Viji Finance Files Newspaper Ad for FY26 Results; Net Profit Surges to Rs. 197.46 Lacs
May 11, 2026
Viji Finance Limited reported a sharp turnaround in FY26, with net profit surging to Rs. 197.46 Lacs from Rs. 16.87 Lacs and total income rising to Rs. 523.99 Lacs from Rs. 292.92 Lacs. The statutory auditors flagged a concern over Rs. 145.47 Lacs in loan repayments made by a director-guarantor instead of borrowers, with two accounts classified as NPA. The Board also approved issuance of 12,75,00,000 convertible warrants on a preferential basis, pending in-principle stock exchange approval.
Viji Finance Limited's Board of Directors, at their meeting held on Wednesday, 6th May, 2026, approved the audited standalone financial results for the quarter and year ended 31st March, 2026. The results, reviewed and recommended by the Audit Committee, were accompanied by an unmodified audit opinion from statutory auditors Dharmendra K Agarwal & Co. (FRN: 025525C), along with the Statement of Assets and Liabilities and Cash Flow Statement. In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company subsequently published an advertisement in Free Press (Indore & Mumbai edition, in English) and Choutha Sansar (in Hindi) on 8th May, 2026, incorporating a Quick Response code and a web link to access the complete audited financial results for the quarter and year ended 31st March, 2026 under Regulation 33. The compliance filing was submitted to BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited on 9th May, 2026, and was signed by Company Secretary Stuti Sinha.
Strong Revenue and Profit Growth in FY26
Viji Finance delivered a marked improvement in financial performance for the year ended 31st March, 2026. Total income rose to Rs. 523.99 Lacs from Rs. 292.92 Lacs in the previous year, primarily driven by a substantial increase in interest income. Total revenue from operations grew to Rs. 508.17 Lacs in FY26 from Rs. 232.51 Lacs in FY25. Total expenses for the year declined to Rs. 259.88 Lacs from Rs. 271.26 Lacs in FY25, contributing to a significant improvement in profitability.
The following table summarises the key financial results for the quarter and year ended 31st March, 2026 (Rs. in Lacs except EPS):
Metric: Q4 FY26 (31.03.2026) Audited Q3 FY26 (31.12.2025) Unaudited Q4 FY25 (31.03.2025) Audited FY26 (Year Ended 31.03.2026) Audited FY25 (Year Ended 31.03.2025) Audited Interest Income: 234.83 159.26 59.24 507.84 228.88 Fees & Commission Income: 0.00 - 0.00 0.33 3.63 Total Revenue from Operations: 234.83 159.26 59.24 508.17 232.51 Other Income: 0.00 -1.53 44.36 15.82 60.41 Total Income: 234.83 157.73 103.60 523.99 292.92 Finance Cost: 7.60 9.91 13.82 52.44 46.50 Employee Benefit Expenses: 8.02 10.53 -6.40 59.11 82.26 Depreciation & Amortisation: 8.01 8.24 8.75 32.65 34.98 Other Expenses: 15.12 17.54 14.03 115.68 107.52 Total Expenses: 38.75 46.22 30.20 259.88 271.26 Profit Before Tax: 196.08 111.51 73.40 264.11 21.66 Net Profit for the Period: 214.61 94.22 67.98 197.46 16.87 Basic EPS (Rs.): 0.15 0.07 0.05 0.14 0.01 Diluted EPS (Rs.): 0.15 0.07 0.05 0.14 0.01
Balance Sheet and Capital Position
As at 31st March, 2026, Viji Finance reported total assets of Rs. 3365.35 Lacs compared to Rs. 3505.39 Lacs as at 31st March, 2025. The loan book stood at Rs. 2943.16 Lacs, up from Rs. 2705.60 Lacs in the prior year. Borrowings (other than debt securities) declined significantly to Rs. 724.89 Lacs from Rs. 1259.72 Lacs, reflecting a reduction in leverage. Equity share capital remained unchanged at Rs. 1425.00 Lacs, while other equity increased to Rs. 911.29 Lacs from Rs. 713.83 Lacs.
