Veefin Solutions Limited has reported that Catalyst Trusteeship Limited, acting as a Debenture Trustee, has secured a 9% stake in the company through a pledge of equity shares. This development marks a notable change in the shareholding structure of the BSE SME-listed company.

Key Details of the Acquisition

About the Transaction

Catalyst Trusteeship Limited, representing the interests of Debenture holders, has acquired the stake through a pledge mechanism. It's important to note that Catalyst Trusteeship is not part of the promoter group of Veefin Solutions.

Company Overview

Veefin Solutions is listed on the BSE SME platform. The company's total equity share capital stands at 24,393,407 shares, valued at INR 243,934,070.00.

Regulatory Compliance

The acquisition was disclosed in compliance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Catalyst Trusteeship Limited filed the necessary disclosures with the stock exchange, detailing the nature and extent of the share pledge.

Trading Window Closure

In a separate announcement, Veefin Solutions has informed that the trading window for its equity shares will be closed from October 1, 2025. This closure, in line with SEBI regulations, will remain in effect until 48 hours after the announcement of the company's unaudited financial results for the half-year ending September 30, 2025.

Impact and Outlook

While the pledge of shares does not immediately alter the management control of Veefin Solutions, it represents a significant financial arrangement involving nearly a tenth of the company's equity. Stakeholders and market observers will likely monitor any potential implications this may have on the company's financial strategies and governance in the coming months.

The upcoming financial results for the half-year ending September 30, 2025, expected to be released after October 1, 2025, may provide further insights into the company's performance and financial position in light of this development.

Veefin Solutions Limited , a global leader in Working Capital Technology solutions, has announced a strategic partnership with IWS Holdings to enter Sri Lanka's banking and financial services sector. This move marks Veefin's foray into the Sri Lankan market, aiming to drive digital transformation in the country's financial institutions.

Partnership Details

The partnership will see Veefin introduce its comprehensive Working Capital Technology Platform to Sri Lanka. This platform offers modular and scalable solutions designed to help businesses optimize and manage working capital more effectively.

Product Offerings

Veefin's product suite includes:

• Supply Chain Finance
• Trade Finance
• Cash Management
• Digital Lending Suite

Market Opportunity

Raja Debnath, Chairperson and Managing Director of the Veefin Group, highlighted the significant opportunity in Sri Lanka:

"Over 40% of SMEs in Sri Lanka remain unserved by formal financial institutions, highlighting a substantial credit gap. With MSMEs constituting over 75% of businesses and contributing more than 50% to the country's GDP, our platform empowers banks and lenders to efficiently serve MSMEs and corporates with scalable, fully digital solutions."

Sri Lanka Fintech Summit

Veefin will showcase its solutions at the upcoming Sri Lanka Fintech Summit in Colombo. This participation comes in response to significant interest from leading financial institutions across the region.

IWS Holdings' Perspective

Arthur Senanayake, Chairman of IWS Holdings, expressed enthusiasm about the partnership:

"Sri Lanka's banking and financial sectors are poised for digital acceleration. Our partnership with Veefin reflects our commitment to introducing cutting-edge global technology to Sri Lanka. We believe this launch will empower local financial institutions to compete on a global stage."

Early Traction

While specific names cannot be disclosed due to non-disclosure agreements, early discussions with some of Sri Lanka's leading banks have already begun, with strong interest shown in Veefin's offerings.

Veefin's Global Presence

Veefin has already seen success in markets across Asia, Africa, and the Middle East. In India, the company is collaborating with the Ministry of Finance on the PSBXchange platform, set to be the world's largest unified Supply Chain Finance ecosystem.

About Veefin Solutions Limited

Veefin Solutions Limited, part of the Veefin Group of companies, is on a mission to build the World's Largest Working Capital Ecosystem. The company offers solutions across end-to-end digital Supply Chain Finance, digital identity verification, automated financial statement analysis, debt securitization, cash management, trade finance, automated Accounts Receivable (AR) & Accounts Payable (AP), and software consulting services.

Incorporated in 2020, Veefin Group is headquartered in Mumbai, India, with offices in Singapore, Dubai & Bangladesh. The parent company, Veefin Solutions Ltd., is listed on the BSE SME platform.

This strategic partnership with IWS Holdings marks a significant step in Veefin's international expansion and its commitment to driving digital transformation in the financial sector across emerging markets.