Veefin Solutions Limited has scheduled a meeting of its Board of Directors for Saturday, August 1, 2026, to consider and approve the raising of funds through the issuance of debt securities. The proposed capital raise is intended to be executed on a private placement basis, potentially in one or more tranches or series, in accordance with applicable laws and subject to necessary regulatory approvals.

The prior intimation was issued in compliance with Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Alongside the debt issuance proposal, the Board agenda includes consideration of such other matters as deemed fit by the directors. The outcome of the meeting will be disseminated to stock exchanges immediately following its conclusion, within the timelines prescribed under SEBI Listing Regulations.

Trading Window Closure

In adherence to the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s Code of Conduct for Prevention of Insider Trading, the trading window for dealing in equity shares has been closed. This restriction applies to all directors, designated persons, and their immediate relatives. The window will remain closed until 48 hours after the announcement or declaration of financial results for the quarter ending June 30, 2026 (Q4FY26). Both days are inclusive in this calculation, pending approval of the results by the Board and subsequent filing with stock exchanges.

Key Details

The move to raise debt capital suggests Veefin Solutions is exploring leverage options to support its operational or growth requirements, though specific end-use details were not disclosed in the intimation. The private placement structure allows for flexibility in tranche sizing and timing, contingent upon market conditions and investor appetite.

Veefin veefin solutions Limited announced on July 28, 2026, that its digital working capital platform, PSB Xchange, has onboarded Punjab National Bank (PNB) as a lending partner. The collaboration integrates one of India's largest Public Sector Banks into the unified digital ecosystem, aiming to accelerate access to institutional working capital for dealers, distributors, and micro, small, and medium enterprises (MSMEs). By leveraging shared digital infrastructure, the partnership seeks to reduce the need for multiple point-to-point integrations, thereby facilitating faster programme implementation and improved operational efficiency for participating anchor corporates.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations, 2015). Under the agreement, PNB will use the PSB Xchange platform to offer digital supply chain finance solutions to eligible borrowers associated with participating corporates. The platform standardizes the process for seamless digital onboarding, credit assessment, and financing, allowing PNB to strengthen its digital supply chain finance capabilities while expanding its reach within the dealer and distribution ecosystems.

Strengthening the Lender Ecosystem

PSB Xchange connects lenders, corporates, and ecosystem partners through a unified technology platform developed by Veefin and powered by PSB Alliance. The addition of PNB significantly strengthens the platform's lender ecosystem by incorporating a bank with a well-established Supply Chain Finance portfolio. This expansion enhances the availability of institutional finance across broader networks, enabling corporates to benefit from a larger pool of lending partners. The shared infrastructure is designed to facilitate faster portfolio monitoring and operational efficiency, addressing the growing working capital needs of businesses across India.

Stakeholder Perspectives

Shri M Paramasivam, Executive Director at Punjab National Bank, stated that the bank is committed to supporting Indian businesses through technology-led banking solutions. He noted that joining PSB Xchange strengthens PNB's Supply Chain Finance capabilities through a unified digital platform that enables faster onboarding and efficient credit delivery. Ms. Anjali Mohanty, Managing Director and Chief Executive Officer of PSB Alliance, described the onboarding as a milestone in expanding the collaborative digital infrastructure. She emphasized that PNB's participation strengthens the collective ability to deliver seamless, technology-driven working capital solutions.

Mr. Raja Debnath, Managing Director of Veefin Group, highlighted PNB's status as the third-largest Public Sector Bank in India and a leading Supply Chain Finance lender. He stated that PNB brings exceptional scale and deep domain expertise to the platform, reinforcing the vision of building a unified digital infrastructure where banks, corporates, and MSMEs can collaborate seamlessly. The company indicated that it will continue to onboard leading financial institutions and corporates to drive greater financial inclusion nationwide.