Shareholding12 Sept 2026, 01:32 pm
Veefin Solutions: Gautam Udani Encumbers 6.12 Lakh Shares
AI Summary
Gautam Udani, a promoter of Veefin Solutions Ltd, has encumbered 6,12,647 shares, representing 2.30% of the total share capital. This action, reported on September 11, 2026, is a creation of a pledge to provide collateral for debt availed by the company. The shares are pledged in favour of Axis Trustee Services Limited. This disclosure is made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Promoter Gautam Udani pledged 6.12 lakh shares (2.30% of total capital).
- Encumbrance is for collateral against company debt.
- Shares pledged to Axis Trustee Services Limited.
- Disclosure filed under SEBI Takeover Regulations.
- Total promoter shareholding in Veefin Solutions is 66.30%.
Price Impact
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