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 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.