Veefin Solutions Promoters Modify Share Pledge for Debt
Veefin Solutions Limited promoters Gautam Udani and Raja Debnath have submitted disclosures regarding the modification and extension of share pledges. These encumbrances are collateral for debt availed by the company, specifically related to unrated, unlisted, secured, redeemable, non-convertible debentures aggregating up to INR 35 Crore. The disclosures are made in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The modification involves an amended and restated pledge deed executed on July 29, 2026, extending the pledge in favour of a trustee for debenture holders. This action is a standard regulatory disclosure concerning promoter shareholdings and corporate debt.
Key Highlights
- Promoters Gautam Udani and Raja Debnath modified share pledges.
- Pledges serve as collateral for company debt via debentures.
- Total aggregate principal amount for debentures is up to ₹35 Crore.
- Disclosure filed under SEBI (SAST) Regulations, 2011.
- Modification relates to an amended and restated pledge deed.
Price Impact
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