Balance Sheet Metric: As at 31.03.2026 (Audited) As at 31.03.2025 (Audited) Total Assets (Rs. Lacs): 3365.35 3505.39 Loans (Rs. Lacs): 2943.16 2705.60 Investments (Rs. Lacs): 194.80 5.02 Cash & Cash Equivalents (Rs. Lacs): 43.67 40.91 Borrowings (Rs. Lacs): 724.89 1259.72 Equity Share Capital (Rs. Lacs): 1425.00 1425.00 Other Equity (Rs. Lacs): 911.29 713.83
Auditor's 'Other Matter' Paragraph: Loan Repayment Concern
While the statutory auditors issued an unmodified opinion on the annual financial results, they included a notable 'Other Matter' paragraph in their report. The auditors observed that during the year, loan accounts of three borrowers aggregating Rs. 145.47 Lacs were repaid by Mr. Vijay Kothari, a director acting as guarantor in a personal capacity, rather than by the borrowers themselves. The auditors noted that the source of funds of the guarantor was not independently verified and flagged that this may indicate stress in the borrowers' financial position and a potential risk of evergreening. The matter was highlighted as requiring further verification regarding the source of funds and appropriate asset classification as per RBI guidelines. The company's notes to the financial results also disclosed that two of the three borrower accounts are under the NPA category, and the guarantor paid the loan amounts of Rs. 145.47 Lakhs during the year.
Warrant Issuance and Corporate Developments
The Board of Directors, at its meeting held on 24th March, 2026, approved the issuance and allotment of 12,75,00,000 warrants, each convertible into an equivalent number of equity shares, on a preferential basis in accordance with Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, subject to member approval. The proposal was subsequently approved by shareholders at an Extra-Ordinary General Meeting held on 23rd April, 2026. In-principle approval from the stock exchanges is currently awaited.
Cash Flow Summary
For the year ended 31st March, 2026, Viji Finance reported net cash flows from operating activities of Rs. 218.88 Lacs, compared to a net outflow of Rs. (287.90) Lacs in the prior year. Net cash used in investing activities was Rs. (189.78) Lacs, primarily on account of purchase of investments at FTPL. Net cash used in financing activities was Rs. -534.83 Lacs, reflecting repayment of borrowings of Rs. (534.83) Lacs. Cash and cash equivalents at the end of the period stood at Rs. 43.67 Lacs, compared to Rs. 549.40 Lacs at the beginning of the period.
Viji Finance Limited held its Extra Ordinary General Meeting (EGM) on Thursday, April 23, 2026, through video conference and other audio-visual means in compliance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The meeting commenced at 11:33 A.M. IST and concluded at 11:42 A.M., with the Registered Office deemed as the venue for proceedings. A total of 36 members attended through VC/OAVM out of 62,937 members as on the cut-off date of April 16, 2026.
Meeting Leadership and Attendance
Mr. Ashish Verma, Non-Executive Non-Independent Director, was appointed as Chairman for the meeting as Mr. Vijay Kothari, Chairman & Managing Director, participated virtually due to health issues. The following directors and key management personnel were present:
S. No. Name of the Directors Designation 1 Mr. Vijay Kothari Chairman & Managing Director 2 Ms. Sakshi Chourasiya Independent Director, Chairperson of Audit, NRC and SRC Committee 3 Ms. Palak Malviya Independent Director 4 Mr. Ashish Verma Non-Executive Non-Independent Director 5 Ms. Stuti Sinha Company Secretary & Compliance Officer 6 Mr. Siddhant Sharma Chief Financial Officer
Warrant Issuance Details
The EGM considered and approved one special resolution for the issuance of 12,75,00,000 warrants convertible into equity shares of Re.1/- each on a preferential basis to non-promoter/other persons. The key terms of the warrant issuance are as follows:
Parameter: Details Total Warrants: 12,75,00,000 Issue Price per Warrant: ₹2.80 Total Issue Size: ₹35,70,00,000 Face Value: ₹1.00 per equity share Nature of Consideration: Cash Conversion Period: 18 months from allotment date
Voting Results and Compliance
Following the EGM, the company submitted comprehensive voting results to BSE, NSE, and the Calcutta Stock Exchange under Regulation 44(3) of SEBI (LODR) Regulations, 2015. The voting process was scrutinized by Mr. L.N. Joshi, Practicing Company Secretary (FCS: 5201), who was appointed as scrutinizer on March 24, 2026.
Voting Category: Votes in Favor Votes Against Approval Rate Promoter and Promoter Group: 67,944,002 0 100.00% Public Non-Institutions: 3,111,395 7,320 99.77% Overall Result: 71,055,397 7,320 99.99%
Remote e-voting commenced at 9:00 a.m. IST on Monday, April 20, 2026, and concluded at 5:00 p.m. IST on Wednesday, April 22, 2026. Out of 142,500,000 total shares, 71,062,717 votes were polled, representing 49.87% of the outstanding shares.
