Viji Finance Limited successfully concluded its 31st Annual General Meeting on December 31, 2025, with shareholders approving three major corporate decisions that will strengthen the company's governance framework and capital structure. The meeting, held from 11:35 AM to 11:50 AM, saw requisite majority approval for all proposed resolutions under SEBI (LODR) Regulations, 2015.

Secretarial Auditor Appointment Confirmed

Shareholders formally confirmed the appointment of Ramesh Chandra Bagdi & Associates, Practicing Company Secretaries, as the company's Secretarial Auditor for a five-year term. The firm brings extensive expertise in corporate compliance and regulatory matters.

The appointed firm possesses comprehensive experience across company law, listing regulations, trademark, copyrights, taxation, and legal matters, positioning them well to handle the company's evolving compliance requirements.

Authorized Share Capital Enhancement

The AGM approved a significant increase in authorized share capital, enhancing the company's financial flexibility for future growth initiatives. This represents a substantial 66.67% expansion in the capital base.

This capital enhancement required consequent alteration of the company's Memorandum of Association to reflect the new authorized share capital structure, providing greater operational flexibility.

Board Strengthening with Professional Director

Shareholders confirmed the appointment of Mr. Ashish Verma as Professional Non-Executive Non-Independent Director, following his initial appointment as additional director on December 8, 2025.

The company confirmed Mr. Verma's compliance with SEBI requirements, stating he is not debarred from accessing capital markets and no regulatory authority has passed any adverse orders against him.

Regulatory Compliance and Transparency

All disclosures were made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, ensuring complete transparency with stakeholders. The company has committed to making these disclosures available on its website at www.vijifinance.com and submitting them in XBRL format within prescribed timelines.

These strategic decisions reflect Viji Finance Limited's commitment to strengthening governance mechanisms, enhancing capital adequacy, and ensuring robust compliance frameworks as it continues operations in the financial services sector.

Viji Finance Limited has announced a significant change in its key management personnel. Nitesh Gupta (DIN: 09248507) has stepped down from his position as Whole-Time Director and Key Managerial Personnel, effective December 8, 2025.

Resignation Details

Mr. Gupta cited personal reasons for his departure, expressing a desire to focus on his own business endeavors. In his resignation letter, he stated that he would be unable to devote the necessary time to the company's affairs, leading to his decision to step down.

Board Meeting and Regulatory Compliance

The company's board of directors convened a meeting to address this material event, which lasted from 3:00 p.m. to 5:30 p.m. This meeting was in line with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, which mandate prompt disclosure of such significant changes.

Key Points of the Resignation

Company's Response

Viji Finance Limited has confirmed receipt of Mr. Gupta's resignation letter and his assertion that there are no material reasons for his resignation other than those mentioned. The company has complied with regulatory requirements by submitting the necessary disclosures to the stock exchanges and will update its records with the Registrar of Companies accordingly.

Impact and Next Steps

The resignation of a Whole-Time Director is considered a material event under SEBI regulations, potentially affecting the company's management structure. Viji Finance Limited has not announced any plans for Mr. Gupta's replacement. Investors and stakeholders may be watching for any further announcements regarding changes to the company's leadership team.

As the financial services sector continues to evolve, management stability remains a key factor for investors to consider. Viji Finance Limited will need to ensure a smooth transition to maintain operational continuity.