StockWatch
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IT Enabled Services
Shareholding8 Sept 2026, 02:00 pm

Veefin Solutions: Promoter Raja Debnath Encumbers 8.9 Lakh Shares

AI Summary

Veefin Solutions Limited has reported the encumbrance of 8,89,973 equity shares by promoter Raja Debnath. The shares were pledged with Kotak Mahindra Bank Limited on September 3, 2026, as collateral for a term loan. This action represents 3.34% of the company's total share capital and 10.03% of Raja Debnath's total promoter shareholding. The value of the encumbered shares on the date of the event was approximately INR 21.07 crore. This disclosure is made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Key Highlights

  • Promoter Raja Debnath pledged 8,89,973 shares of Veefin Solutions.
  • Encumbrance is for collateral against a term loan from Kotak Mahindra Bank.
  • Pledged shares represent 3.34% of total share capital.
  • Disclosure made under SEBI Takeover Regulations.