Viji Finance secures BSE, NSE trading approval for 2.95 crore shares

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Reviewed by
Naman SScanX News Team
Key Highlights
  • Viji Finance received trading approvals from BSE and NSE for 2.95 crore equity shares
  • Shares were issued at a premium of ₹1.80 per share on a preferential basis
  • Trading commences on September 29, 2026
  • Lock-in periods for most tranches expire on March 31, 2027
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Viji Finance Limited has received trading approvals from BSE Limited and National Stock Exchange of India Limited for 2.95 crore equity shares. The shares, issued at a premium of ₹1.80 per share on a preferential basis pursuant to warrant conversion, will be admitted for trading effective September 29, 2026.

The company filed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming the receipt of these approvals. This follows an earlier disclosure dated September 12, 2026, regarding the listing approval for the same block of shares.

Share Details and Issuance Terms

The approved securities consist of equity shares with a face value of ₹1 each. These shares were allotted to non-promoters through the conversion of warrants. The specific details of the issuance are outlined below:

Parameter Details
Number of Shares 2,95,00,000
Face Value ₹1
Issue Price ₹2.80 (₹1 + ₹1.80 premium)
Basis of Issue Preferential (Warrant Conversion)
Distinctive Numbers 191500001 to 221000000
Trading Start Date September 29, 2026

Lock-in Periods for Allottees

The NSE listing letter specified lock-in periods for the allotted shares, which vary slightly by tranche but generally extend until March 31, 2027. The table below summarizes the lock-in details provided in Annexure I:

No. of Shares Distinctive Numbers Range Lock-in Expiry
56,00,000 191500001 - 197100000 March 31, 2027
24,50,000 197100001 - 199550000 March 31, 2027
24,50,000 199550001 - 202000000 March 31, 2027
40,00,000 202000001 - 206000000 March 30, 2027
75,00,000 206000001 - 213500000 March 31, 2027
75,00,000 213500001 - 221000000 March 31, 2027
Total 2,95,00,000

Regulatory Compliance and Approvals

BSE Limited issued its trading approval via Letter No. LOD/PREF/VJ/403/2026-27 dated September 28, 2026. Similarly, NSE Limited confirmed the listing through Letter No. NSE/LIST/57523 on the same date. Both exchanges directed the company to ensure all critical price-sensitive information is submitted through their respective electronic filing systems.

The Chairman and Managing Director, Vijay Kothari, signed the intimation to the exchanges, confirming that copies of the approval letters were enclosed for record purposes. The shares are now listed and admitted to dealings on both exchanges in accordance with the terms specified in the approval letters.

Historical Stock Returns for Viji Finance

1 Day5 Days1 Month6 Months1 Year5 Years
-1.95%+7.27%+13.39%+509.47%+472.60%0.0%

How will the dilution from 2.95 crore new shares impact Viji Finance's earnings per share and book value in upcoming quarters?

What specific capital deployment plans does management have for the ₹8.26 crore raised through this preferential allotment?

Could the lock-in expiry in March 2027 create significant selling pressure on the stock price given the non-promoter holding structure?

Viji Finance recommends DDS & Associates as statutory auditor

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Reviewed by
Riya DScanX News Team
Key Highlights
  • Viji Finance recommended DDS & Associates as statutory auditor on September 2, 2026
  • Appointment fills casual vacancy left by resignation of Dharmendra K Agarwal & Co
  • New auditors hold FRN 120362W and are empanelled with CAG and RBI MEF
  • Board recommendation requires shareholder approval under Section 139(8) of Companies Act
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Viji Finance has recommended the appointment of DDS & Associates as its statutory auditor to fill a casual vacancy on the board. The recommendation was made by the Board of Directors on September 2, 2026, following the resignation of the previous auditors, Dharmendra K Agarwal & Co.

The appointment is subject to approval by the company's members in a general meeting convened within the period prescribed under Section 139(8) of the Companies Act, 2013. If approved, DDS & Associates will hold office until the conclusion of the next Annual General Meeting.

Auditor Details

The new statutory auditor, DDS & Associates, is a proprietorship firm based in Ahmedabad, Gujarat. It holds Firm Registration No. 120362W with the Institute of Chartered Accountants of India (ICAI).

Particular Details
Firm Name DDS & Associates
Registration No 120362W
Location Ahmedabad, Gujarat
Empanelment CAG (since 2009-10), RBI MEF (since 2007-08)

The firm is peer-reviewed and empanelled with the Comptroller and Auditor General (CAG) under Empanelment No. WR3752 since the 2009-10 fiscal year. It has also been empanelled with the RBI’s Master Empanelment Framework (MEF) under Empanelment No. 81367 since 2007-08.

Scope of Practice

DDS & Associates offers audit and assurance services, income tax consultancy, GST compliance, and corporate advisory. The firm has experience serving listed companies, NBFCs, and government entities. It previously served as a Banking Statutory Branch Auditor from 2019-20 to 2023-24.

The disclosure confirmed that DDS & Associates has no relationship with any of the directors of Viji Finance Ltd.

Historical Stock Returns for Viji Finance

1 Day5 Days1 Month6 Months1 Year5 Years
-1.95%+7.27%+13.39%+509.47%+472.60%0.0%

What specific factors led to the resignation of the previous auditors, Dharmendra K Agarwal & Co., and were there any unresolved audit qualifications?

How might the transition to DDS & Associates impact Viji Finance's upcoming financial reporting timelines or regulatory compliance posture?

Given DDS & Associates' experience with NBFCs, will their audit approach introduce stricter internal control requirements for Viji Finance?

More News on Viji Finance

1 Year Returns:+472.60%