Meeting Details

The 32nd Annual General Meeting (AGM) of Viji Finance Limited was held on Thursday, 13th August, 2026 through video conference (VC) / other audiovisual means (OAVM) in accordance with relevant circulars issued by the Ministry of Corporate Affairs, Government of India and the Securities and Exchange Board of India.

The meeting commenced at 11:34 A.M. (IST) and concluded at 11:49 A.M. (IST).

The Registered Office at 11/2, Usha Ganj, Jaora Compound, Indore (M.P.)-452001 was deemed as the venue for the meeting.

Attendance Details

Total Members as on cut-off date 6th August, 2026: 60,434

Members present: 35 Members attended through video conference (VC)/ other audio-visual means (OAVM)

Directors and KMPs Present:

  • Mr. Vijay Kothari - Chairman & Managing Director (connected virtually due to health issues)
  • Mr. Aryaman Kothari - Whole-Time Director
  • Mr. Ashish Verma - Non-Executive Non-Independent Director (appointed Chairman for the meeting)
  • Ms. Sakshi Chourasiya - Independent Director, Chairperson of Audit, NRC and SRC Committee
  • Ms. Palak Malviya - Independent Director
  • Mr. Prakash Muksiya - Independent Director
  • Ms. Stuti Sinha - Company Secretary & Compliance Officer
  • Mr. Siddhant Sharma - Chief Financial Officer

Other Attendees: Statutory Auditors, Secretarial Auditors, and scrutinizer were also present through VC/OAVM.

Meeting Proceedings

Due to health issues, Mr. Vijay Kothari, Chairman & MD, connected virtually and did not act as Chairman. In accordance with Clause 5.1 of Secretarial Standard 2, Mr. Ashish Verma was appointed as Chairman for the meeting with consent of other Board members.

The requisite quorum was present, and the meeting was called in order.

Remote e-voting commenced at 9:00 a.m. (IST) on Monday, 10th August, 2026 and concluded at 5:00 p.m. (IST) on Wednesday, 12th August, 2026.

Mr. Ashish Verma briefed shareholders about business performance, cyber threats, expansion through opening of branches, and expanding financial services along with future outlooks.

Agenda Items Transacted

Seven resolutions were considered and approved:

1. Ordinary Resolution: Consideration and adoption of Audited Financial Statement of the Company together with Reports of the Board of Directors and the Auditors thereon for the financial year ended March 31, 2026

2. Ordinary Resolution: Appointment of Director in place of Mr. Ashish Verma (DIN: 07665222), Non-Executive Director, who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible offers himself for re-appointment

3. Ordinary Resolution: Increase in Authorized Share Capital and Consequent Alteration of the Memorandum of Association of the Company

4. Special Resolution: Confirmation of Appointment of Mr. Aryaman Kothari (DIN: 09324877) as Director as well as Whole Time Director of the company and payment of remuneration

5. Special Resolution: Appointment of Mr. Prakash Muksiya (DIN: 11786103) as a Non-Executive Independent Director of the Company

6. Special Resolution: Re-appointment of Ms. Sakshi Chourasiya (DIN: 09370037) as a Non-Executive Independent Director for a second term of five years

7. Ordinary Resolution: Approval of Material Related Party Transaction(s) with Mr. Vijay Kothari, Chairman and Managing Director of the Company

Auditor Reports

The Reports of the Statutory Auditor on the financial statements did not contain any qualification or adverse remarks and hence were not required to be read.

The observation made by secretarial auditor in their report is self-explanatory and shall not have any adverse effect on the functioning of the Company.

Voting Methodology

Voting was conducted through:

  • Remote e-voting facility provided to members
  • E-voting during the AGM for members present through VC/OAVM who had not cast votes through remote e-voting

Mr. L. N. Joshi, Practicing Company Secretary, was authorized to scrutinize remote e-voting process and e-voting during the AGM.