Veefin Solutions Limited, a company listed on the BSE SME platform, held an Extraordinary General Meeting (EGM) on October 13, 2025, via video conference. The meeting, which lasted from 5:33 PM to 5:42 PM, saw the participation of 39 members and was chaired by Raja Debnath, the Chairman & Managing Director of the company.

Key Resolutions Passed

The EGM focused on three significant resolutions, all of which were passed by the requisite majority through a combination of remote e-voting and electronic voting during the meeting:

1. Increase in Authorized Share Capital
2. Issuance of Equity Shares to Non-Promoters
3. Issuance of Convertible Warrants to Promoters and Non-Promoters

Details of the Resolutions

Voting Process

The company provided a comprehensive voting process to ensure maximum participation:

• Remote e-voting was available from October 9, 2025 (9:00 AM) to October 12, 2025 (5:00 PM).
• Additional electronic voting facility was provided during the EGM and for 15 minutes after its conclusion.

Corporate Governance

In compliance with regulatory requirements, Veefin Solutions appointed M/s. Maharshi Ganatra & Associates as the scrutinizer for the EGM. The company assured that the voting results would be made available on its website, displayed on the BSE SME platform, and on the website of National Securities Depository Limited (NSDL), the e-voting agency.

Management Presence

The EGM saw full attendance from the board of directors, including:

• Raja Debnath (Chairman & Managing Director)
• Gautam Udani (Whole Time Director)
• Gourav Saraf, Bhavesh Chheda, and Deepti Sharma (Non-Executive Independent Directors)
• Afzal Modak and Ajay Rajendran (Non-Executive Directors)
• Matthew Simon Gamser (Non-Executive Director, attending from the United States)

Key management personnel present included Payal Maisheri (Chief Financial Officer) and Urja Thakkar (Company Secretary & Compliance Officer).

The successful conclusion of this EGM marks a significant step for Veefin Solutions Limited, potentially paving the way for capital expansion and strategic growth initiatives.

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.