The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 23, 2026 for Raja Debnath

Annexure II- Disclosure of reasons for encumbrance Name of listed company Veefin Solutions Limited Name of the recognised stock exchanges where the shares of the company are listed BSE SME Platform Name of the promoter(s) / PACs whose shares have been encumbered Raja Debnath Total promoter shareholding in the listed company No. of shares – 88,69,525 34.73 % of total share capital Encumbered shares as a % of promoter shareholding Sr. Name of % of Share % of promoter Promoter Capital shareholding 1. Gautam Udani 5.03% 15.12% 2. Raja Debnath 26.67% 80.14% TOTAL 31.70% 95.26% Whether encumbered share is 50% or more of promoter shareholding YES / NO Whether encumbered share is 20% or more of total share capital YES / NOs Details of all the existing events/ agreements pertaining to encumbrance Encumbrance (Date of creation/ extension of pledge: 18.09.2026) Type of encumbrance (pledge, lien, negative lien, non-disposal undertaking etc. or any Pledge other covenant, transaction, condition or arrangement in the nature of encumbrance) No. and % of shares encumbered No. of shares: 25,69,171 % of total share capital: 9.64% Specific details about Name of the entity in whose favour shares encumbered (X) Axis Trustee Services Limited the encumbrance Whether the entity X is a scheduled commercial bank, public YES/ NO. financial institution, NBFC or housing finance company? If No, Axis Trustee Services Limited is a SEBI-registered debenture provide the nature of the business of the entity. trustee and a wholly owned subsidiary of Axis Bank Limited Names of all other entities in the agreement Listed company and its group companies (if any) – Veefin Solutions Limited (Listed Company) Nito Tech Private Limited (Step Down Subsidiary) Infini Systems Limited (Subsidiary Company) Whether the encumbrance is relating to any debt instruments YES / NO viz. debenture, commercial paper, certificate of deposit etc.? If yes, provide details about the instrument, including credit rating In relation to Unrated, unlisted, secured, redeemable Non- Convertible Debentures issued by Nityo tech Private Limited (Step Down Subsidiary of the Company) for which Promoter of the Company have pledged their share. Security Cover / Asset Value of shares on the date of event / agreement (A) INR. 72,67,15,709.06 (25,69,171 * INR 282.86) Cover The above value has been arrived at by multiplying the number of shares of the company pledged by the Promoters by the Price of the share. Amount involved (against which shares have been encumbered) 45,00,00,000* Ratio of A / B 1.61:1 End use of money Borrowed amount to be utilized for what purpose – Any other reason (please specify) (a) working capital purposes /general corporate (a) Personal use by promoters and PACs purposes/capex/debt refinancing of the Borrower/Buy out of business from the Infini by Nityo (b) For the benefit of listed company Provide details including amount, purpose of raising money by listed company, schedule for utilization of amount, repayment schedule etc. (a) Any other reason (please specify) Note- *the amount considered is as per the current transaction Signature of Authorised Signatory: Gautam Udani Raja Debnath Place: Mumbai Date: 21.09.2026