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Loan & Debt7 Aug 2026, 10:47 am

Veefin Solutions Promoters Modify Pledge for ₹35 Cr Debt

AI Summary

Veefin Solutions Limited's promoters, Gautam Udani and Raja Debnath, have disclosed modifications to their share pledges. The encumbrance, specifically a modification of pledge, was created on August 6, 2026, to secure debt availed by the company. The lenders are Venture Debt Fund and Growth Debt Fund II. This disclosure is made under SEBI (SAST) Regulations, 2011, as the amended pledge deed secures outstanding amounts under non-convertible debentures up to ₹35 crore. The original pledge deed was amended and restated on July 29, 2026.

Key Highlights

  • Promoters modified share pledges to secure company debt.
  • Encumbrance relates to non-convertible debentures up to ₹35 crore.
  • Disclosure made under SEBI (SAST) Regulations, 2011.
  • Pledge modified on July 29, 2026, disclosed August 6, 2026.