Secured creditors meeting for merger scheme held on 17 July 2026

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Price reactionminutes from the announcement price · days from the prior close

+3.3%Reaction day

₹317.50

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%+2.7% vs market

IT Enabled Services peers, median of 76sector-0.4%+3.7% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 3.7 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+3.3+0.6+2.7-0.4+3.7

Next day

+1.7+0.9+0.8-0.4+2.2

-4.2-0.2-4.0-1.7-2.5

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-27.6+5.1-32.8-4.3-23.3

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 76Pending

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AI summary

NCLT Mumbai directed Veefin Solutions to hold a secured creditors meeting on 17 July 2026 for a Scheme of Amalgamation by Absorption of GlobeTF Solutions and Estorifi Solutions into Veefin Solutions. Of 2 secured creditors on record, 1 attended representing 98.46 percent by value. The chairperson was Mr Venkata Subba Rao, former NCLT member. E-voting was conducted for 15 minutes and results will be filed with stock exchanges once the scrutinizers report is received.

Likely market impact

Procedural step in the proposed three-way merger. Final scheme still needs NCLT approval and shareholder and creditor votes.