Veefin Solutions

Veefin Solutions' subsidiary Infini Systems entered into a business transfer agreement on 25 August to sell a business undertaking to its subsidiary Nityo Tech for ₹30 crore in a slump sale on a going-concern basis. The transaction was expected to close by 30 September or another date mutually agreed by the parties, and was described as being at arm's length. The undertaking generated ₹8.91 crore of revenue in the year ended March 2026, equal to 2.58% of Veefin's consolidated revenue, and had a net worth of ₹29.12 crore, or 4.88% of consolidated net worth. Veefin said the internal transfer would have no impact on its financial statements and was intended to consolidate service operations and streamline the group. Veefin reported consolidated revenue of ₹345 crore in FY26, with services accounting for 65% of its revenue mix.

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Veefin Solutions partnered with NSIA Group to deploy its supply-chain-finance platform across five West African markets: Côte d’Ivoire, Senegal, Benin, Togo and Guinea. The arrangement covered reverse factoring and factoring, with Veefin providing the platform licence and ongoing maintenance as the five NSIA banking entities progressively went live. Veefin’s Veefin 4.0 platform also supported PSB Xchange in India and the Kafalah SME credit-guarantee programme in Saudi Arabia, while its solutions were in production at more than 50 financial institutions across Asia, Africa and the Middle East. The company reported consolidated revenue of about ₹345 crore for FY26, while standalone product revenue was ₹70.7 crore.

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Aug 18 (Reuters) - Veefin Solutions Ltd VEEF.BO:

• VEEFIN SOLUTIONS - CO AND NSIA GROUP PARTNER TO TRANSFORM SUPPLY CHAIN FINANCE IN WEST AFRICA

Source text: ID:nBSE1B90gQ

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Promoters Gautam Udani and Raja Debnath pledged 83.76 lakh Veefin Solutions shares on 7 August, taking total encumbered shares to 31.43% of the company's share capital. The pledge was made through Axis Trustee Services for ₹115 crore of debt from Strides Ventures Debt Fund 4, against a stated share value of ₹253.93 crore and cover of 2.21 times. An earlier pledge disclosure covered 24% of the company's capital against ₹85 crore of debt exposure. Veefin's standalone revenue was ₹70.7 crore in FY26, while consolidated debt stood at about ₹102 crore.

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Veefin Solutions allotted ₹30 crore of unrated, unlisted, secured and redeemable non-convertible debentures to Stride Ventures Debt Fund 4, a Sebi-registered Category II alternative investment fund. The three-year securities carried a 16.65% annual coupon payable monthly, with an eight-month moratorium on principal followed by equal monthly repayments. They were backed by first-ranking pari-passu charges over company and security-provider assets, promoter share pledges, personal guarantees, an escrow of 50% of receivables and corporate guarantees from GlobeTf Solutions and Estorifi Solutions. The company had allotted ₹20 crore of NCDs on 4 August under a programme approved up to ₹50 crore, while consolidated debt was about ₹102 crore at the latest reported year-end.

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Veefin Solutions' board approved the raising of up to ₹50 crore through the private placement of unrated, unlisted, secured non-convertible debentures, and authorised a corporate guarantee of up to ₹45 crore in favour of Axis Trustee Services to secure NCDs proposed to be issued by subsidiary Nityo Tech Private Limited. The guarantee will be treated as a contingent liability for the company. Veefin reported standalone revenue of ₹70.7 crore for the year to March, against consolidated revenue of ₹345 crore. Promoter pledges of 9% of paid-up capital were restated at the end of July to secure the company's own NCD borrowings.

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Veefin Solutions' board approved raising up to ₹50 crore through unrated, unlisted secured non-convertible debentures issued on a private placement basis. The company also approved a corporate guarantee of up to ₹45 crore in favour of Axis Trustee Services to secure NCDs proposed to be issued by Nityo Tech Private Limited, a step-down subsidiary. The guarantee will be recorded as a contingent liability. The approval follows a 29 July restatement of a 9% promoter pledge, originally created in September 2025, to secure the company's own borrowing. Coupon, tenure and allotment terms are yet to be finalised.

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PSB Xchange, the unified digital working capital platform developed by Veefin Solutions and promoted by PSB Alliance, signed an agreement to onboard Punjab National Bank as a lending partner, the company announced on July 28, 2026. Punjab National Bank, the third-largest public sector bank in India, will use the platform to offer digital supply chain finance solutions to dealers and MSMEs associated with participating anchor corporates. The collaboration expands the lender network on the platform and is expected to accelerate access to institutional working capital for businesses.

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Veefin Solutions' board approved raising up to ₹35 crore through the issuance of non-convertible debentures on a private placement basis, the company said on Thursday. The NCDs will be unrated, unlisted, secured and redeemable, issued in one or more tranches with a face value of ₹1,000 each. The board authorised certain officials to finalise the terms, including coupon rate, tenure, and security details, which will be disclosed at the time of allotment. The company had previously informed the exchange on July 21 of its intention to consider the fundraise.

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July 24 (Reuters) - Veefin Solutions Ltd VEEF.BO:

• VEEFIN SOLUTIONS - BOARD APPROVES NCD ISSUE UP TO 350 MILLION RUPEES ON PRIVATE PLACEMENT BASIS

Source text: ID:nBSE5Nrlpq

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PSB Xchange, the unified digital working capital platform developed by Veefin and promoted by PSB Alliance, has signed an agreement to onboard Bank of India as a lending partner, the company announced on July 6, 2026. Bank of India will use PSB Xchange to offer supply chain finance to dealers and MSMEs associated with corporate anchors on the platform. The partnership enables digital onboarding, credit assessment and financing through a standardised process. PSB Xchange connects lenders, corporates and ecosystem partners, and the addition of Bank of India expands the lender network available to dealer ecosystems across industries. PSB Alliance managing director Anjali Mohanty said the collaboration strengthens the platform's ability to support growth, while Bank of India general manager Vinayak Shukla stated it aligns with the bank's focus on MSME financing. Veefin Group managing director Raja Debnath called the partnership an important milestone for the PSB Xchange ecosystem.

