The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 24, 2025 for Gautam Udani & Raja Debnath

Promoter pledge above 50%Pledge releasedOwnership Changes View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.2%Reaction day

₹381.20

prior close

₹387.65

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.1%+2.3% vs market

IT Enabled Services peers, median of 69sector-1.7%+1.9% vs sector

On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 1.9 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.2

15m

-0.9

30m

-2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.2-2.1+2.3-1.7+1.9

Next day

+4.3-2.9+7.3-1.9+6.3

+3.3-3.3+6.7-2.3+5.6

+2.7-2.0+4.7-1.0+3.7

+0.7-0.7+1.4-0.2+0.9

-1.2-1.0-0.2-0.9-0.2

-0.8-1.5+0.7-0.8-0.1

15d

-0.6-0.3-0.3+0.0-0.6

-0.5+0.3-0.8+1.4-1.9

-8.4-1.8-6.6-4.6-3.9

-5.6-5.3-0.3-6.8+1.2

UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 69Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Promoters Gautam Udani (5.68% holding) and Raja Debnath (30.68% holding) of Veefin Solutions Ltd have disclosed a series of pledge events under SEBI SAST Regulations. First, excess shares were released from an existing pledge with Piramal Finance Limited (via Piramal Trusteeship Services) on 19.09.2025 - 3,16,193 shares for Gautam Udani and 17,78,415 shares for Raja Debnath. Subsequently, new pledges were created on 22-23.09.2025 in favour of LC Venture Debt Fund (with Catalyst Trusteeship as trustee) covering 3,16,193 shares of Gautam and a combined 18,79,214 shares of Raja Debnath, totalling about 21.95 lakh shares. The reason cited is collateral for debt availed or to be availed by group companies of Veefin Solutions Limited. Post-events, total promoter encumbrance stands at ~58.5 lakh shares (about 66% of promoter holding), indicating a refinancing rather than fresh pledging.

Likely market impact

This appears to be a lender swap - promoters are moving from Piramal Finance to LC Venture Debt Fund - rather than creating new encumbrance, so direct dilution pressure is limited. However, ~66% of promoter shares remain pledged, which is a high encumbrance level and a watch item. Investors should track whether group-level debt is being expanded, as new borrowing by group companies is the stated purpose.