Viji Finance Limited has scheduled its 32nd Annual General Meeting (AGM) for August 13, 2026, at 11:30 AM IST via Video Conferencing. Shareholders will vote on increasing the company's authorized share capital from ₹30 crore to ₹75 crore to support future capital requirements and warrant conversions. The meeting will also consider the adoption of audited financial statements for the year ended March 31, 2026, and the appointment of directors, including Mr. Aryaman Kothari as Whole Time Director and Mr. Prakash Muksiya as Non-Executive Independent Director.

Remote e-voting facilities will be provided by Central Depository Services (India) Limited. The e-voting period commences on August 10, 2026, at 9.00 A.M. and concludes on August 12, 2026, at 5.00 P.M. The cut-off date for determining e-voting entitlement is August 6, 2026. Mr. L.N. Joshi, a Practicing Company Secretary, has been appointed as the Scrutinizer for the meeting.

Key Meeting Details

Director Appointments

The Board has recommended the re-appointment of Mr. Ashish Verma, who retires by rotation, and Ms. Sakshi Chourasiya as Independent Director for a second term. Additionally, the AGM will seek approval for material related party transactions with Chairman & Managing Director Mr. Vijay Kothari, involving unsecured loans up to ₹100 crore for FY 2026-27. These transactions are interest-free and intended to fund the company's lending operations and working capital needs.

Viji Finance returned to profitability in the first quarter of FY27, reporting a net profit of ₹113.71 lakh for the period ended June 30, 2026. This marks a significant turnaround from the net loss of ₹33 lakh recorded in the corresponding quarter of the previous year. The company’s total income for the quarter stood at ₹207.37 lakh, a sharp increase from ₹65.85 lakh in Q1FY26, driven primarily by a surge in other income which reached ₹118.57 lakh compared to ₹9.33 lakh a year ago.

The board of directors approved the unaudited financial results for the quarter ended June 30, 2026, along with the Limited Review Report. Revenue from operations for the quarter was reported at ₹88.80 lakh, up from ₹56.52 lakh in the same period last year. Total expenses for the quarter were contained at ₹54.46 lakh, a decrease from ₹99.23 lakh in the prior year quarter, contributing to the improved bottom line. The basic and diluted earnings per share for the quarter were reported at ₹0.07, compared to a loss of ₹0.02 per share in Q1FY26.

In a major corporate development, the board approved the appointment of Mr. Aryaman Kothari as an Additional Director and Whole-Time Director for a period of three years, effective from July 14, 2026, subject to shareholder approval. The board also accepted the resignation of Mrs. Sejal Riddhesh Shah as an Additional Director, effective from the close of business hours on July 14, 2026. Additionally, the board approved the re-appointment of Ms. Sakshi Chourasiya as a Non-Executive Independent Director for a second term of five years, effective from October 25, 2026, subject to shareholder approval.

The board further approved an increase in the authorized share capital of the company from ₹30 crore to ₹75 crore and the alteration of the relevant clause in the Memorandum of Association relating to share capital. Both proposals are subject to the approval of shareholders at the ensuing Annual General Meeting. The company also noted that 3.04 crore equity shares were allotted upon the conversion of share warrants, increasing the paid-up capital to ₹17.29 crore, though listing approval for these shares is pending with the stock exchanges.

Financial Performance Summary