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.

Veefin Solutions Limited has issued a postal ballot notice on December 15, 2025, seeking shareholder approval for the regularisation of two independent director appointments. The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process for members to vote on the proposed resolutions.

E-Voting Schedule and Process

The remote e-voting facility will be available to shareholders according to the following timeline:

The company has appointed M/s. Maharshi Ganatra and Associates, Practicing Company Secretary, as the Scrutinizer to conduct the postal ballot through the e-voting process in a fair and transparent manner. Results will be announced within two working days from the end of the e-voting period.

Proposed Director Appointments

The postal ballot seeks approval for two special resolutions regarding independent director appointments:

Resolution 1: Mr. Amit Futarmal Jain

Mr. Jain was initially appointed as an Additional Director by the Board on October 15, 2025, subject to shareholder approval. He possesses extensive experience in finance management and is expected to contribute significantly towards fostering transparency, accountability, and ethical business practices within the company.

Resolution 2: Mr. Jimish Prakash Dedhia

Mr. Dedhia was appointed as an Additional Director by the Board on December 3, 2025. As a Partner at Abundance Capital Advisory, he has facilitated ₹1,500.00 crores in debt funding and supported 30 developers with structured transactions ranging from ₹25.00-100.00 crores.

Regulatory Compliance and Documentation

Both proposed appointments comply with the provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has received necessary consents, declarations, and confirmations from both candidates, including:

• Consent to act as Director and declaration of non-disqualification
• Declaration of meeting independence criteria
• Confirmation of registration with Independent Directors databank
• Completion of online proficiency self-assessment test requirements

The Nomination and Remuneration Committee has recommended both appointments based on the candidates' experience, expertise, and independence. Both directors will not be liable to retire by rotation as per Section 149(13) of the Companies Act, 2013.

Shareholder Information

The postal ballot notice is being sent electronically to members whose email addresses are registered with the company or depository participants as of the cut-off date. Members can access the notice on the company's website at www.veefin.com , BSE SME website at www.bsesme.com , and NSDL's e-voting platform. The resolutions, if passed by requisite majority, will be deemed to be passed on January 14, 2026, the last date of e-voting.