Veefin Solutions Limited Grants 4,00,000 Stock Options to Employees Under ESOP 2023 Scheme

Veefin Solutions Limited has announced the grant of 4,00,000 stock options to eligible employees under its Employee Stock Option Scheme 2023 (ESOP 2023). The company's Nomination and Remuneration Committee approved this grant during their meeting held on January 20, 2026, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Grant Details and Pricing Structure

The stock option grant covers significant ground in employee compensation, with each option exercisable into an equal number of equity shares. The company has structured the grant with specific financial parameters that align with regulatory requirements.

Parameter	Details
Total Options Granted	4,00,000 options
Price per Option	₹10.00
Face Value per Share	₹10.00
Exercise Ratio	1:1 (one option = one equity share)

Vesting and Exercise Framework

The ESOP 2023 scheme incorporates a flexible vesting structure designed to retain talent over extended periods. The vesting timeline provides employees with long-term incentive alignment while ensuring commitment to the organization.

Aspect	Specification
Minimum Vesting Period	12 months from grant date
Maximum Vesting Period	72 months from grant date
Vesting Commencement	After completion of 12 months
Exercise Window	Any time during employment

Regulatory Compliance and Documentation

The grant aligns with SEBI (Share Based Employee Benefits) Regulations, 2021, ensuring full regulatory compliance. The company has fulfilled all disclosure requirements under the SEBI Listing Regulations, with comprehensive documentation submitted to BSE Limited.

Key regulatory aspects include:

Compliance with SEBI (SBE) Regulations, 2021
Full disclosure under Regulation 30 requirements
Adherence to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023

Current Status and Future Implications

As of the grant date, no options have been exercised, and no money has been realized from option exercises. The options will lapse according to the terms specified in the Veefin ESOP scheme 2023 if not exercised within the stipulated timeframe or if employment conditions are not met.

The company secretary and compliance officer, Urja Thakkar (ACS 42925), has signed the disclosure documents, confirming the accuracy and completeness of the information provided to the stock exchange and regulatory authorities.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-6.60%	-10.60%	-24.00%	-22.36%	-47.60%	+217.00%

Veefin Solutions Limited has announced the successful regularisation of appointments for two Non-Executive Independent Directors following shareholder approval through postal ballot voting. The company informed BSE Limited on January 20, 2026, regarding the completion of this corporate governance milestone.

Shareholder Approval and Appointment Details

The shareholders of Veefin Solutions Limited approved the regularisation of appointments through remote e-voting, with the postal ballot concluding on January 14, 2026. Both appointments are effective from January 14, 2026, for a term of five consecutive years.

Parameter:	Details
Approval Method:	Remote e-voting through postal ballot
Effective Date:	January 14, 2026
Term Duration:	5 consecutive years
Regulation:	SEBI LODR Regulation 30

Newly Appointed Directors

The company has regularised the appointments of two experienced professionals to strengthen its board composition:

Director:	Designation	DIN
Mr. Jimish Dedhia:	Non-Executive Independent Director	11406816
Mr. Amit Jain:	Non-Executive Independent Director	00244509

Professional Background of Mr. Jimish Dedhia

Mr. Jimish Dedhia brings substantial finance expertise to the board with over 15 years of experience in debt syndication, project finance, and capital structuring. He holds an MBA in Finance from 2010 and has established a strong track record advising mid-sized businesses on funding strategy, risk assessment, and financial governance.

As a Partner at Abundance Capital Advisory, Mr. Dedhia has achieved significant milestones in the financing sector:

Facilitated over ₹1,500 crore in debt funding
Supported more than 30 developers
Structured transactions ranging from ₹25-100 crore
Expertise in construction finance, structured debt, and liquidity optimisation

His professional competencies include credit evaluation, financial modelling, and compliance, bringing strategic insights particularly valuable for technology-driven businesses in the fintech and supply chain finance space.

Professional Background of Mr. Amit Jain

Mr. Amit Jain is a Chartered Accountant and member of the Institute of Chartered Accountants of India, bringing over 30 years of extensive finance management experience. His professional journey includes more than 20 years specifically in the mutual fund industry, providing deep insights into financial markets and investment management.

His extensive experience and professional expertise are expected to contribute significantly towards fostering transparency, accountability, and ethical business practices within the company, thereby strengthening investor confidence and supporting long-term growth initiatives.

Independence and Governance

Both newly appointed directors maintain complete independence from the existing board structure. Neither Mr. Dedhia nor Mr. Jain has any relationships with current directors of the company, ensuring objective oversight and governance. The appointments align with SEBI regulations and strengthen the company's commitment to robust corporate governance practices.

The regularisation was completed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.