Veefin Solutions Ltd

Gautam Udani, a promoter of Veefin Solutions Ltd, has encumbered 6,12,647 shares, representing 2.30% of the total share capital. This action, reported on September 11, 2026, is a creation of a pledge to provide collateral for debt availed by the company. The shares are pledged in favour of Axis Trustee Services Limited. This disclosure is made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Veefin Solutions Ltd announced that promoter Gautam Udani has encumbered 7,28,767 shares, representing 2.73% of the total share capital. This encumbrance, created on September 9, 2026, is a pledge serving as collateral for debt availed by the company. The shares are pledged in favour of Axis Trustee Services Limited, a SEBI-registered debenture trustee and subsidiary of Axis Bank Limited. This disclosure is made in accordance with SEBI (SAST) Regulations, 2011. The total promoter shareholding in Veefin Solutions is 34.73%.

Veefin Solutions Limited has initiated the process to migrate its equity shares from the BSE SME Platform to the Main Board of BSE Limited and plans a direct listing on the Main Board of the National Stock Exchange of India Limited (NSE). The company has submitted its Information Memorandum to BSE for migration. This move signifies Veefin's growth since its SME listing in July 2023, reflecting its evolution into a broader enterprise banking technology company with an expanded product portfolio and market presence. The migration and listing are subject to regulatory and exchange approvals.

Veefin Solutions Limited announced that promoter Raja Debnath has created an encumbrance by pledging 8,89,973 shares, representing 3.34% of the total share capital, in favour of Kotak Mahindra Bank Limited. This pledge is for collateral against a Term Loan. The disclosure is made under SEBI (SAST) Regulations, 2011. Raja Debnath's total promoter shareholding is 88,69,525 shares (34.73% of total share capital), with 17.03% of his holding now encumbered.

Veefin Solutions Limited has reported the encumbrance of 8,89,973 equity shares by promoter Raja Debnath. The shares were pledged with Kotak Mahindra Bank Limited on September 3, 2026, as collateral for a term loan. This action represents 3.34% of the company's total share capital and 10.03% of Raja Debnath's total promoter shareholding. The value of the encumbered shares on the date of the event was approximately INR 21.07 crore. This disclosure is made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Veefin Solutions Ltd has dispatched letters to shareholders without registered email addresses containing a weblink and QR code for the Notice of the 6th Annual General Meeting (AGM) and the Annual Report for FY 2025-26. The AGM is scheduled for Tuesday, September 29th, 2026, at 05:30 PM IST, to be held via Video Conferencing/Other Audio Visual Means. Key dates include a cut-off for e-voting on September 22nd, 2026, with e-voting commencing September 26th and concluding September 28th, 2026. The Annual Report is also available on the BSE website.

Veefin Solutions Ltd has submitted its 6th Annual Report for the financial year 2025-2026, as per SEBI Listing Regulations. The report, sent to shareholders via email and available on the company website (www.veefin.com), details the company's performance and strategic direction. Veefin positions itself as a global enterprise software company focused on mission-critical platforms for financial institutions, emphasizing its unified, microservices-based architecture designed to accelerate digital transformation and enhance resilience in banking businesses. The report covers financial statements, corporate overview, and statutory reports, highlighting the company's evolution into a broader banking technology provider.

Veefin Solutions Ltd has issued a notice for its 6th Annual General Meeting (AGM) to be held on Tuesday, September 29, 2026, at 05:30 P.M. via Video Conference (VC) or Other Audio Visual Means (OAVM). The AGM will cover ordinary business, including the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, and the re-appointment of a director retiring by rotation. Special business includes seeking approval under Section 180(1)(a) of the Companies Act, 2013, to authorize the Board of Directors to mortgage, hypothecate, pledge, and charge the company's assets for securing borrowings up to INR 500 Crores.

Veefin Solutions Ltd announced that Gautam Udani and Raja Debnath, promoters of the company, have released a portion of their encumbered shares. Gautam Udani released 13,86,214 shares (5.43% of total holding) and Raja Debnath released 4,83,311 shares (29.30% of total holding). The release pertains to pledged shares with Piramal Finance Limited, facilitated by Piramal Trusteeship Services Private Limited. This action indicates a potential reduction in promoter leverage and increased free float of shares.

Veefin Solutions Ltd's Board of Directors met on September 2, 2026, approving key corporate actions. The 6th Annual General Meeting is scheduled for September 29, 2026. The board approved the appointment of Mr. Ajay Rajendran as Director and M/s. Mittal & Associates as Internal Auditors for FY27. Significant approvals include an increase in employee stock options under ESOP 2023 to 48,00,000, and enhancements to borrowing and investment limits under Sections 180(1)(a), 180(1)(c), 185, and 186 of the Companies Act, 2013, each up to ₹500 crores, subject to shareholder approval. The board also noted and clarified a ₹5,900 fine levied by BSE for delayed disclosure of related party transactions due to a technical error.