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Viji Finance Q3 FY26 Net Profit at ₹94.22 Lakhs; Turnaround from YoY Loss
Viji Finance Limited reported a significant turnaround in Q3 FY26, posting a net profit of ₹94.22 lakhs compared to a net loss of ₹9.56 lakhs in the same quarter last year. Total revenue from operations surged to ₹159.26 lakhs, a sharp increase from ₹59.30 lakhs YoY, driven primarily by higher interest income. For the nine-month period ended December 2025, the company turned profitable with a net profit of ₹51.53 lakhs against a loss of ₹51.11 lakhs in the previous year. Total expenses for the quarter were well-managed at ₹46.22 lakhs, down from ₹84.11 lakhs in the year-ago period.
Key Highlights
Net Profit turned positive at ₹94.22 lakhs in Q3 FY26 vs a loss of ₹9.56 lakhs in Q3 FY25.
Revenue from operations grew 169% YoY to ₹159.26 lakhs, up from ₹59.30 lakhs.
Total expenses decreased by 45% YoY to ₹46.22 lakhs from ₹84.11 lakhs in the previous year.
9M FY26 performance shows a complete turnaround with a profit of ₹51.53 lakhs vs a loss of ₹51.11 lakhs YoY.
Earnings Per Share (EPS) improved to ₹0.07 for the quarter from a negative ₹0.01 YoY.
💼 Action for Investors
Investors should note the sharp turnaround in profitability and revenue growth, though the absolute figures remain small. It is advisable to monitor if this sudden spike in interest income is sustainable in future quarters.
Viji Finance Increases Authorized Share Capital to ₹30 Crore; Appoints New Director
Viji Finance Limited's shareholders approved an increase in authorized share capital from ₹18 crore to ₹30 crore during the 31st AGM held on December 31, 2025. This 66.67% increase involves the creation of 12 crore new equity shares of ₹1 each, which typically signals preparation for future capital raising activities. Additionally, the company confirmed the appointment of Mr. Ashish Verma as a Non-Executive Director and Ramesh Chandra Bagdi & Associates as Secretarial Auditors for a five-year term. These structural changes align the company's corporate framework for potential expansion or equity infusion.
Key Highlights
Authorized Share Capital increased from ₹18,00,00,000 to ₹30,00,00,000.
Creation of 12,00,00,000 additional equity shares with a face value of ₹1 each.
Confirmation of Mr. Ashish Verma (DIN: 07665222) as Professional Non-Executive Non-Independent Director.
Appointment of Ramesh Chandra Bagdi & Associates as Secretarial Auditor for a 5-year tenure (FY 2025-26 to 2029-30).
💼 Action for Investors
Investors should watch for subsequent announcements regarding specific fundraising plans, such as rights issues or preferential allotments, that would utilize this increased capital headroom.
Viji Finance Increases Authorized Capital to ₹30 Cr and Confirms New Director Appointment
Viji Finance Limited's shareholders approved a significant increase in Authorized Share Capital from ₹18 Crores to ₹30 Crores during the 31st AGM held on December 31, 2025. The company also confirmed the appointment of Mr. Ashish Verma as a Professional Non-Executive Non-Independent Director, who brings 38 years of administrative experience. Furthermore, Ramesh Chandra Bagdi & Associates were appointed as Secretarial Auditors for a five-year period ending in FY 2029-30. These moves indicate a strengthening of the corporate structure and preparation for potential future capital expansion.
Key Highlights
Authorized Share Capital increased by 66.6% from ₹18,00,00,000 to ₹30,00,00,000
Creation of 12,00,00,000 additional equity shares of face value ₹1 each
Mr. Ashish Verma (DIN: 07665222) confirmed as Non-Executive Non-Independent Director
Ramesh Chandra Bagdi & Associates appointed as Secretarial Auditor for a 5-year term (FY 2025-2030)
💼 Action for Investors
Investors should monitor for upcoming fund-raising announcements, such as a rights issue or preferential allotment, which typically follow an increase in authorized capital. The management changes are routine and do not require immediate portfolio adjustments.
Viji Finance Concludes 31st AGM; Approves Fundraise and Capital Increase
Viji Finance Limited held its 31st Annual General Meeting on December 31, 2025, with 36 members attending via video conference. Shareholders approved several critical resolutions, including the raising of funds through loans with an option to convert into equity shares. The meeting also saw the approval of an increase in Authorized Share Capital and material related party transactions with the Chairman and Managing Director, Vijay Kothari. These moves indicate a strategic push for capital expansion and potential future growth through debt-to-equity instruments.
Key Highlights
Approved raising funds through secured/unsecured loans with an option for conversion into equity shares.
Authorized an increase in the company's Authorized Share Capital and consequent alteration of the Memorandum of Association.
Approved material related party transactions with Mr. Vijay Kothari, Chairman and Managing Director.
Granted special authority to the Board to borrow money and create charges on movable and immovable properties.
Total of 63,425 members were eligible as of the December 24, 2025 cut-off date, with 36 members attending the virtual meeting.
