Shareholding14 Aug 2026, 06:02 pm
Veefin Solutions: Promoters Pledge Shares for Debt
AI Summary
Veefin Solutions Limited has filed disclosures regarding the encumbrance of shares by its promoters, Gautam Udani and Raja Debnath. The encumbrance, specifically a pledge, was created on August 7, 2026, to serve as collateral for debt availed or to be availed by the company. Promoter Raja Debnath has pledged 88,69,525 shares, representing 26.45% of the company's capital and 79.48% of his promoter holding. Gautam Udani has pledged 4,12,574 shares, representing 1.55% of the company's capital and 4.98% of his promoter holding. These pledges are considered significant as they represent more than 50% of the promoter's shareholding and more than 20% of the total share capital.
Key Highlights
- Promoters Gautam Udani and Raja Debnath have pledged shares in Veefin Solutions.
- The pledges are for collateral against company debt.
- Raja Debnath pledged 26.45% of company capital.
- Gautam Udani pledged 1.55% of company capital.
- Encumbrance exceeds 50% of promoter holdings and 20% of total capital.
Price Impact
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