Veefin Solutions Limited , a fintech company, has successfully completed the first tranche of its preferential allotment, raising Rs 20.77 crore through the issuance of equity shares. The company announced the allotment outcome following a board meeting held on December 15, 2025.

First Tranche Allotment Completed

The board of directors approved the allotment of 5,31,279 fully paid-up equity shares at Rs 391.00 per share to non-promoter investors. The allotment was executed after receiving necessary approvals from shareholders at the Extraordinary General Meeting held on October 13, 2025, and in-principle approval from BSE Limited on December 10, 2025.

Remaining Allotment Timeline

The company clarified that this represents the first tranche of the total approved preferential issue of 12,99,857 equity shares. The remaining 7,68,578 equity shares will be allotted within the stipulated timeline of 15 days from receipt of in-principle approval from BSE Limited.

Updated Share Capital Structure

Following the first tranche allotment, the company's issued, subscribed and paid-up equity share capital has increased significantly.

Investor Details

The first tranche allotment included participation from diverse non-promoter investors as outlined in the regulatory filing.

Regulatory Compliance

The allotment was conducted in accordance with SEBI regulations and the company has authorized key management personnel including Chairman & Managing Director Raja Debnath and Whole-time Director Gautam Vijay Udani to complete necessary formalities for dematerialization of the equity shares with NSDL, CDSL and RTA.

This successful completion of the first tranche demonstrates strong investor confidence in Veefin Solutions' growth prospects and provides the company with additional capital to pursue its strategic initiatives in the fintech sector.

Veefin Solutions Limited , a company specializing in financial technology solutions, has announced a significant addition to its leadership team. The Board of Directors has approved the appointment of Mr. Jimish Dedhia as an Additional Non-Executive Independent Director, subject to shareholder approval.

Key Appointment Details

Professional Background

Mr. Dedhia brings a wealth of experience to Veefin Solutions, with over 15 years in the finance sector. His expertise spans several critical areas:

• Debt syndication
• Project finance
• Capital structuring

Notable Achievements

As a Partner at Abundance Capital Advisory, Mr. Dedhia has demonstrated significant capabilities in financial advisory:

Impact on Veefin Solutions

The appointment of Mr. Dedhia is expected to bring valuable insights to Veefin Solutions, particularly in areas such as:

• Financial strategy development
• Risk assessment
• Governance practices

His experience in advising mid-sized businesses on funding strategies aligns well with Veefin's focus on technology-driven financial solutions.

Compliance and Governance

In compliance with SEBI regulations, Veefin Solutions has confirmed that Mr. Dedhia has not been debarred from holding a directorship by any regulatory authority. This appointment underscores the company's commitment to strengthening its board with experienced professionals.

The addition of Mr. Jimish Dedhia to Veefin Solutions' board comes at a time when expertise in financial structuring and technology integration is crucial for fintech companies. Shareholders will have the opportunity to ratify this appointment, potentially bringing new perspectives to the company's strategic direction in the evolving fintech landscape.