Viji Finance Limited's board of directors concluded their meeting on March 24, 2026, with significant approvals for fund raising through preferential allotment of warrants. The meeting, which commenced at 4:00 PM and concluded at 6:15 PM, addressed the previously announced fund raising proposal and resulted in formal regulatory disclosures to stock exchanges.

Board Meeting Outcomes and Warrant Allotment

The board approved the issuance and allotment of up to 12.75 crore warrants convertible into equivalent equity shares of face value ₹1 each. The warrants are priced at ₹2.80 per warrant, aggregating up to ₹357 crore to non-promoter investors through preferential issue.

Comprehensive Investor Details and Shareholding Pattern

The warrant allotment involves 22 non-promoter investors with varying allocation sizes. The largest allocations are designated for Vicky R. Jhaveri HUF, Rajesh Nanubhai Jhaveri HUF, and Harsha Rajesh Jhaveri, each receiving 1.30 crore warrants worth ₹3.64 crore. Upon full conversion, each would hold 4.81% stake in the company.

Warrant Conversion Terms and Timeline

Each warrant is convertible into equivalent number of equity shares within eighteen months from the date of allotment. The payment structure requires 25% of the consideration at the time of subscription and allotment, with the remaining 75% payable upon exercise of options. Unexercised warrants will lapse after eighteen months, and the consideration paid will be forfeited by the company.

Extraordinary General Meeting and Committee Formation

The board scheduled an Extraordinary General Meeting (EGM) for April 23, 2026, at 11:30 AM through video conferencing to seek shareholder approval for the preferential allotment. Additionally, a Preferential Allotment Committee has been constituted to handle matters relating to warrant allotment and their conversion into shares.

Regulatory Compliance and Disclosures

The preferential issue will be executed in accordance with Section 62(1)(c) of the Companies Act, 2013, SEBI (ICDR) Regulations, 2018, and SEBI (LODR) Regulations, 2015. The company has submitted comprehensive disclosures to BSE Limited, National Stock Exchange of India Limited, and Calcutta Stock Exchange Limited as required under Regulation 30.

Viji Finance Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing a remarkable turnaround in financial performance. The Board of Directors approved these results during their meeting held on January 16, 2026.

Strong Quarterly Performance

The company delivered exceptional results in Q3FY26, demonstrating significant improvement across key financial metrics:

The company's interest income, which forms the primary revenue source, witnessed substantial growth of 164.63% to ₹159.26 lakhs compared to ₹60.19 lakhs in the corresponding quarter of the previous year.

Nine-Month Period Results

For the nine months ended December 31, 2025, Viji Finance continued its positive trajectory:

The nine-month performance reflects the company's successful transition from a loss of ₹51.11 lakhs in the previous year to a profit of ₹51.53 lakhs in the current period.

Expense Management and Profitability

Viji Finance demonstrated improved cost management during the quarter. Total expenses decreased to ₹46.22 lakhs in Q3FY26 from ₹84.11 lakhs in Q3FY25, representing a reduction of 45.06%. Key expense components included:

• Finance Cost: ₹9.91 lakhs (down from ₹16.19 lakhs)
• Employee Benefit Expenses: ₹10.53 lakhs (down from ₹41.19 lakhs)
• Other Expenses: ₹17.54 lakhs (down from ₹17.92 lakhs)

For the nine-month period, the company maintained disciplined expense management with total expenses of ₹221.14 lakhs compared to ₹241.36 lakhs in the previous year.

Earnings Per Share and Capital Structure

The company's earnings per share (EPS) showed significant improvement, moving from negative ₹0.01 in Q3FY25 to positive ₹0.07 in Q3FY26. For the nine-month period, EPS improved from negative ₹0.04 to positive ₹0.04. The paid-up equity share capital remained stable at ₹1,425.00 lakhs with a face value of ₹1.00 per share.

Regulatory Compliance and Audit

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors. Dharmendra K Agarwal & Co., Chartered Accountants, conducted a limited review and expressed an unmodified opinion on the financial results. The company operates solely in finance services and has no subsidiary, associate, or joint venture companies as of December 31, 2025.