Veefin Solutions Limited's Board of Directors, at its meeting held on July 24, 2026 from 4:30 PM to 6:30 PM, approved raising funds through issuance of Non-Convertible Debentures (NCDs) for an aggregate amount of up to ₹35,00,00,000 (Indian Rupees Thirty-Five Crores only).
The fundraising will be conducted through private placement basis in one or more tranches or series. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 11th July, 2023 (last updated on 30th January, 2026).
Key Details of Proposed NCD Issuance:
- Type of Security: Unrated, Unlisted, Secured, Redeemable, Non-Convertible Debentures
- Issuance Method: Private Placement
- Total Number of Securities: Up to 3,50,000 (Three Lakh Fifty Thousand) NCDs
- Face Value: ₹1,000 per debenture
- Issue Size: Up to ₹35,00,00,000 (Indian Rupees Thirty-Five Crores Only)
- Listing Status: The NCDs are not proposed to be listed on any stock exchange
Terms to be Finalized:
The Board has authorized certain identified persons to determine and finalize the specific terms and conditions, including:
- Tenure of the instrument
- Date of allotment
- Date of maturity
- Coupon/interest offered
- Schedule of payment of coupon/interest and principal
- Charge/security created over assets
- Special rights/interest/privileges attached to the instrument
- Details of redemption
These details will be disclosed at the time of allotment of securities, in the event that funds are raised through the issuance.
Additional Information:
- No delay in payment of interest/principal or default history exists (NIL)
- No cancellation or termination of proposal for issuance of securities (NA)
The document was digitally signed by Urja Harsh Thakkar, Company Secretary & Compliance Officer (Membership No: ACS 42925) on July 24, 2026 at 19:18:05.