Viji Finance Completes Warrant Conversion, Adds Rs 3.15 Crore Capital

1.5 crore equity shares allotted; Rs 3.15 crore capital infusion received.

Reader Takeaway: Successful capital raise via warrant conversion; potential future dilution from remaining warrants.

What just happened

Viji Finance Ltd. has successfully allotted 1.5 crore equity shares following the exercise of conversion rights by two non-promoter investors, Kunal D Sanghvi HUF and Ashik D Sanghvi HUF. Each entity received 75 lakh shares. This conversion of warrants into equity shares brings in a capital infusion of Rs 3.15 crore.

Why this matters

The capital infusion strengthens Viji Finance's financial base. The company's paid-up equity capital has now risen to Rs 22.10 crore from Rs 20.60 crore. This move is part of a warrant subscription plan initiated in June 2026.

The backstory

This allotment is the result of warrants issued earlier. The investors paid the remaining 75% of the issue price to convert these warrants into equity shares. The issue price was Rs 2.80 per share, including a premium of Rs 1.80.

What changes now

Following the allotment, Viji Finance's paid-up equity capital has increased. The newly allotted shares are subject to a statutory lock-in period as per SEBI regulations, meaning they cannot be immediately traded.

Risks to watch

A significant watch point is the presence of 1 crore outstanding warrants with one remaining holder. The eventual conversion of these warrants will lead to further dilution of the equity base.

Peer comparison

Information on peer warrant conversions and capital raises is not available in the filing.

Context metrics (time-bound)

• Equity Shares Allotted: 1.5 crore
• Issue Price: Rs 2.80 per share
• Capital Infusion Received: Rs 3.15 crore
• Post-Allotment Paid-up Capital: Rs 22.10 crore
• Remaining Warrants Outstanding: 1 crore

What to track next

Investors should monitor the conversion status of the remaining 1 crore warrants and any future capital raising plans by the company.