💼 Action for Investors
Investors should monitor the specific quantum of the proposed fundraise and the terms of the equity conversion option, as this could lead to future equity dilution. It is also advisable to review the details of the approved related party transactions for any impact on minority shareholder interests.
Viji Finance 31st AGM: Shareholders Consider Fundraising via Convertible Loans and Capital Increase
Viji Finance Limited held its 31st Annual General Meeting on December 31, 2025, to transact eight key resolutions including the adoption of FY25 financial statements. Major proposals included authorizing the board to borrow funds and raise capital through loans with an option for conversion into equity shares. Additionally, the company sought approval for an increase in authorized share capital and material related party transactions with the Managing Director. While the statutory auditor's report was clean, the secretarial auditor's report contained observations that management stated would not impact operations.
Key Highlights
Proposed raising funds through secured/unsecured loans with an option for conversion into equity shares.
Sought shareholder approval to increase Authorized Share Capital and alter the Memorandum of Association.
Tabled special resolutions to authorize the Board to borrow money and create charges on company properties.
Requested approval for Material Related Party Transactions with Chairman and MD Mr. Vijay Kothari.
The meeting was attended by 36 members via video conferencing, with remote e-voting held from December 28 to 30, 2025.
💼 Action for Investors
Investors should closely monitor the final voting results and the specific terms of the convertible loans, as equity conversion could lead to future share dilution. It is also advisable to review the details of the material related party transactions involving the Managing Director.
Viji Finance Board Approves Increase in Authorized Share Capital to ₹30 Crore
Viji Finance Limited has announced a proposal to increase its authorized share capital from ₹18 crore to ₹30 crore. This change involves increasing the total number of equity shares from 18 crore to 30 crore, each with a face value of ₹1. The Board of Directors approved the amendment to the Memorandum of Association (MOA) on December 8, 2025. This expansion of capital headroom is subject to final approval by shareholders at the upcoming Annual General Meeting.
Key Highlights
Authorized share capital to be increased from ₹18.00 crore to ₹30.00 crore
Total number of equity shares will rise from 18,00,00,000 to 30,00,00,000
Face value of shares remains unchanged at ₹1 per share
Amendment to Clause V of the Memorandum of Association approved by the Board
Implementation is subject to shareholder approval at the ensuing AGM
💼 Action for Investors
Investors should watch for subsequent announcements regarding the specific purpose of this increase, such as a potential rights issue, bonus issue, or private placement. No immediate action is required until the company clarifies how it intends to utilize the additional capital headroom.
Viji Finance Announces Cessation of Two Directors Due to Lack of Shareholder Approval
Viji Finance Limited has announced the cessation of CA Anchit Garg (Independent Director) and Mr. Nikhilkumar Ramaniklal Sanghvi (Non-Executive Director) effective December 8, 2025. The exits were triggered by the company's failure to obtain shareholder approval within the mandatory timeline prescribed under SEBI Regulation 17(1C). This regulation requires shareholder confirmation for director appointments at the next general meeting or within three months, whichever is earlier. The company confirmed there are no other material reasons for these departures beyond the regulatory non-compliance.
Key Highlights
Cessation of CA Anchit Garg (Independent Director) and Mr. Nikhilkumar Ramaniklal Sanghvi (Non-Executive Director) effective Dec 8, 2025.
The removal is due to non-receipt of shareholder approval within the stipulated timeline under SEBI Regulation 17(1C).
Company states no other material reasons exist for the cessation of these directors.
The board meeting regarding these disclosures concluded at 5:30 p.m. on December 8, 2025.
💼 Action for Investors
Investors should monitor the company's upcoming board appointments to ensure it maintains the required number of independent directors. The failure to secure shareholder approval may suggest either a procedural lapse by management or a lack of support from institutional/large shareholders.
Viji Finance to Increase Authorized Capital to ₹30 Cr; Major Board Reshuffle Announced
Viji Finance has approved a significant increase in its authorized share capital from ₹18.00 crore to ₹30.00 crore, indicating potential future equity expansion. The company is undergoing a major management overhaul, including the resignation of Whole-Time Director Mr. Nitesh Gupta and the cessation of two other directors due to lack of timely shareholder approval. Mr. Ashish Verma has been appointed as an Additional Director to stabilize the board. Shareholders will vote on these changes at the upcoming 31st Annual General Meeting scheduled for December 31, 2025.
Key Highlights
Authorized Share Capital increased by 66.6% from ₹18.00 Crore to ₹30.00 Crore.
Resignation of Mr. Nitesh Gupta as Whole-Time Director and Key Managerial Personnel.
Cessation of CA Anchit Garg and Mr. Nikhilkumar Sanghvi as directors due to non-receipt of shareholder approval under SEBI Regulation 17(1C).
Appointment of Mr. Ashish Verma as Additional Director and reconstitution of Audit and NRC committees.
31st Annual General Meeting (AGM) convened for December 31, 2025, via video conferencing.
💼 Action for Investors
Investors should exercise caution and monitor the 31st AGM for clarity on the company's future fundraising plans and the reasons behind the failure to secure shareholder approval for previous director appointments. The high management turnover is a governance signal that requires close observation.