Major Investors and Allocation
The warrants have been allocated to 22 non-promoter investors, with the largest allocations going to:
Investor Name: Warrant Allocation Consideration Amount (₹) Vicky R. Jhaveri Huf 1,30,00,000 3,64,00,000 Rajesh Nanubhai Jhaveri Huf 1,30,00,000 3,64,00,000 Harsha Rajesh Jhaveri 1,30,00,000 3,64,00,000 Manoj Chhaganlal Rathod 1,00,00,000 2,80,00,000
Warrant Terms and Conditions
Each warrant is convertible into one equity share within eighteen months from the date of allotment. An amount equivalent to 25% of the consideration shall be payable at the time of subscription and allotment of warrants, while the remaining 75% shall be payable upon exercise of options. In the event that proposed allottees do not exercise the option for equity shares against any warrants within the eighteen-month period, the unexercised warrants shall lapse, and the consideration paid shall be forfeited by the company.
The voting results and consolidated scrutinizer report have been uploaded on the company's website at www.vijifinance.com and on CDSL's website at www.evotingindia.com for public access.
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Strong Revenue and Profit Growth in FY26
Viji Finance delivered a marked improvement in financial performance for the year ended 31st March, 2026. Total income rose to Rs. 523.99 Lacs from Rs. 292.92 Lacs in the previous year, primarily driven by a substantial increase in interest income. Total revenue from operations grew to Rs. 508.17 Lacs in FY26 from Rs. 232.51 Lacs in FY25. Total expenses for the year declined to Rs. 259.88 Lacs from Rs. 271.26 Lacs in FY25, contributing to a significant improvement in profitability.
The following table summarises the key financial results for the quarter and year ended 31st March, 2026 (Rs. in Lacs except EPS):
Metric: Q4 FY26 (31.03.2026) Audited Q3 FY26 (31.12.2025) Unaudited Q4 FY25 (31.03.2025) Audited FY26 (Year Ended 31.03.2026) Audited FY25 (Year Ended 31.03.2025) Audited Interest Income: 234.83 159.26 59.24 507.84 228.88 Fees & Commission Income: 0.00 - 0.00 0.33 3.63 Total Revenue from Operations: 234.83 159.26 59.24 508.17 232.51 Other Income: 0.00 -1.53 44.36 15.82 60.41 Total Income: 234.83 157.73 103.60 523.99 292.92 Finance Cost: 7.60 9.91 13.82 52.44 46.50 Employee Benefit Expenses: 8.02 10.53 -6.40 59.11 82.26 Depreciation & Amortisation: 8.01 8.24 8.75 32.65 34.98 Other Expenses: 15.12 17.54 14.03 115.68 107.52 Total Expenses: 38.75 46.22 30.20 259.88 271.26 Profit Before Tax: 196.08 111.51 73.40 264.11 21.66 Net Profit for the Period: 214.61 94.22 67.98 197.46 16.87 Basic EPS (Rs.): 0.15 0.07 0.05 0.14 0.01 Diluted EPS (Rs.): 0.15 0.07 0.05 0.14 0.01
Balance Sheet and Capital Position
As at 31st March, 2026, Viji Finance reported total assets of Rs. 3365.35 Lacs compared to Rs. 3505.39 Lacs as at 31st March, 2025. The loan book stood at Rs. 2943.16 Lacs, up from Rs. 2705.60 Lacs in the prior year. Borrowings (other than debt securities) declined significantly to Rs. 724.89 Lacs from Rs. 1259.72 Lacs, reflecting a reduction in leverage. Equity share capital remained unchanged at Rs. 1425.00 Lacs, while other equity increased to Rs. 911.29 Lacs from Rs. 713.83 Lacs.
Balance Sheet Metric: As at 31.03.2026 (Audited) As at 31.03.2025 (Audited) Total Assets (Rs. Lacs): 3365.35 3505.39 Loans (Rs. Lacs): 2943.16 2705.60 Investments (Rs. Lacs): 194.80 5.02 Cash & Cash Equivalents (Rs. Lacs): 43.67 40.91 Borrowings (Rs. Lacs): 724.89 1259.72 Equity Share Capital (Rs. Lacs): 1425.00 1425.00 Other Equity (Rs. Lacs): 911.29 713.83
Auditor's 'Other Matter' Paragraph: Loan Repayment Concern
While the statutory auditors issued an unmodified opinion on the annual financial results, they included a notable 'Other Matter' paragraph in their report. The auditors observed that during the year, loan accounts of three borrowers aggregating Rs. 145.47 Lacs were repaid by Mr. Vijay Kothari, a director acting as guarantor in a personal capacity, rather than by the borrowers themselves. The auditors noted that the source of funds of the guarantor was not independently verified and flagged that this may indicate stress in the borrowers' financial position and a potential risk of evergreening. The matter was highlighted as requiring further verification regarding the source of funds and appropriate asset classification as per RBI guidelines. The company's notes to the financial results also disclosed that two of the three borrower accounts are under the NPA category, and the guarantor paid the loan amounts of Rs. 145.47 Lakhs during the year.
