Viji Finance Announces SEBI's Special Window for Physical Securities Transfer and Dematerialization

2 min read     Updated on 06 Apr 2026, 08:08 PM
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Radhika SScanX News Team
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Viji Finance Limited has notified shareholders about SEBI's special window for transfer and dematerialization of physical securities, operational from February 5, 2026 to February 4, 2027. The facility covers securities sold or purchased before April 1, 2019, with transferred securities subject to mandatory dematerialization and a one-year lock-in period. Shareholders must submit requests with original certificates through the company's Registrar and Share Transfer Agent, Ankit Consultancy Private Limited.

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Viji Finance Limited has announced the implementation of SEBI's special window facility for transfer and dematerialization of physical securities, following a circular issued by the Securities and Exchange Board of India on January 30, 2026. The initiative aims to ease investment processes for shareholders holding physical securities that were transacted before the mandatory dematerialization deadline.

Special Window Details and Timeline

The special window facility will remain operational for one year, commencing from February 5, 2026, and concluding on February 4, 2027. This extended timeframe provides shareholders with ample opportunity to complete the transfer and dematerialization process for their physical securities.

Parameter Details
Window Period February 5, 2026 to February 4, 2027
Duration One year
SEBI Circular Reference HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026
Applicable Securities Sold/purchased prior to April 1, 2019

Eligibility Criteria and Requirements

The facility specifically covers physical securities that were sold or purchased prior to April 1, 2019. Additionally, the window accommodates transfer requests that were previously submitted but faced rejection, return, or remained unattended due to documentation deficiencies or procedural shortcomings.

Execution Date Previously Lodged Original Certificate Available Eligibility Status
Before April 1, 2019 No (Fresh lodgment) Yes Yes
Before April 1, 2019 Yes (Rejected/returned earlier) Yes Yes
Before April 1, 2019 Yes No No
Before April 1, 2019 No No No

Transfer and Lock-in Provisions

Under the new facility, transferred securities will be mandatorily credited to the transferee exclusively in dematerialized mode. These securities will be subject to a lock-in period of one year from the date of transfer registration. During this lock-in period, the securities cannot be transferred, lien-marked, or pledged, ensuring compliance with regulatory requirements.

Procedural Information for Shareholders

Shareholders interested in utilizing this facility must submit their requests along with required documentation to the company's Registrar and Share Transfer Agent, Ankit Consultancy Private Limited, located at 60, Electronic Complex, Pardeshipura, Indore (M.P.) 452010. Only requests accompanied by original certificates, transfer deeds, and relevant supporting documents will be considered under this special window.

For queries and assistance, shareholders can contact:

The complete SEBI circular is available on the regulator's official website for detailed reference and compliance requirements.

Historical Stock Returns for Viji Finance

1 Day5 Days1 Month6 Months1 Year5 Years
+1.66%+16.29%+48.31%-8.63%+34.06%+490.38%

Will SEBI extend similar special window facilities to other companies with significant physical securities backlogs after this pilot program?

How might the one-year lock-in period impact Viji Finance's stock liquidity and trading volumes during 2026-2027?

What percentage of Viji Finance's total shareholding is expected to transition from physical to demat form through this facility?

Viji Finance EGM on April 23, 2026 to Approve ₹357 Crore Warrant Issuance

3 min read     Updated on 02 Apr 2026, 05:52 PM
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AI Summary

Viji Finance Limited has published a regulatory compliance notice under SEBI Regulation 47 confirming its Extra-Ordinary General Meeting on April 23, 2026 through video conferencing to approve ₹357 crore warrant issuance. The company will issue 12.75 crore warrants to 22 non-promoter investors at ₹2.80 per warrant, with funds primarily allocated for onward lending (75.64%) and general corporate purposes (24.36%). The notice provides detailed e-voting information with remote voting from April 20-22, 2026, and confirms availability of meeting documents on company and stock exchange websites.

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Viji Finance Limited has published a public notice under Regulation 47 of the SEBI (LODR) Regulations, 2015, confirming its Extra-Ordinary General Meeting (EGM) scheduled for April 23, 2026. The meeting will be conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) to approve the issuance of warrants convertible into equity shares worth ₹357 crores.

