BSEInsider Trading / SAST1 Aug 2026 · 1 Aug 2026, 02:45 pm
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
Veefin Solutions Ltd · 543931
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Veefin Solutions Ltd has disclosed a pledge of 23,98,702 shares (9.0% of total share capital) by Catalyst Trusteeship Limited on behalf of debenture holders, with the pledge extended on July 29, 2026.
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Veefin Solutions Ltd - 543931 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
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BSESMELimited
PhirozeJeejeebhoyTowers
DalalStreet,
Mumbai-400001
VEEFINSOLUTIONSLIMITED
Global One, 2ndFloor,Office 1, CTS NO2522521,
OPPSBI,LBS MARG,KURLA(W),Kurla,Mumbai,
Mumbai,Maharashtra,India,400070
Sub:DisclosurepursuanttoRegulation29(1)oftheSEBI(SubstantialAcquisitionofSharesandTakeovers)
Regulations,2011inrelationtopledgeofequitysharesOfVeefinSolutionsLimited
ForCatalystTrusteeshipLimited
AuthorisedSignatory
Name:DeeshaSrikkanth
Designation:SeniorVicePresident
Place:Mumbai
Date:31stJuly2026
Encl.:Asabove
PartA
Annexure
Disclosures under Regulation 29(1) of Securities and Exchange Board of India
(SubstantialAcquisitionofSharesandTakeovers)Regulations,2011
Part-A-DetailsoftheAcquisition
1.NameoftheTargetCompany(TC) VEEFINSOLUTIONSLIMITED
2.Name(s) of the acquirer and Persons Acting in Catalyst TrusteeshipLimited(acting asthe authorised
Concert(PAC)withtheacquirer agent of CTL Trusteeship Limited who is acting in the
capacityofdebenturetrusteeonbehalfofandforthe
benefitofthedebentureholders)
3.Whether the acquirer belongs to No.
Promoter/Promotergroup
4.Name(s) of the Stock Exchange(s) where the BSESMELimited
sharesofTCareListed
5.Detailsoftheacquisitionasfollows Number % w.r.t. total % w.r.t. total
share/voting diluted
capitalwherever share/voting
applicable(*) capital of the TC
(**)
Beforetheacquisitionunderconsideration,holding
ofacquireralongwithPACsof:
a) Sharescarryingvotingrights - - -
b) Shares in the nature of encumbrance 23,98,702 9.0% 9.0%
(pledge/lien/non-disposal
undertaking/others)
c) Voting rights (VR) otherwise than by equity - - -
shares
d) Warrants/convertible securities/any other - - -
instrument that entitles the acquirer to
receivesharescarryingvotingrightsintheTC
(specifyholdingineachcategory)
e) Total(a+b+c+d) 23,98,702 9.0% 9.0%
[RefertoNote2 [RefertoNote2 [RefertoNote2
below] below] below]
Detailsofacquisition
a) Sharescarryingvotingrightsacquired - - -
b) VRsacquiredotherwisethanbyequityshares - - -
c) Warrants/convertible securities/any other - - -
instrument that entitles the acquirer to
receivesharescarryingcategory)acquired
d) Shares in nature of encumbrance (pledge / 23,98,702 9.0% 9.0%
lien/non-disposalundertaking/others)
e) Total(a+b+c+d) 23,98,702 9.0% 9.0%
[RefertoNote1 [RefertoNote1 [RefertoNote1
below] below] below]
Aftertheacquisition,holdingofacquireralongwith
PACsof:
a) Sharescarryingvotingrights - - -
b) VRsotherwisethanbyequityshares - - -
c) Warrants/convertible securities/any other - - -
instrument that entitles the acquirer to receive
shares carrying voting rights in the TC (specify
holdingineachcategory)afteracquisition
d) Shares in nature of encumbrance 23,98,702 9.0% 9.0%
(pledge/lien/non-disposalundertaking/others)
e) Total(a+b+c+d) 23,98,702 9.0% 9.0%
[RefertoNote1, [RefertoNote1, [RefertoNote1,
Note2&Note3 Note2&Note3 Note2&Note3
below] below] below]
By wayofextension of pledge of equityshares ofthe
Target Company in favour of Catalyst Trusteeship
Limited (acting as the authorised agent of CTL
6.Mode of acquisition (e.g. open market / public Trusteeship Limited who is acting in the capacity of
issue/rightsissue/preferentialallotment/inter-se debenture trustee on behalf of and forthe benefit of
transfer/encumbrance,etc.) thedebentureholders)
7.Salient features of the securities acquired -
includingtime till redemption,ratioatwhichitcan
beconvertedintoequityshares,etc.
8.Date of acquisition of/ date of receipt of 29 July 2026 (date of execution of the Amended and
intimation of allotment of shares / VR/ Restated Unattested Deed of Pledge read with the
warrants/convertible securities/any other AmendedandRestatedInter-trusteeAgencyLetter)
instrument that entitles the acquirer to receive
sharesintheTC.
