Veefin Solutions Ltd — Updates, 16-06-2025: Company Update

Veefin Solutions Limited, along with its subsidiary Infini Systems Limited and step-down subsidiary Nityo Tech Private Limited, is availing credit facilities from Piramal Finance Limited totaling up to INR 90 Crores. Veefin Solutions is extending a corporate guarantee for up to INR 45 Crores on behalf of Infini Systems. The loans, intended for capital expenditure reimbursement, business expansion, and share acquisitions, are secured by hypothecation of current and movable assets of the borrowers and pledges of equity shares. The facilities carry an interest rate of 13.5% p.a. with a 5-year tenure including a 12-month moratorium. This arrangement increases Veefin’s contingent liabilities but currently has no direct financial impact.