Veefin Solutions Ltd has decided to migrate its equity shares from the SME Platform of BSE Limited to the Main Board of BSE Limited to enhance visibility and liquidity. The company's Board of Directors approved this strategic shift during a meeting held on June 16, 2026. This move is contingent upon receiving necessary approvals and adhering to applicable regulatory requirements.

In addition to the migration, the board approved a direct listing of the company's equity shares on the Main Board of the National Stock Exchange of India Limited (NSE). This dual listing strategy aims to broaden the company's investor base. The implementation of both the migration and the direct listing is subject to compliance with regulatory norms.

To facilitate these changes, the company will initiate a postal ballot process to seek shareholder approval for the migration from the BSE SME Platform to the Main Board and the direct listing on the NSE Main Board. The Board meeting, which commenced at 3:30 P.M. and concluded at 4:30 P.M., was conducted in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Approvals

The Board of Directors sanctioned the following proposals:

• Migration of listing and trading of equity shares from BSE SME Platform to BSE Main Board.
• Direct listing of equity shares on the NSE Main Board.
• Notice of postal ballot to seek member approval for the aforementioned migration and listing.

Regulatory and procedural details

The disclosures were submitted to BSE Limited, with the Corporate Relationship Department acknowledging the filing. The transition marks a significant step in Veefin Solutions 's corporate evolution.

Veefin Solutions Limited has scheduled meetings of its shareholders and creditors on July 16 and July 17, 2026, to consider and approve a scheme of arrangement for the merger of GlobeTF Solutions Limited and Estorifi Solutions Limited with the company. The meetings, convened pursuant to an order dated May 13, 2026, from the National Company Law Tribunal (NCLT), Mumbai Bench, will be held through video conferencing or other audio-visual means (VC/OAVM). The primary objective of the scheme is to consolidate the businesses of the subsidiaries, GlobeTF Solutions and Estorifi Solutions, with Veefin Solutions to enhance operational efficiencies and achieve business synergies.

The merger scheme, approved by the respective boards of the three entities on September 30, 2025, involves the amalgamation of GlobeTF Solutions and Estorifi Solutions into Veefin Solutions. As part of the arrangement, shareholders of the transferor companies will receive equity shares of Veefin Solutions based on a share exchange ratio. For every 10 fully paid-up equity shares of GlobeTF Solutions, shareholders will receive 2,731 equity shares of Veefin Solutions, while for every 10 shares of Estorifi Solutions, shareholders will receive 7,673 equity shares of Veefin Solutions. The appointed date for the merger is April 1, 2026.

The meetings of shareholders and creditors are procedural requirements under Sections 230 to 232 of the Companies Act, 2013, to secure the necessary approvals for the scheme. Mr. Venkata Subbarao Hari has been appointed as the Chairperson for the meetings, and Mr. Ashwini Gupta, a Practicing Company Secretary, will serve as the Scrutinizer. The facility for remote e-voting will be available to members and creditors from June 29, 2026, at 10:00 AM IST until July 16, 2026, at 5:00 PM IST. Only shareholders and creditors recorded in the company's records as of May 15, 2026, and March 31, 2026, respectively, are eligible to vote.

The Board of Directors of Veefin Solutions has stated that the scheme is not prejudicial to the interests of the creditors, shareholders, or employees. The merger is expected to result in a broader product portfolio, cost savings through the elimination of managerial overlaps, and improved cash management efficiency. The scheme is also subject to the final sanction of the NCLT and other regulatory approvals. BSE Limited has already issued a no-objection letter dated April 1, 2026, regarding the proposed arrangement.

Key Meeting Details