Warrant Issuance and Corporate Developments
The Board of Directors, at its meeting held on 24th March, 2026, approved the issuance and allotment of 12,75,00,000 warrants, each convertible into an equivalent number of equity shares, on a preferential basis in accordance with Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, subject to member approval. The proposal was subsequently approved by shareholders at an Extra-Ordinary General Meeting held on 23rd April, 2026. In-principle approval from the stock exchanges is currently awaited.
Cash Flow Summary
For the year ended 31st March, 2026, Viji Finance reported net cash flows from operating activities of Rs. 218.88 Lacs, compared to a net outflow of Rs. (287.90) Lacs in the prior year. Net cash used in investing activities was Rs. (189.78) Lacs, primarily on account of purchase of investments at FTPL. Net cash used in financing activities was Rs. -534.83 Lacs, reflecting repayment of borrowings of Rs. (534.83) Lacs. Cash and cash equivalents at the end of the period stood at Rs. 43.67 Lacs, compared to Rs. 549.40 Lacs at the beginning of the period.
Viji Finance Limited held its Extra Ordinary General Meeting (EGM) on Thursday, April 23, 2026, through video conference and other audio-visual means in compliance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The meeting commenced at 11:33 A.M. IST and concluded at 11:42 A.M., with the Registered Office deemed as the venue for proceedings. A total of 36 members attended through VC/OAVM out of 62,937 members as on the cut-off date of April 16, 2026.
Meeting Leadership and Attendance
Mr. Ashish Verma, Non-Executive Non-Independent Director, was appointed as Chairman for the meeting as Mr. Vijay Kothari, Chairman & Managing Director, participated virtually due to health issues. The following directors and key management personnel were present:
S. No. Name of the Directors Designation 1 Mr. Vijay Kothari Chairman & Managing Director 2 Ms. Sakshi Chourasiya Independent Director, Chairperson of Audit, NRC and SRC Committee 3 Ms. Palak Malviya Independent Director 4 Mr. Ashish Verma Non-Executive Non-Independent Director 5 Ms. Stuti Sinha Company Secretary & Compliance Officer 6 Mr. Siddhant Sharma Chief Financial Officer
Warrant Issuance Details
The EGM considered and approved one special resolution for the issuance of 12,75,00,000 warrants convertible into equity shares of Re.1/- each on a preferential basis to non-promoter/other persons. The key terms of the warrant issuance are as follows:
Parameter: Details Total Warrants: 12,75,00,000 Issue Price per Warrant: ₹2.80 Total Issue Size: ₹35,70,00,000 Face Value: ₹1.00 per equity share Nature of Consideration: Cash Conversion Period: 18 months from allotment date
Voting Results and Compliance
Following the EGM, the company submitted comprehensive voting results to BSE, NSE, and the Calcutta Stock Exchange under Regulation 44(3) of SEBI (LODR) Regulations, 2015. The voting process was scrutinized by Mr. L.N. Joshi, Practicing Company Secretary (FCS: 5201), who was appointed as scrutinizer on March 24, 2026.
Voting Category: Votes in Favor Votes Against Approval Rate Promoter and Promoter Group: 67,944,002 0 100.00% Public Non-Institutions: 3,111,395 7,320 99.77% Overall Result: 71,055,397 7,320 99.99%
Remote e-voting commenced at 9:00 a.m. IST on Monday, April 20, 2026, and concluded at 5:00 p.m. IST on Wednesday, April 22, 2026. Out of 142,500,000 total shares, 71,062,717 votes were polled, representing 49.87% of the outstanding shares.
Major Investors and Allocation
The warrants have been allocated to 22 non-promoter investors, with the largest allocations going to:
Investor Name: Warrant Allocation Consideration Amount (₹) Vicky R. Jhaveri Huf 1,30,00,000 3,64,00,000 Rajesh Nanubhai Jhaveri Huf 1,30,00,000 3,64,00,000 Harsha Rajesh Jhaveri 1,30,00,000 3,64,00,000 Manoj Chhaganlal Rathod 1,00,00,000 2,80,00,000
Warrant Terms and Conditions
Each warrant is convertible into one equity share within eighteen months from the date of allotment. An amount equivalent to 25% of the consideration shall be payable at the time of subscription and allotment of warrants, while the remaining 75% shall be payable upon exercise of options. In the event that proposed allottees do not exercise the option for equity shares against any warrants within the eighteen-month period, the unexercised warrants shall lapse, and the consideration paid shall be forfeited by the company.
The voting results and consolidated scrutinizer report have been uploaded on the company's website at www.vijifinance.com and on CDSL's website at www.evotingindia.com for public access.
We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.
Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.
As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.
We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.
Disclaimer:
The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.
This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.
The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.
We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.
This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.
By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.
We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.