Viji Finance Completes Preferential Allotment

1,00,00,000 equity shares have been allotted following the conversion of warrants.
6.06% is the new combined stake held by the acquirer and PAC in the company.

Reader Takeaway: Promoter group increases stake to 6.06% via warrant conversion; awaiting final listing and trading approvals.

What just happened

Viji Finance Ltd has executed a preferential allotment of 1 crore equity shares to Manoj Chhaganlal Rathod. This transaction, completed on August 26, 2026, stems from the conversion of previously issued warrants held by the Person Acting in Concert (PAC) with the acquirer, Nimit Manoj Kumar Rathod.

Shareholding Impact

This conversion has significantly increased the group's equity position in the firm. Their collective holding has risen from 40,00,000 shares, representing a 1.81% stake, to 1,40,00,000 shares. Consequently, the group now holds a 6.06% stake in the company’s post-allotment paid-up equity capital.

Status of Shares

While the allotment is complete, the newly issued shares are not yet available for trading. They are currently pending receipt of necessary listing and trading approvals from the relevant stock exchanges. Additionally, the process of crediting these shares to the respective demat accounts is ongoing. The filing was submitted under Regulation 29(2) of the SEBI (SAST) Regulations, 2011.

What to track next

Investors should look for updates regarding the final approval of these shares for listing and trading on the exchange. The conversion reflects a move to increase promoter-group shareholding, which often signifies confidence in the company's long-term prospects.