Announced Fri, 17 Jul · 21:25 IST
Secured creditors meeting for merger scheme held on 17 July 2026
Regulatory & Legal View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+1.7%1-day move
₹317.50
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.7-4.2-4.3-3.9-4.6—————
Up moveDown movePending
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.