EGM Details and Regulatory Compliance

The EGM will be held on Thursday, April 23, 2026 at 11:30 AM (IST) through Video Conferencing (VC)/Other Audio-Visual Means (OAVM), complying with applicable provisions of the Companies Act, 2013 and circulars issued by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI).

Parameter: Details
Meeting Date: April 23, 2026
Meeting Time: 11:30 AM (IST)
Format: Video Conferencing/OAVM
Warrant Issue Size: ₹357.00 crores
Number of Warrants: 12.75 crore
Issue Price: ₹2.80 per warrant

The company proposes to issue up to 12.75 crore warrants convertible into equivalent equity shares to non-promoter investors at ₹2.80 per warrant, including a premium of ₹1.80. The warrants will be convertible within 18 months from the allotment date, with 25% of the consideration payable at subscription and the remaining 75% at conversion.

Fund Utilization and Business Objectives

The proceeds from the warrant issuance will be utilized for specific business objectives aimed at strengthening the company's financial services operations.

Object: Amount (₹ Crores) Percentage Timeline
Onward Lending: 270.00 75.64% 12 months
General Corporate Purposes: 87.00 24.36% 12 months
Total: 357.00 100.00% -

As a Non-Banking Financial Company (NBFC), Viji Finance Limited's primary activity involves onward lending, extending secured and unsecured loans to eligible borrowers in accordance with applicable laws and regulatory guidelines.

E-Voting Information and Shareholder Participation

The company has provided comprehensive e-voting facilities for shareholders in compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (LODR) Regulations.

E-Voting Details: Information
Remote E-voting Start: Monday, April 20, 2026 from 09:00 AM
Remote E-voting End: Wednesday, April 22, 2026 at 5:00 PM
Cut-off Date: Thursday, April 16, 2026
E-voting Platform: Central Depository Services (India) Limited (CDSL)

Electronic copies of the EGM notice have been distributed to shareholders whose email addresses are registered with the company or their Depository Participants. The notice and related documents are available on the company's website ( www.vijifinance.com ) and stock exchange websites including BSE, NSE, and Calcutta Stock Exchange.

Proposed Allottee Details and Shareholding Impact

The warrant issuance will be made to 22 non-promoter investors, with significant allocations to various Hindu Undivided Families (HUFs) and individuals.

Proposed Allottee: Category Warrants Amount (₹ Crores)
Vicky R. Jhaveri HUF: Non-Promoter 1.30 crore 36.40
Rajesh Nanubhai Jhaveri HUF: Non-Promoter 1.30 crore 36.40
Harsha Rajesh Jhaveri: Non-Promoter 1.30 crore 36.40
Manoj Chhaganlal Rathod: Non-Promoter 1.00 crore 28.00
Others (18 allottees): Non-Promoter 7.85 crore 219.80

Upon full conversion of warrants, the company's paid-up capital will increase from 14.25 crore shares to 27.00 crore shares. The promoter shareholding will dilute from 47.64% to 25.16%, while maintaining control of the company. The issue price of ₹2.80 per warrant has been determined based on SEBI (ICDR) Regulations, considering the higher of 90-day and 10-day volume weighted average prices on NSE.

The public notice confirms that any member can request a physical copy of the notice by sending a request to info@vijifinance.com . SEBI has also provided a special one-year window from February 05, 2026, to February 04, 2027, for investors to re-lodge old physical share transfer deeds that were originally submitted before April 1, 2019, but were rejected, returned, or not processed due to deficiencies.

Source: Company/Public Notice/Regulation 47 Compliance

Historical Stock Returns for Viji Finance

1 Day5 Days1 Month6 Months1 Year5 Years
+1.66%+16.29%+48.31%-8.63%+34.06%+490.38%

How will the significant promoter shareholding dilution from 47.64% to 25.16% impact Viji Finance's corporate governance and strategic decision-making capabilities?

What competitive advantages or market expansion opportunities could Viji Finance gain by deploying ₹270 crores in onward lending over the next 12 months?

Given the 18-month conversion window, what market conditions or company performance metrics might influence warrant holders' decisions to convert their warrants?

More News on Viji Finance

1 Year Returns:+34.06%