Veefin Solutions Ltd

Dematerialisation/rematerialisation status

• Regulation 74(5) not applicable; all shares are in demat form.
• No dematerialisation/rematerialisation requests received during the quarter ended 30 September 2026.

AGM Details

• Date/time/mode: 29 Sep 2026, 5:30 PM, via VC/OAVM.
• Deemed venue: registered office address.
• Quorum: 43 members; proxies not allowed for VC/OAVM.
• E-voting available post-meeting; closes 30 minutes after conclusion.

Ordinary resolutions

• 1A/1B: Adoption of standalone and consolidated financial statements.
• 3: Approval under Section 180(1)(a) of the Companies Act, 2013.
• 4: Increase in borrowings limits under Section 180(1)(c).
• 5: Approve loans/guarantees/security for subsidiary borrowings.
• 6: Increase in aggregate limits of loans/investments/guarantees.
• 7: Increase in ESOPs under Veefin ESOP Plan 2023.

Material related party transactions (RPTs)

• 8: RPT with Raja Debnath (MD).
• 9: RPT with Gautam Udani (WTD).
• 10: RPT with Estorifi Solutions Limited.
• 11: RPT with Infini Systems Limited.
• 12: RPT with Veefin Capital Private Limited.
• 13: RPT with FE Ventures Private Limited.
• 14: RPT with White Rivers Media Solutions Private Limited.
• 15: RPT with Nityo Tech Private Limited.
• 16: RPT with GlobeTF Solutions Limited.
• 17: RPT between Infini Systems Limited and Raja Debnath.
• 18: RPT between Infini Systems Limited and Gautam Udani.
• 19: RPT between Infini Systems Limited and Nityo Tech.
• 20: RPT between Infini Systems Limited and White Rivers Media Solutions.
• 21: RPT between Infini Systems Limited and FE Ventures Private Limited.
• 22: RPT between Estorifi Solutions Limited and Raja Debnath.
• 23: RPT between Estorifi Solutions Limited and Gautam Udani.
• 24: RPT between White Rivers Media Solutions and Shrenik Gandhi.
• 25: RPT between White Rivers Media Solutions and Meetesh Kothari.
• 26: RPT between White Rivers Media Solutions and Jigar Zatakia.
• 27: RPT between White Rivers Media Solutions and FE Ventures Private Limited.
• 28: RPT between White Rivers Media Solutions and Nityo Tech.
• 29: RPT between White Rivers Media Solutions and Gautam Udani.
• 30: RPT between FE Ventures Private Limited and Shrenik Gandhi.
• 31: Sale of WRM shares from Nityo Tech to Infini Systems.

Director changes

• Re-appointment of Ajay Rajendran by rotation.

Auditor appointments

• Statutory Auditor present; no appointment changes announced.

Veefin Solutions Ltd — Trading window closed from 01 October 2026 until 48 hours after the declaration of Financial Results for the quarter and half year ended September 30, 2026

Encumbrance details

• Event: Creation of pledge on promoter shares of Veefin Solutions Limited.
• Target company: Veefin Solutions Limited, listed on the BSE SME Platform.
• Encumbrance type: Pledge on promoter shares.
• Encumbered shares: 25,69,171 shares (9.64% of total share capital).
• Promoters involved: Raja Debnath and Gautam Udani.
• Favouring entity: Axis Trustee Services Limited (Axis Bank).
• Instrument relation: Unrated, unlisted secured NCDs issued by Nityo Tech Private Limited.
• Amount involved: ₹45 crore facility.
• End-use: working capital, general corporate purposes, capex, debt refinancing.
• Pledge date: 18 September 2026.
• Value of encumbered shares on event date: INR 72.67 crore.
• Promoter holding: 34.73% of total share capital.
• Total encumbered promoter stake: 95.26% of promoter holding.

Migration to Mainboard

• In-principle approval from BSE to migrate Veefin's equity shares from SME to Mainboard (dated Sep 11, 2026).
• Company progressing with final listing formalities; effective trading date to be communicated.
• Announcement attached as Annexure-1; letter reference LO MIGRATION PJ IP 274 2026-27.
• Filing date: September 21, 2026.

Promoter share pledge creation

• Veefin Solutions Limited disclosed creation of a pledge on promoter shares.
• Promoters Gautam Udani and Raja Debnath pledged 6,12,647 shares (2.30% of total).
• Encumbrance is in favour of Axis Trustee Services Limited.
• Date of creation: 09 September 2026; end use: working capital and general corporate purposes.
• Borrowing amount: INR 45 crore; ratio 0.39:1.
• Total promoter shareholding: 88,69,525 shares (34.73%).
• Pledged shares account for 2.30% of total share capital.
• Promoters involved: Gautam Udani and Raja Debnath.
• Debt borrower secured: Nityo Tech Private Limited (step-down subsidiary).

Migration and listing plan

• Veefin initiated migration of equity shares from BSE SME Platform to BSE Main Board.
• Proposed direct listing on NSE Main Board after regulatory approvals.
• Information Memorandum submitted to BSE; listing subject to approvals.
• No equity shares are proposed to be sold under the Memorandum.

Company evolution and operations

• Evolves from SME listing to a multi-product enterprise banking software platform.
• Products span Supply Chain Finance, Trade Finance, Cash Management, Digital Banking.
• Operations expanded across India, Asia, Africa, and the Middle East.