Veefin Solutions Ltd — Important, 04-08-2026: Company Update

Veefin Solutions Limited has approved the allotment of 2 lakh unrated, unlisted, secured, redeemable Non-Convertible Debentures (NCDs) through a private placement. The total issue size is 20 Cr, with each debenture having a face value of INR 1,000. These NCDs carry a 15.0% annual interest rate, paid monthly, and mature in two years with principal repayments starting after a six-month moratorium. The debentures are secured by the company's moveable assets, a 2x cover on promoters' pledged shares, an escrow account for future share issuance proceeds, and promoter guarantees. This fundraising strengthens the company's financial position for business activities.