Veefin Solutions Limited unsecured creditors have approved the Scheme of Amalgamation involving GlobeTF Solutions Limited and Estorifi Solutions Limited. The resolution was passed with 100% of the votes polled, representing a total value of ₹31,92,31,256. The approval moves the merger a step closer to completion, subject to the final sanction of the National Company Law Tribunal (NCLT), Mumbai Bench.

The meeting of unsecured creditors was convened on July 17, 2026, via video conferencing, following directions issued by the NCLT on May 13, 2026. Mr. Ashwini Gupta, Practising Company Secretary, served as the scrutinizer for the e-voting process, which was conducted remotely from June 30 to July 16, 2026, and during the meeting on July 17, 2026. The resolution required a three-fourth majority in value terms, which was achieved.

Voting Breakdown

The voting process saw participation from 22 unsecured creditors, all of whom cast votes in favour of the resolution. No votes were cast against the resolution, and there were no invalid votes recorded.

This approval follows the earlier consent from secured creditors and shareholders. The scheme involves the merger by absorption of GlobeTF Solutions Limited and Estorifi Solutions Limited with Veefin Solutions Limited. The scrutinizer's report has been submitted to the stock exchanges and the NCLT for record purposes.

PSB Alliance Pvt. Ltd and Bank of India have signed an agreement for onboarding Bank of India as a lending partner on the PSB Xchange platform, India's unified digital working capital finance platform. This collaboration is designed to strengthen digital access to working capital for dealers and MSMEs across corporate ecosystems, enabling faster access to institutional credit through a standardised process.

Building a Multi-Participant Financing Ecosystem

PSB Xchange connects lenders, corporates and ecosystem partners through a unified platform. The onboarding of Bank of India strengthens the platform's lender network and broadens the availability of institutional finance for dealer ecosystems across industries. The shared infrastructure reduces the need for multiple point-to-point integrations and supports faster programme implementation and portfolio monitoring.

Driving Digital Adoption in Supply Chain Finance

By standardising onboarding, documentation and programme execution, PSB Xchange enables lenders and corporates to implement dealer finance programmes more efficiently and extend formal credit to a wider base of MSMEs. The platform is powered by PSB Alliance and developed by Veefin Solutions .

Stakeholder Perspectives

Vinayak Shukla, General Manager, Bank of India, stated that the participation on PSB Xchange will enable the bank to provide timely and digitally enabled working capital solutions to dealers associated with established corporate anchors. Anjali Mohanty, MD & CEO, PSB Alliance, noted that bringing lenders, corporates and ecosystem partners onto a common platform broadens opportunities for MSMEs to access institutional finance. Raja Debnath, Managing Director, Veefin Group, highlighted that the collaboration demonstrates how technology and the reach of public sector banks can work together to expand working capital access.