Viji Finance Limited — Important, 28-05-2026: Disclosure of material issue

VIJI FINANCE (#VIJIFIN) Update: BSE & NSE have fined the company Rs. 1.357 Lakh each for allegedly not meeting board director requirements (minimum 6 directors for top 2000 listed firms).

Company's Stance: VIJI FINANCE disputes the fines, arguing it's *not* a top 2000 listed entity, so these specific rules don't apply. They're preparing to challenge the fines with the exchanges.

Investor Impact: The company states there's 'no material impact' beyond the approximately Rs. 2.714 Lakh total fine. Keep an eye on their representation to the exchanges. #CorporateGovernance #SEBI