Viji Finance Clears Regulatory Hurdle for 1 Crore New Shares

1,00,00,000 Equity Shares approved for trading, issued at Rs 2.80 total price per share.

Reader Takeaway: The trading approval completes the warrant conversion process, though the six-month lock-in period remains a key restriction.

What just happened

Viji Finance Limited has received official trading approval from both the BSE and the National Stock Exchange (NSE). This marks the final regulatory milestone for the 1,00,00,000 equity shares issued to non-promoter entities following the conversion of warrants. The approval, formalized on October 15, 2026, allows these shares to be listed and traded on the exchanges starting October 16, 2026.

Why this matters

For investors, the receipt of trading approval signals the conclusion of the capital infusion cycle that began with the preferential allotment. With the conversion process now fully realized, the company's equity base has expanded by one crore shares. This provides the company with additional capital, though the market liquidity for these specific shares is currently restricted by the mandatory lock-in period.

The backstory

The shares were issued at a face value of Re 1 per share, with an additional premium of Rs 1.80 per share, bringing the total issue price to Rs 2.80. The distinctive numbers for these new shares range from 221000001 to 231000000.

Risks to watch

Shareholders should be aware that while these shares are now technically part of the tradeable pool on the exchanges, they are subject to a lock-in period. These specific shares cannot be sold or transferred until April 18, 2027. Investors tracking volume metrics should note that this portion of the equity remains temporarily sidelined from market circulation until the lock-in expiry date.