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April 10 (Reuters) - R R Kabel Ltd RRKA.NS:

• VEEFIN SOLUTIONS LTD - PSB XCHANGE ONBOARDS RR KABEL FOR DEALER FINANCING PROGRAM

Source text: ID:nBSE6tZqLS

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Nov 28 (Reuters) - Veefin Solutions Ltd VEEF.BO:

• VEEFIN SOLUTIONS LTD - BUYS ADDITIONAL 10.01% STAKE IN WHITE RIVERS

• VEEFIN SOLUTIONS LTD - COST OF ACQUISITION AT 373 MILLION RUPEES

Source text: ID:nBSE5qB8wl

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July 2 (Reuters) - Veefin Solutions Ltd VEEF.BO:

• VEEFIN SOLUTIONS LTD - UNIT BUYS 26.55% OF WHITE RIVERS MEDIA FOR 870 MILLION RUPEES

Source text: ID:nBSE4gch7t

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Feb 19 (Reuters) - Veefin Solutions Ltd VEEF.BO:

• INVEST BANK ONBOARDS VEEFIN SOLUTIONS TO DIGITIZE SUPPLY CHAIN FINANCE OPERATIONS

Source text: ID:nBSE7Dp3lT

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Feb 10 (Reuters) - Veefin Solutions Ltd VEEF.BO:

• TO ACQUIRE 49% OF WHITE RIVERS MEDIA

• ACQUISITION COST 1.67 BILLION RUPEES

Source text: ID:nBSE4TGsdc

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Feb 4 (Reuters) - Veefin Solutions Ltd VEEF.BO:

• GROUP ACQUIRES DUBAI-BASED TRADEASSETS

Source text: ID:nBSE56SzRS

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Dec 19 (Reuters) - Veefin Solutions Ltd VEEF.BO:

• VEEFIN SOLUTIONS LTD - GROUP RAISES 1.36 BILLION RUPEES FOR PRODUCT DEVELOPMENT

• VEEFIN SOLUTIONS LTD - AIMS TO RAISE A FURTHER ABOUT $13 MILLION BY JAN 2025

Source text: ID:nBSEbMc038

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** Shares of India's Veefin Solutions VEEF.BO climb 4% to 713 rupees

** Business support services provider, through its unit, buys a 50% stake in Singapore-based Walnut AI for $2 million to increase revenue, build synergies

** Stock gains for the first session in three; has more than tripled YTD gains

** Trading volumes on the day 102k shares vs 30-day average of 60.5k

(Reporting by Hritam Mukherjee in Bengaluru)

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Dec 12 (Reuters) - Veefin Solutions Ltd VEEF.BO:

• VEEFIN SOLUTIONS LTD - ACQUIRES 50% STAKE IN WALNUT AI

• VEEFIN SOLUTIONS LTD - ACQUISITION COST USD 2 MILLION

Source text: ID:nBSE6ZbdJs

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Nov 5 (Reuters) - Veefin Solutions Ltd VEEF.BO:

• VEEFIN SOLUTIONS LTD - UNIT ACQUIRED 50% STAKE OF WALNUT AI PTE.

• VEEFIN SOLUTIONS LTD - DEAL FOR $2 MILLION

Source text: ID:nBSEccn69v

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Aug 13 (Reuters) - Veefin Solutions Ltd VEEF.BO:

• VEEFIN SOLUTIONS - VEEFIN GROUP ACQUIRES NITYO TECH, INDIA ARM OF NITYO SINGAPORE

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June 18 (Reuters) - Veefin Solutions Ltd VEEF.BO:

• VEEFIN SOLUTIONS LTD - VEEFIN EXPANDS ITS SUPPLY CHAIN FINANCE PLATFORM

• VEEFIN SOLUTIONS LTD - TO HAVE FOUR DIRECTORS JOIN BOARD OF REGIME TAX SOLUTIONS

• VEEFIN SOLUTIONS LTD - ANNOUNCED A STRATEGIC STAKE IN REGIME TAX SOLUTIONS

• VEEFIN SOLUTIONS - WILL EXPAND PRODUCT PORTFOLIO BY INTEGRATING TWO FLAGSHIP SOLUTIONS FROM REGIME INTO ITS PLATFORM

Source text for Eikon: ID:nBSE6fRyTZ

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June 14 (Reuters) - Veefin Solutions Ltd VEEF.BO:

• CO ACQUIRED 51.31% STAKE IN ESTORIFI SOLUTIONS

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March 26 (Reuters) - Veefin Solutions Ltd VEEF.BO:

• UJJIVAN SMALL FINANCE BANK TIES-UP WITH CO TO OFFER BETTER SUPPLY CHAIN FINANCE OFFERINGS TO MSMES

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March 11 (Reuters) - Veefin Solutions Ltd VEEF.BO:

• MUTHOOT FINCORP ONBOARDED VEEFIN SOLUTIONS AS TECHNOLOGY PARTNER TO BEGIN SUPPLY CHAIN FINANCE OPERATIONS

Source text for Eikon: ID:nBSE21j49J

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Feb 22 (Reuters) - Veefin Solutions Ltd VEEF.BO:

• VEEFIN SOLUTIONS - APPROVED ISSUANCE OF 420,000 CONVERTIBLE WARRANTS AT PRICE OF 267.50 RUPEES EACH

Source text for Eikon: ID:nBSE14Dzwq

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