Veefin Solutions Secures NSE In-Principle Approval for Main Board Migration

Key numbers

Market Cap	₹576.42 CrSmall Cap
Revenue TTM	₹473.72 CrOperating
P/E TTM	25.3xSector: 23.52x
RSI	44.27Neutral Zone

Key highlights

• NSE granted in-principle approval on October 30, 2026, for migrating 2,55,39,417 equity shares
• Approval is valid for a period of 45 days from the date of issuance to complete formalities
• Company reported a 34.3% QoQ surge in net profit to ₹9.02 crore for the quarter ended September 2026
• Quarterly operating revenue reached ₹124.66 crore, marking a 9.38% sequential growth
• Migration follows a prior in-principle approval from the BSE Mainboard received on September 21, 2026

Transitioning to the National Stock Exchange Main Board

Veefin Solutions is moving closer to its Main Board listing after receiving a formal in-principle approval letter from the NSE. The approval pertains to the migration of over 2.55 crore equity shares, each with a face value of ₹10, from the BSE SME Platform to the Capital Market Segment of the NSE. According to the exchange communication dated October 30, 2026, the company has a 45-day window to complete the final listing formalities, including the submission of the listing application and the equity listing agreement.

This transition is being executed under the SEBI Issue of Capital and Disclosure Requirement Regulations, 2018.

Strengthening Financial Performance and Growth Metrics

• Consolidated revenue for Q2 FY27 stood at ₹124.66 crore, growing 9.4% sequentially.
• Net profit for the same period increased by 34.3% to ₹9.02 crore.
• Annual revenue growth for FY26 was reported at 337.93%, reaching ₹345.13 crore.
• Net profit for the full year FY26 surged by 70.25% to ₹22.78 crore.
• The company maintains an operating profit margin of 29.44% as of the latest quarter.

Strategic Corporate Restructuring and Recent Developments

The migration news comes amidst a series of strategic moves by Veefin Solutions. On October 23, 2026, the company announced a Scheme of Amalgamation of its step-down subsidiary, Nityo Tech Private Limited, into White Rivers Media Solutions Limited. This followed a business transfer agreement in August 2026 involving a ₹30 crore slump sale of the IT/API business undertaking from Infini Systems to Nityo Tech.

While the company continues its expansion, it is also addressing a Section 9 IBC application involving ₹1.27 crore filed by Epikindifi Software & Solutions, which was reported on November 1, 2026.

The Roadmap for Capital Market Integration

Veefin Solutions operates in the IT Software Products sector, providing fintech solutions with a reported platform annual disbursement run-rate of $25 billion across active deployments. The migration to the Main Board is expected to enhance liquidity and visibility among institutional investors. Currently, promoter holding stands at 34.73%, though it is noted that 95.26% of this holding is pledged.

As the company completes the final listing formalities prescribed by the NSE and BSE, the effective date of trading on the Mainboards will be communicated to stakeholders in due course.

What to watch next

• Completion of final listing formalities with NSE by mid-December 2026
• Announcement of the effective date for trading on NSE and BSE Mainboards
• Outcome of the Section 9 IBC application proceedings before NCLT Mumbai
• Quarterly financial results for the period ending December 31, 2026

Veefin Solutions · financial snapshot

Share price	₹225.7
Market capitalisation	₹576.42 Cr
Revenue (annual)	₹345.13 Cr
Net profit (annual)	₹22.78 Cr
Revenue (latest quarter)	₹124.66 Cr+9.38% vs previous quarter
Net profit (latest quarter)	₹9.02 Cr+34.29% vs previous quarter
P/E (TTM)	25.3×Sector 23.52×
Promoter holding	34.73%0.00% QoQ
FII holding	2.18%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.