Viji Finance accepts director resignation, appoints Kothari
Viji Finance accepted the resignation of Mrs. Sejal Riddhesh Shah as Additional Director effective July 14, 2026, due to personal commitments. Concurrently, the board appointed Mr. Aryaman Kothari as Whole-Time Director for three years and re-appointed Ms. Sakshi Chourasiya as Non-Executive Independent Director for five years, both subject to shareholder approval.
*this image is generated using AI for illustrative purposes only.
Viji Finance accepted the resignation of Mrs. Sejal Riddhesh Shah as an Additional Director (Non-Executive Non-Independent Director) effective from the close of business hours on July 14, 2026. The resignation was attributed to increased personal commitments preventing her from devoting the requisite time to the company's affairs. Simultaneously, the board approved the appointment of Mr. Aryaman Kothari as an Additional Director and Whole-Time Director for a term of three years effective from July 14, 2026, subject to shareholder approval. The board also 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.
These decisions were taken based on the recommendations of the Audit Committee and the Nomination and Remuneration Committee. The board confirmed that neither appointee is debarred from holding the office of Director or accessing the capital markets by any order of SEBI or other regulatory authorities. The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Mr. Aryaman Kothari, aged 25, holds a Bachelor of Management Studies (B.M.S.) and possesses over 6 years of experience in finance, accounts, and business management. He is the son of Mr. Vijay Kothari, the Chairman & Managing Director of the company, and belongs to the Promoter group. He currently holds directorships in two other companies: ARYKO Private Limited and Viji Bioscience Private Limited.
Ms. Sakshi Chourasiya, aged 34, holds a Bachelor of Technology (B.Tech.) degree and has more than 13 years of professional experience in education and operations. She does not hold any directorships in other companies apart from this appointment and has no relationship with any other director of the company.
Director Appointments
| Particulars | Aryaman Kothari | Sakshi Chourasiya |
|---|---|---|
| Designation | Additional Director & Whole-Time Director | Non-Executive Independent Director |
| Term | 3 years (July 14, 2026 to July 13, 2029) | 5 years (Oct 25, 2026 to Oct 24, 2031) |
| Age | 25 Years | 34 Years |
| Qualification | Bachelor of Management Studies (B.M.S.) | Bachelor of Technology (B.Tech.) |
| Experience | 6 years in finance and accounts | 13 years in education and operations |
Historical Stock Returns for Viji Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.92% | +12.29% | +103.85% | +161.51% | +236.86% | +719.59% |
How will Mr. Aryaman Kothari's appointment as Whole-Time Director influence the company's strategic direction given his promoter group status?
What specific operational changes does the board expect following the transition from Mrs. Shah to Mr. Kothari?
Will the re-appointment of Ms. Chourasiya lead to any shifts in the company's governance or audit committee priorities?
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