Veefin Solutions LIMITED, a company listed on the Bombay Stock Exchange (BSE: 543931), has announced the appointment of Mr. Amit Jain as an Additional Non-Executive Independent Director, effective October 15, 2025. This strategic move aims to enhance the company's corporate governance and bring valuable expertise to its board.

Key Appointment Details

Professional Background

Mr. Amit Jain brings a wealth of experience to Veefin Solutions:

• Chartered Accountant and member of the Institute of Chartered Accountants of India
• Over 30 years of extensive experience in finance management
• More than 20 years of experience specifically in the mutual fund industry

Appointment Process and Compliance

The appointment of Mr. Jain was made based on the recommendation of the Nomination and Remuneration Committee and approved by the Board of Directors. This decision aligns with the requirements of the Companies Act, 2013, and SEBI Listing Regulations.

Veefin Solutions has confirmed that Mr. Amit Jain has not been debarred from holding the office of Director by any order issued by SEBI or any other authorities, as required by stock exchange circulars.

Impact on Corporate Governance

The addition of Mr. Jain to the board is expected to:

• Foster transparency and accountability within the company
• Strengthen ethical business practices
• Enhance investor confidence
• Support long-term growth strategies

Board Meeting Details

The board meeting where this appointment was approved took place on October 15, 2025:

• Meeting commencement: 3:30 PM
• Meeting conclusion: 4:25 PM

This appointment represents a significant step for Veefin Solutions in strengthening its leadership team with experienced professionals. As the company moves forward, the expertise of Mr. Amit Jain in finance management and the mutual fund industry is likely to contribute to its strategic decision-making and corporate governance practices.

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.