Veefin Solutions Ltd Receives Observation Letter from BSE for Proposed Scheme of Arrangement

Veefin Solutions Ltd has received an observation letter from BSE Limited in relation to the proposed scheme of arrangement and amalgamation of GlobeTF Solutions limited and Estorifi Solutions. The company had earlier approved the scheme, subject to regulatory approvals. BSE has now issued its observation letter, which is enclosed. The company also needs to comply with SEBI's comments on the draft scheme, including disclosing ongoing adjudication proceedings, prosecution, and enforcement actions against the company, its promoters, and directors. The scheme should not include financials more than 6 months old and should be acted upon subject to regulatory compliance.