Nature and Purpose of the Meeting
The Preferential Allotment Committee of the Board of Directors met to approve documents for a preferential issuance of warrants to non-promoters/other persons.
Details of Resolutions Passed
- Approved Private Placement Offer-cum-Application Letter (Form PAS-4) and Application Form for issuance of 12,75,00,000 warrants
- Warrants are convertible into equivalent number of equity shares of Re. 1/- each
- Price per warrant: ₹2.80 (including premium of ₹1.80 per warrant)
- Allottees: Non-promoters/other persons
- Consideration: Cash
- Based on special resolution passed by members at Extra-Ordinary General Meeting held on 23rd April 2026
Financial Impact
- Total potential capital raised: ₹35.70 crore (12,75,00,000 warrants × ₹2.80)
- The document does not specify the use of proceeds from the fund raise.
Timing of the Meeting
- Commenced: 03:15 P.M.
- Concluded: 04:00 P.M.
- Date: Monday, 08th June 2026
Compliance References
- Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013
- Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
- In-principle approvals received from BSE and NSE
Other Material Disclosure
- The information will be available on company website: www.vijifinance.com
- Signed by Vijay Kothari, Chairman & Managing Director (DIN: 00172878)