Detailed Coverage

Viji Finance Converts Warrants to Equity

1,45,00,000 Equity Shares Allotted
₹3.05 crore Cash Inflow Received

Reader Takeaway: The company is strengthening its capital base via warrant conversions, with more pending.

What just happened

Viji Finance Limited's Preferential Allotment Committee approved the allotment of 1.45 crore equity shares to four non-promoter warrant holders. This action follows the receipt of the remaining 75% of the issue price, converting outstanding warrants into shares.

Why this matters

This allotment results in a cash inflow of ₹3.05 crore for the company and increases its post-allotment issued, subscribed, and paid-up capital to ₹20.60 crore. The new shares are on par with existing equity shares and subject to SEBI regulations.

The backstory

This is part of an ongoing capital-raising strategy involving the conversion of warrants into equity shares. The company has a history of such conversions as part of its financial management.

What changes now

The company's equity structure is updated with the new shares. There are still 2.50 crore warrants remaining, which can be converted into equity shares if the balance payment is made within the stipulated time.

Risks to watch

Potential equity dilution from the remaining warrants and the company's ability to execute further conversions remain key watch points for investors.

Peer comparison

(No direct peer comparison data is available in the filing.)

Context metrics

• Shares Allotted: 1,45,00,000 on July 24, 2026.
• Issue Price: ₹2.80 per share.
• Cash Inflow: ₹3.05 crore (₹304.50 lakh) received.
• Post-Allotment Capital: ₹20.60 crore (₹2,060 lakh).
• Remaining Warrants: 2,50,00,000 as of July 24, 2026.

What to track next

Investors should monitor the conversion status of the remaining 2.50 crore warrants and any further announcements regarding Viji Finance's capital-raising activities.