Veefin Solutions allots warrants and equity shares in preferential issue

Veefin Solutions Limited announced the allotment of 1,112,820 convertible warrants and 614,731 fully paid-up equity shares on a preferential basis. This follows shareholder approval on October 13, 2025, and in-principle approval from BSE Limited on December 10, 2025. The company’s board of directors approved this allotment on December 24, 2025.

Veefin Solutions received an upfront payment of INR 10,87,78,155 for the warrants, at INR 97.75 per warrant, representing 25% of the issue price. The warrants, issued at INR 391 per warrant, are convertible into equity shares with a face value of INR 10, upon payment of the remaining INR 293.25 within 18 months. Additionally, the company received INR 24,03,59,821 for the equity shares, issued at INR 391 per share, including a premium of INR 381.

This allotment increases Veefin Solutions' paid-up equity share capital from INR 24,92,46,860 (24,924,686 shares) to INR 25,53,94,170 (25,539,417 shares). Investors include individuals and entities such as NPRS Financial Services Pvt Ltd and Brescon Ventures Pvt Ltd for equity shares, and Raja Debnath, Gautam Vijay Udani, Tushar Agarwal, and Priti Mehta for convertible warrants.