Nature of Disclosure: Regulatory filing pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, intimating a business transfer agreement between subsidiaries.
Key Transaction Details:
- Infini Systems Limited (ISL), a subsidiary of Veefin Solutions Limited (VSL), entered into a Business Transfer Agreement (BTA) with Nityo Tech Private Limited (NTPL), its own subsidiary and a step-down subsidiary of VSL, on August 25, 2026.
- The agreement is for the sale/transfer of ISL's business undertaking as a going concern via a slump sale.
- The total lump sum consideration for the transaction is ₹30 crore (Indian Rupees Thirty Crore only).
- The expected date of completion is September 30, 2026, or another date mutually agreed upon by the parties.
Financial Contribution of Business Undertaking (as of March 31, 2026):
- Revenue from Operations: ₹891.05 lakhs (₹8.9105 crore), representing 2.58% of VSL's consolidated revenue from operations.
- Net Worth: ₹2,912.47 lakhs (₹29.1247 crore), representing 4.88% of VSL's consolidated net worth. The net worth is defined as the Net Asset Value computed based on the rules prescribed under the Income-tax Rules, 2026.
Parties Involved and Relationship:
- The seller is Infini Systems Limited (ISL), a subsidiary of VSL.
- The purchaser is Nityo Tech Private Limited (NTPL), a subsidiary of ISL and a step-down subsidiary of VSL.
- NTPL reported revenue from operations of ₹5,181.86 lakhs (₹51.8186 crore) for the year ended March 31, 2026.
Related Party Transaction Status:
- The transaction is classified as a related party transaction.
- It has been conducted on an arm's length basis.
Business Profiles:
- ISL (Seller) is engaged in: 1) Providing API-driven solutions to banks, NBFCs, financial institutions, and other clients, including document intelligence, analytics, credit automation, data processing, and fraud & risk management solutions; and 2) IT-related services, business management, and consultancy services.
- NTPL (Purchaser) is engaged as the Global Capability Centre for the group, providing IT-related services, business management, and consultancy services.
Rationale for the Transaction:
The BTA was executed to consolidate the service operations of VSL into a single entity. The stated objectives are to enhance operational efficiency, streamline the Group structure, and enable a sharper business focus.
Consideration and Financial Impact:
- The consideration is entirely in cash (₹30 crore).
- The disclosure explicitly states that because the transfer is from ISL to its own subsidiary (NTPL), there will be no impact on the financials of the listed entity, Veefin Solutions Limited (VSL).
Capital Structure Impact:
- The disclosure confirms that there will be no change in the shareholding pattern of VSL as a result of this transaction.
Regulatory Reference:
This disclosure is made in compliance with Regulation 30 of the SEBI LODR Regulations and refers to SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.