Veefin Solutions Board Approves AGM, ESOPs, and ₹500 Cr Limit Enhancements
Veefin Solutions Ltd's Board of Directors met on September 2, 2026, approving key corporate actions. The 6th Annual General Meeting is scheduled for September 29, 2026. The board approved the appointment of Mr. Ajay Rajendran as Director and M/s. Mittal & Associates as Internal Auditors for FY27. Significant approvals include an increase in employee stock options under ESOP 2023 to 48,00,000, and enhancements to borrowing and investment limits under Sections 180(1)(a), 180(1)(c), 185, and 186 of the Companies Act, 2013, each up to ₹500 crores, subject to shareholder approval. The board also noted and clarified a ₹5,900 fine levied by BSE for delayed disclosure of related party transactions due to a technical error.
Key Highlights
- AGM scheduled for September 29, 2026, with e-voting details approved.
- Employee stock options increased to 48,00,000 under ESOP 2023.
- Borrowing and investment limits enhanced to ₹500 crores under various sections.
- Internal auditors appointed for FY27; Director re-appointment proposed.
- Board noted and clarified a ₹5,900 fine for delayed RPT disclosure.
Price Impact
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