StockWatch
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IT Enabled Services
Shareholding23 Sept 2026, 12:54 pm

Veefin Solutions: Promoter Raja Debnath Encumbers 9.64% Shares

AI Summary

Veefin Solutions Ltd announced that promoter Raja Debnath has encumbered 25,69,171 shares, representing 9.64% of the total share capital. This encumbrance, created on September 18, 2026, is in the form of a pledge and serves as collateral for debt availed by the company. The total promoter shareholding in Veefin Solutions is 34.73%, with Raja Debnath's encumbered shares constituting 80.14% of his promoter holding. The entity in whose favor the shares are encumbered is Axis Trustee Services Limited, a subsidiary of Axis Bank.

Key Highlights

  • Promoter Raja Debnath encumbers 9.64% of Veefin Solutions' shares.
  • Encumbrance is a pledge for company debt, created on September 18, 2026.
  • Axis Trustee Services Limited is the beneficiary of the pledge.
  • Encumbered shares represent 80.14% of Raja Debnath's promoter holding.