Veefin Solutions Ltd

Veefin Solutions Ltd has received in-principle approval from the National Stock Exchange (NSE) to migrate its equity shares from the BSE SME Platform to the Capital Market Segment (Main Board) of NSE. The company is currently completing the final listing formalities and will inform stakeholders about the effective date of trading on the NSE Mainboard. This migration is a significant step for the company, potentially increasing its visibility and liquidity.

Veefin Solutions Ltd has disclosed that an application has been filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Epikindifi Software and Solutions Private Limited, an alleged step-down subsidiary. Epikindifi claims to be an operational creditor seeking ₹1,27,26,543, comprising alleged invoices and interest. Veefin Solutions strongly disputes the claim, deeming the petition unsubstantiated and not maintainable. The company has issued a notice of dispute and believes the filing is an afterthought related to ongoing arbitration proceedings concerning Epikindifi. Veefin Solutions intends to contest the petition vigorously to protect stakeholder interests and will provide further material updates.

Veefin Solutions reported a blockbuster H1 FY27 performance with consolidated revenue reaching ₹238.82 crore, a 116.2% year-on-year increase. Consolidated EBITDA surged 159.5% to ₹60.81 crore, and Profit After Tax (PAT) jumped 126.5% to ₹24.85 crore. EBITDA margin improved to 25.5% from 21.2%. The company highlighted a strong open opportunity pipeline of ₹920 crore, with 65% from beyond Supply Chain Finance. Standalone revenue grew 83.6% and PAT increased 79.4%. Recurring revenue constituted 82.1% of standalone revenue in H1 FY27, rising to 89.8% in Q2 FY27. Q2 FY27 saw sequential growth in revenue and PAT.

Veefin Solutions Ltd announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved these results in a meeting held on October 26, 2026. The results were reviewed by ADV & Associates, Statutory Auditors. The financial statements comply with Indian Accounting Standard 34 and SEBI Listing Regulations. The full results will be published in newspapers and available on stock exchange and company websites.

Veefin's consolidated (primary) revenue came in at ₹124.66 Cr for Q2 FY27, up 13.3% YoY from ₹110.04 Cr and 9.2% QoQ from ₹114.16 Cr. Consolidated profit after tax was ₹15.32 Cr, but ₹6.30 Cr of that (41%) accrued to non-controlling interests in subsidiaries; profit attributable to Veefin's own shareholders was ₹9.02 Cr (EPS ₹3.53), up 9.9% YoY from ₹8.21 Cr and 30.1% QoQ from ₹6.94 Cr. Standalone (parent-only) numbers were ₹25.86 Cr revenue and ₹6.99 Cr PAT (EPS ₹2.74), confirming the core licensing business is profitable on its own. No street consensus estimates could be found for this stock, so vsStreet is unknown rather than assumed. The operating story strengthened sequentially: segment result (Product + Services) rose to ₹29.55 Cr, 23.7% of revenue, from ₹16.80 Cr (14.7%) in Q1 FY27, with the Product segment's margin jumping to 38.7% from 20.9% QoQ. Year-ago operating margin (OPM) in our records was actually negative (-1.72%) even though net margin was positive (7.37%), implying last year's bottom line leaned on non-operating income or tax items below the operating line — against that low operating base, this quarter's segment profitability looks like a genuine improvement even though headline shareholder-PAT growth (9.9% YoY) trails revenue growth. Finance costs rose to ₹7.75 Cr from ₹5.04 Cr in Q1 FY27 as consolidated non-current borrowings nearly doubled to ₹112.22 Cr (from ₹52.63 Cr at March 31, 2026), funding a ₹39.7 Cr six-month capex/intangible-development spend. Management gave no formal FY27 revenue or margin targets on the last call, so there is no numeric bar to grade against; the one concrete, verifiable commitment — closing the amalgamation of subsidiaries Estorifi Solutions and GlobeTF Solutions into the parent by end-FY27 — remains on track, still awaiting the final NCLT order. No press release or management commentary was available with this filing to cross-check framing against the numbers. During the quarter the company also raised ₹50 Cr via two NCD placements (₹20 Cr on Aug 4, ₹30 Cr on Aug 8), the boards of step-down subsidiaries Nityo Tech and White Rivers Media approved a separate amalgamation scheme (Oct 22, 2026, appointed date April 1, 2026), the ESOP 2023 pool was expanded by 10 lakh shares, and two promoters filed revised share-pledge disclosures — none of which carry a direct P&L impact this quarter but point to continued group restructuring and rising minority-interest exposure.

Veefin Solutions Ltd has announced that its Board of Directors will convene on October 26, 2026. The primary agenda item is to consider and approve the Un-Audited Financial Results for the quarter and half-year ended September 30, 2026, on both standalone and consolidated bases. Additionally, the board will discuss any other matters with the permission of the Chair. The company also confirmed that the trading window for designated persons, which was closed from October 1, 2026, will reopen 48 hours after the financial results are announced.

Veefin Solutions Limited has received revised disclosures from promoter Raja Debnath regarding the creation of an encumbrance (pledge) on his shares. The revised disclosure, submitted on October 19, 2026, complies with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The pledge, created on September 18, 2026, involves 25,69,171 shares, representing 9.64% of the total share capital, and serves as collateral for debt availed by the company. This action impacts Raja Debnath's direct holding to 17.03% and his overall promoter holding to 26.67%. The total promoter shareholding in Veefin Solutions is 34.73%, with 95.26% of this promoter holding being encumbered.

Veefin Solutions Ltd has received revised disclosures from promoter Gautam Udani regarding the creation of encumbrance (pledge) on his shares. The updated filing, submitted on October 19, 2026, complies with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure includes revised Annexure I detailing the lender for the pledged shares and Annexure II explaining the reasons for the encumbrance. The pledge, created on September 9, 2026, serves as collateral for debt availed by the company. Gautam Udani's promoter holding is 5.03% of the total share capital, with 2.73% of his shares now encumbered.

Veefin Solutions Ltd announced an increase in the aggregate number of employee stock options and equity shares reserved under its 'Veefin - Employee Stock Option Plan 2023'. The shareholders approved this increase at the 6th Annual General Meeting held on September 29, 2026. The total number of options has been raised from 38,00,000 to 48,00,000 by creating an additional 10,00,000 options. These options are convertible into equity shares of face value Rs. 10 each. The exercise price will be determined by the Nomination and Remuneration Committee (NRC), not less than the face value and not more than the closing market price on the day prior to the grant. Vesting periods range from 12 to 72 months from the grant date.

Veefin Solutions Ltd has announced the closure of its trading window for all directors, designated persons, and their immediate relatives. This closure will be effective from October 1, 2026, and will continue until 48 hours after the declaration of the company's financial results for the quarter and half-year ended September 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal code of conduct. The exact date of the board meeting to approve these financial results will be communicated separately.