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.

Veefin Solutions Limited has established the schedule for a postal ballot process to seek shareholder approval for migrating its equity shares from the SME Platform of BSE Limited to the Main Board of BSE Limited and for a direct listing on the Main Board of the National Stock Exchange of India Limited (NSE). The transition aims to enhance liquidity, visibility, and investor participation for the company's securities. The company's Board of Directors approved these proposals during a meeting held on June 16, 2026.

The company has engaged National Securities Depository Limited (NSDL) to provide the remote e-voting facility. Shareholders whose names appear in the Register of Members or Record of Depositories as of the close of business hours on Friday, June 12, 2026, are eligible to vote. The voting period commences at 9:00 AM IST on Monday, June 22, 2026, and concludes at 5:00 PM IST on Tuesday, July 21, 2026.

Key Approvals

The Board of Directors sanctioned the following proposals for shareholder consideration:

• 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.

E-voting and Procedural Details

The resolutions will be decided through a postal ballot conducted exclusively via remote e-voting. Physical copies of the notice are not being dispatched. Mr. Maharshi Ganatra of M/s. Maharshi Ganatra and Associates, Practicing Company Secretaries, has been appointed as the Scrutinizer to ensure the process is conducted fairly and transparently.

The results of the postal ballot will be announced not later than two working days after the conclusion of the e-voting period. The resolutions require approval as a Special Resolution. Pursuant to Regulation 277 of the SEBI (ICDR) Regulations, 2018, the special resolution shall be acted upon only if the votes cast by shareholders other than promoters in favor of the proposal amount to at least two times the number of votes cast by shareholders other than promoter shareholders against the proposal.