No.ofshares:25539417(RefertoNote3)
9.Equitysharecapital/totalvotingcapitaloftheTC Amount:255394170
beforethesaidacquisition
No.ofshares:25539417(RefertoNote3)
10.Equitysharecapital/totalvotingcapitaloftheTC Amount:255394170
afterthesaidacquisition
No.ofshares:25539417(RefertoNote3)
11.Totaldilutedshare/votingcapitaloftheTCafter Amount:255394170
thesaidacquisition
Note 1: Catalyst Trusteeship Limited Trustee has an existing encumbrance over shares of the Target
Company,pursuanttotheunattesteddeedofpledgedated4September2025executedbyMr.RajaDebnath
Promoters OriginalPledgeDeed forwhich
disclosurewasmade. Please refertoearlier disclosures dated24 September 2025,in this regard.Since the
encumbrances disclosed hereunder are on the same shares of the Target Company, therefore, the before
acquisitionandafteracquisitiondetailswillremainthesame.
Note2:Werefertoourearlierdisclosuredated24September2025,pursuanttowhichwehaddisclosedthe
pledgecreatedinourfavourbythePromotersover2398702(9.0%)equitysharesoftheTargetCompany,in
accordance with the Original Pledge Deed, for securing outstanding amounts under (i) unrated, unlisted,
secured,redeemable,non-convertibledebenturesofafacevalueofINR1,000(IndianRupeesOneThousand
Only)eachissuedbyInfiniSystemsLimitedforanaggregateprincipalamountofuptoINR21,00,00,000(Indian
RupeesTwentyOneCroreOnly)onaprivateplacementbasis;and(ii)unrated,unlisted,secured,redeemable,
non-convertibledebenturesofafacevalueofINR1,000(IndianRupeesOneThousandOnly)eachissuedby
NityoTechPrivateLimited foranaggregate principalamountof uptoINR 9,00,00,000 (IndianRupees Nine
CroreOnly)onaprivateplacementbasis.
TheOriginalPledgeDeedhasbeenamendedandrestatedon29July2026bywayoftheamendedandrestated
unattested pledge deed executed by the Promoters in favour of the Trustee Pledge Deed , pursuant to
whichtheaforementionedpledgehasbeenextendedinfavouroftheTrustee(actingastheauthorisedagent
ofCTLTrusteeshipLimitedwhoisactinginthecapacityofdebenturetrusteeonbehalfofandforthebenefit
ofthedebentureholders)tosecureoutstandingamountsundertheunrated,unlisted,secured,redeemable,
non-convertibledebenturesofafacevalueofINR1,000(IndianRupeesOneThousandOnly)each,inoneor
moretranches,foranaggregateprincipalamountofuptoINR35,00,00,000(IndianRupeesThirtyFiveCrore
Only)eachissuedortobeissuedbytheTargetCompanyonaprivateplacementbasis.
Given the nature of conditions and/or arrangements under the Pledge Deed, the encumbrances and other
of the SecuritiesandExchangeBoardofIndia(Substantial AcquisitionofSharesandTakeovers)Regulations
TakeoverRegulations .Accordingly,thisdisclosureisbeingmadeunderRegulation29(1)
readwithRegulation29(4)oftheTakeoverRegulations.
Note3:Theequitysharecapitalsetoutintheabovetabledoesnotinclude11,12,820outstandingwarrants.
However, solely for the purpose of creation of the pledge, the equity shares underlying such outstanding
warrantshavebeenconsideredasfullypaid-upequitysharesoftheTargetCompanyonafullydilutedbasis.
Signatureoftheacquirer:
ForCatalystTrusteeshipLimited
AuthorisedSignatory
Name:DeeshaSrikkanth
Designation:SeniorVicePresident
Place:Mumbai
Date:31stJuly2026
Part-B
NameoftheTargetCompany:VEEFINSOLUTIONSLIMITED
Name(s) of the acquirer and Persons Whether the acquirer belongs to PAN of the acquirer and/ or
ActinginConcert(PAC)withtheacquirer Promoter/Promotergroup PACs
CatalystTrusteeshipLimited(actingasthe No AACCG4147R
authorised agent of CTL Trusteeship
Limited who is acting in the capacity of
debenturetrusteeonbehalfofandforthe
benefitofthedebentureholder)
Signatureoftheacquirer:
ForCatalystTrusteeshipLimited
AuthorisedSignatory
Name:DeeshaSrikkanth
Designation:SeniorVicePresident
Place:Mumbai
Date:31stJuly2026
Note:
(*) Total share capital/ voting capitalto be taken asper thelatestfiling done by the company to the Stock
ExchangeunderClause35ofthelistingAgreement.
(**)Dilutedshare/votingcapitalmeansthetotalnumberofsharesintheTCassumingfullconversionofthe
outstandingconvertiblesecurities/warrantsintoequitysharesoftheTC.