Veefin Solutions Limited , a fintech company, has announced a significant capital raising initiative following a board meeting held on September 15, 2025. The company's board has approved multiple measures to strengthen its financial position and fuel growth.

Authorized Share Capital Increase

The board has given the green light to increase the company's authorized share capital from Rs. 25.00 crore to Rs. 30.00 crore. This will be achieved by creating an additional 50 lakh equity shares with a face value of Rs. 10 each. This move is subject to shareholder approval at an upcoming Extraordinary General Meeting (EGM).

Preferential Allotment of Equity Shares

In a strategic move to raise funds, Veefin Solutions has approved the issuance of 12,99,857 equity shares at Rs. 390.00 per share to non-promoter investors. This preferential allotment is expected to raise approximately Rs. 50.69 crore. The issue price represents a premium of Rs. 380.00 over the face value of Rs. 10 per share.

Convertible Warrants Issue

Additionally, the board has sanctioned the issuance of up to 11,12,820 convertible warrants at Rs. 390.00 each. This move is set to raise an additional Rs. 43.40 crore, bringing the total capital raise to approximately Rs. 94.09 crore. These warrants will be issued to both promoter and non-promoter shareholders.

Key Details of the Warrant Issue

• Conversion Period: The warrants are convertible into equity shares within 18 months from the date of allotment.
• Payment Structure: Warrant holders will pay Rs. 97.50 upfront per warrant, with the remaining Rs. 292.50 due upon conversion.
• Promoter Participation: Promoters Raja Debnath and Gautam Udani will subscribe to 3,58,974 and 1,53,846 warrants respectively, totaling Rs. 19.99 crore.

Diverse Investor Base

The preferential allotment has attracted a diverse group of investors, including both individuals and institutional entities. Notable non-promoter participants include:

| Investor | Allocation | |:------------------------------------------------|:--------------------------|| | SR Global Fund L.P. - Class P (PAN-Asia Select Portfolio) | 1,50,000 equity shares | | Piyush Prafulchandra Avlani | 1,53,846 equity shares | | Tushar G Agrawal and Priti Ashit Mehta | 3,00,000 convertible warrants each |

Regulatory Compliance

The proposed issues will be conducted in accordance with SEBI regulations and are subject to necessary regulatory and shareholder approvals. The company has stated that all relevant disclosures will be made to the stock exchange as required by SEBI guidelines.

This capital raising initiative is expected to provide Veefin Solutions with the financial resources to pursue its growth strategies and strengthen its market position 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.