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. The company confirmed there are no other material reasons for the resignation other than those stated in her letter dated July 14, 2026.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation was received and accepted by the Board of Directors, with Vijay Kothari, Chairman & Managing Director, signing the compliance documents. The information has been submitted to BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited.

Resignation Details

Viji Finance Ltd has appointed Mrs. Sejal Riddhesh Shah and Mr. Prakash Muksiya as Additional Directors to its board, effective June 24, 2026, to strengthen governance and expand its regional presence. The board approved these appointments based on the recommendations of the Nomination and Remuneration Committee. Mrs. Sejal Riddhesh Shah has been appointed as a Non-Executive Non-Independent Director, while Mr. Prakash Muksiya joins as a Non-Executive Independent Director. Both appointments are subject to approval by the shareholders.

Mrs. Sejal Riddhesh Shah holds a DIN of 11269204 and possesses over ten years of experience in the insurance sector, with expertise in health insurance advisory and customer relationship management. Her term extends up to the date of the ensuing Annual General Meeting (AGM) or within three months from the date of appointment, whichever is earlier. She is related to the Managing Director, being the sister of his spouse. The company confirmed she is not debarred from accessing the capital market by SEBI or any other authority.

Mr. Prakash Muksiya holds a DIN of 11786103 and is a Commerce Graduate with more than 15 years of experience in the management of co-operative societies. His term is for five years, from June 24, 2026 to June 23, 2031, subject to member approval. He has no relationship with other directors on the board and is not debarred from holding the office of director by virtue of any SEBI order.

The board meeting, which commenced at 03.30 p.m. and concluded at 04.30 p.m. on June 24, 2026, also considered other routine business. The company stated that continuous disclosure regarding these appointments would be filed with the exchanges in the prescribed format. The information is available on the company's website.

Appointments Summary