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

Veefin Solutions' Board approved the allotment of 3,00,000 unlisted, secured, redeemable Non-Convertible Debentures (NCDs) with a face value of INR 1,000 each. This private placement to Stride Ventures Debt Fund 4 totals 30 Cr. The NCDs carry an interest rate of 16.65% per annum, payable monthly, and have a 3-year tenure. Principal repayment starts after an eight-month moratorium. This move secures significant debt funding, bolstering the company's financial resources for its operations and growth initiatives without equity dilution.