Veefin Solutions promoters pledge shares for INR 65m

Veefin Solutions promoters Gautam Udani and Raja Debnath disclosed the creation of an encumbrance on their shares, according to a filing with the BSE SME platform on June 18, 2025, under SEBI's Substantial Acquisition of Shares and Takeovers Regulations. The shares, pledged as collateral for a term loan, involve 9,13,422 shares held by Gautam Udani and 48,40,196 shares held by Raja Debnath. Post-creation, Gautam Udani's encumbered shares represent 3.74% and Raja Debnath's encumbered shares 19.84% of the total share capital, respectively, with the total amount of INR 65,000,000. The encumbrance was created on June 16, 2025. This was intended to be utilized towards acquisition of shares of White Rivers Media Solutions Private Limited by Infini Systems Limited and Nityo Tech Private Limited. The pledged shares account for 64.87% of the promoters' shareholding and 23.59% of Veefin Solutions' total share capital.