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 has announced a strategic partnership with CRIF, integrating CRIF's Strategy One Business Rule Engine (BRE) with VeeFin's no-code Digital Lending Stack. This collaboration aims to revolutionize the lending industry by combining robust decisioning capabilities with agile digital lending solutions.

Key Highlights of the Integration

• Streamlined Customer Onboarding: The integration enables automated workflows for faster and more efficient customer onboarding processes.
• Policy-Driven Underwriting: Lenders can implement configurable underwriting that aligns with their institutional risk frameworks.
• Scalable Digital Lending Operations: The combined solution allows for scaling across multiple products and customer segments.
• Faster Product Launches: Financial institutions can introduce new lending products more quickly while reducing operational and credit risks.

Benefits for the Financial Sector

The partnership between VeeFin and CRIF is set to benefit a wide range of financial institutions, including:

• Banks
• Non-Banking Financial Institutions (NBFCs)
• Fintechs
• Lending platforms

By leveraging VeeFin's AI-infused no-code stack and CRIF's advanced decisioning engine, these institutions can significantly reduce time-to-market, enhance compliance, and deliver seamless customer experiences throughout the lending lifecycle.

Corporate Restructuring

In addition to this technological advancement, VeeFin Solutions has also announced a significant corporate restructuring initiative. The company's Board of Directors has approved a Scheme of Arrangement and Amalgamation involving its subsidiaries:

1. GlobeTF Solutions Limited (GSL)
2. Estorifì Solutions Limited (ESL)

Both subsidiaries will be merged with VeeFin Solutions Limited, subject to necessary regulatory approvals.

Rationale for the Amalgamation

The merger is expected to bring several benefits:

• Broadening of product portfolio
• Achievement of overall business synergies
• Optimal utilization of resources and infrastructure
• Cost savings through reduced managerial overlaps
• Enhanced cash management efficiency
• Simplified corporate structure

Share Exchange Ratio

As part of the amalgamation, VeeFin Solutions will issue new shares to the shareholders of GSL and ESL (excluding shares held by VeeFin) in the following ratio:

• 2,731 VeeFin shares for every 10 GSL shares
• 7,673 VeeFin shares for every 10 ESL shares

Impact on Shareholding

Post-amalgamation, the shareholding structure of VeeFin Solutions is expected to change as follows:

The total number of equity shares is projected to increase from 2,56,93,264 to 3,64,06,343 after the scheme's implementation.

This strategic integration and corporate restructuring underscore VeeFin Solutions' commitment to building a future-ready lending ecosystem, empowering financial institutions to scale their operations with enhanced speed, precision, and confidence.