Veefin Solutions Limited has successfully completed its preferential allotment following the board meeting held on December 24, 2025. The company, listed on the BSE SME platform, allotted equity shares and convertible warrants after receiving necessary approvals from shareholders and BSE Limited.

Preferential Allotment Details

The board of directors approved the allotment of securities on preferential basis following the EGM approval received on October 13, 2025, and in-principle approval from BSE Limited on December 10, 2025.

Equity Shares Allotment

The company allotted 6,14,731 fully paid-up equity shares with a face value of ₹10.00 each at a price of ₹391.00 per share, including a premium of ₹381.00 per share. The total amount raised through equity shares stands at ₹24,03,59,821, allocated exclusively to non-promoter investors on preferential basis.

Convertible Warrants Details

Veefin Solutions allotted 11,12,820 convertible warrants at ₹97.75 per warrant, representing 25% of the total issue price of ₹391.00 per warrant. The company received ₹10,87,78,155 as upfront payment for the warrants from specified promoters and non-promoter shareholders.

Each warrant is convertible into one fully paid-up equity share of face value ₹10.00 upon payment of the balance consideration of ₹293.25 per warrant within 18 months from the allotment date.

Impact on Share Capital

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

Board Meeting Proceedings

The board meeting commenced at 6:20 PM and concluded at 8:40 PM on December 24, 2025. The board authorized key management personnel including Chairman & Managing Director Raja Debnath, Whole Time Director Gautam Vijay Udani, and Company Secretary Urja Harsh Thakkar to execute necessary documentation for the dematerialization of equity shares with NSDL, CDSL, and RTA.

The successful completion of this preferential allotment marks a significant milestone for Veefin Solutions Limited, strengthening its capital base for future growth initiatives and strategic expansion plans.

Veefin Solutions ' PSBXchange has strengthened its embedded finance ecosystem by onboarding 20 strategic partners across supply chain finance, B2B marketplaces, procurement, and treasury platforms. This expansion reinforces PSBXchange's role as foundational digital infrastructure for delivering institutional finance at scale across India's enterprise and MSME ecosystem.

Strategic Partnership Expansion Across Six Verticals

The expanded onboarding represents PSBXchange's evolution from platform enablement to ecosystem orchestration. By integrating financing directly into systems that power procurement, distribution, treasury, trade, and SME operations, PSBXchange enables credit to flow seamlessly within everyday business workflows while reducing friction, improving visibility, and strengthening lender confidence.

Supply Chain Finance and B2B Marketplace Integration

The partnership expansion includes multiple supply chain finance fintechs bringing deep expertise in invoice-based financing and automated dealer, distributor, and vendor finance workflows. These integrations enable PSBXchange to activate financing within live supply chains while maintaining lender-grade compliance and risk visibility.

B2B marketplaces digitize trade flows across industrial supply chains, and embedding PSBXchange's financing layer within these platforms allows buyers and sellers to access supply chain finance directly at the point of transaction.

Corporate Advisory and Distribution Technology Integration

Procurement and procure-to-pay platforms sit at the heart of enterprise purchasing and invoice approval workflows. Integration with PSBXchange enables seamless financing of buyer-approved invoices, strengthening liquidity predictability for vendors and suppliers.

Corporate advisory firms act as trusted intermediaries for enterprises seeking structured financing solutions, expanding PSBXchange's access to curated, decision-ready financing opportunities aligned with institutional lending standards.

Leadership Perspective on Ecosystem Development

Commenting on the milestone, Sorabh Dhawan, CEO of PSBXchange, emphasized the platform's evolution: "This milestone reflects the direction in which PSBXchange is evolving - from enabling transactions to powering an integrated embedded finance ecosystem. By onboarding partners across six strategic verticals, we are ensuring that institutional credit can be accessed where commercial decisions are actually made."

Dhawan highlighted the focus on building a common digital financing layer that scales responsibly while meeting transparency, governance, and risk expectations of lenders.

Future Growth and Platform Positioning

With the successful onboarding of these 20 partners, PSBXchange is positioned to support businesses across multiple industries while offering lenders a standardized and interoperable route to deploy working capital solutions. The platform continues to evaluate a growing pipeline of prospective partners across additional platforms and use cases.

PSBXchange maintains a structured and selective onboarding approach, aiming to expand responsibly by ensuring every new integration strengthens the overall ecosystem, enhances lender confidence, and deepens the reach of embedded finance across India's digital trade infrastructure.

About the Platform and Technology

PSBXchange operates as a multi-lender digital working capital marketplace led by the PSB Alliance and developed by Veefin Solutions. The platform brings together banks, NBFCs, corporates, MSMEs, and ecosystem partners on a single platform, enabling seamless participation across supply chain finance programs by standardizing onboarding, program discovery, and transaction execution.