were appointed for a five-year term starting September 30, 2024. Their tenure was scheduled to conclude at the 35th Annual General Meeting in calendar year 2029.

The auditors stated that the considerable distance between their Gwalior office and the company’s operations in Indore made regular visits increasingly difficult. They emphasized the need to ensure adequate time and resources for audit responsibilities.

Regulatory Compliance

The company filed the requisite disclosure with BSE, NSE, and CSE pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This included the resignation letter and detailed reasons furnished by the auditors.

Dharmendra K Agarwal & Co. confirmed they have completed the statutory audit for the quarter ended June 30, 2026, submitting the limited review report on July 14, 2026. They also undertook to file Form ADT-3 with the Registrar of Companies indicating the reasons for resignation.

Next Steps

The Audit Committee and Board of Directors will note the resignation at their ensuing meetings. The company must fill the casual vacancy in accordance with the Companies Act, 2013, and SEBI Listing Regulations. This process involves obtaining Audit Committee recommendations, Board approval, and member confirmation in a general meeting.

Chairman and Managing Director Vijay Kothari signed the disclosure on August 24, 2026. The outgoing auditors committed to cooperating with incoming auditors and handing over necessary working papers and records.

Viji Finance Limited has received trading approvals from the Bombay Stock Exchange (BSE) and National Stock Exchange of India Limited (NSE) for 4.9 crore equity shares issued on a preferential basis. The shares were allotted pursuant to the conversion of warrants held by non-promoters. Trading in these securities commenced on August 20, 2026.

The issuance involves 4,90,00,000 equity shares of Re. 1 each, issued at a premium of ₹1.80 per share. The distinctive numbers for these shares range from 142500001 to 191500000. This development follows an earlier disclosure by the company on August 5, 2026, regarding the receipt of listing approval for these shares.

Regulatory Approvals

The company cited Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with Schedule III, for this disclosure. The specific approval letters received are:

• BSE Limited: Letter No. LOD/PREF/VJ/285/2026-27 dated August 19, 2026
• National Stock Exchange of India Limited: Letter No. NSE/LIST/56857 dated August 19, 2026

Vijay Kothari, Chairman & Managing Director of Viji Finance, filed the intimation with the exchanges on August 20, 2026.

Lock-in Details

A portion of the issued shares is subject to lock-in restrictions until February 2027. The lock-in structure is detailed below:

What the Numbers Show

The admission of 4.9 crore shares for trading represents the final step in capitalizing warrants previously allotted on a preferential basis. While Ashik D Sanghvi HUF and its PACs recently converted 1.5 crore warrants (as disclosed in August 2026), this broader issuance indicates that other non-promoter investors also exercised their warrant conversion rights. The uniform lock-in period of approximately six months (until late February 2027) suggests these were likely part of a single preferential allotment tranche, restricting immediate liquidity for these new shares despite their listing.