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, 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.