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 , a leading fintech company, has announced a strategic partnership with Suryoday Small Finance Bank to implement Supply Chain Finance (SCF) lending tools. This collaboration marks a significant step in VeeFin's journey to strengthen its position as a preferred technology partner for Non-Banking Financial Companies (NBFCs) and lending institutions in India.

Partnership Details

The partnership involves the deployment of VeeFin's comprehensive SCF lending stack across Suryoday Small Finance Bank's operations. This suite includes:

1. Supply Chain Finance Loan Origination System (LOS)
2. Loan Management System (LMS)
3. Reporting Tool

These tools are designed to facilitate streamlined lending workflows and enhance analytics capabilities, potentially revolutionizing Suryoday's SCF operations.

About Suryoday Small Finance Bank

Suryoday Small Finance Bank, headquartered in Mumbai, has evolved from a microfinance NBFC into a full-fledged bank since 2017. The bank has a significant presence across 15 states and union territories in India, serving over 3.4 million customers through more than 700 banking outlets. With a workforce of 8,600 employees, Suryoday is known for its strong focus on financial inclusion and digital innovation.

The bank's commitment to digital transformation is evident from its recent accolades, including:

• Best Digital First Bank of the Year at the Bharat Fintech Summit
• Platinum Winner for Ecosystem-Led Innovation at the Infosys Finacle Innovation Awards

Implications for VeeFin Solutions

This partnership with Suryoday Small Finance Bank reinforces VeeFin Solutions' mission to accelerate digital lending adoption across India. By providing its SCF lending tools to a rapidly growing small finance bank, VeeFin is positioning itself as a key player in the fintech space, particularly in the realm of supply chain finance technology.

The collaboration is expected to cover all major SCF modules, indicating a comprehensive integration of VeeFin's technology into Suryoday's lending operations. This extensive implementation could serve as a showcase for VeeFin's capabilities, potentially attracting more NBFCs and lending institutions to its platform.

As the fintech landscape in India continues to evolve, partnerships like this between technology providers and financial institutions are likely to play a crucial role in shaping the future of digital lending and financial inclusion in the country.