Merger13 May 2026, 08:01 pm
Veefin Solutions NCLT Order on Amalgamation Scheme
AI Summary
Veefin Solutions Ltd received an order from the National Company Law Tribunal (NCLT), Mumbai Bench, approving the Scheme of Arrangement and Amalgamation involving GlobeTF Solutions Limited and Estorifi Solutions Limited with Veefin Solutions Limited. The NCLT order, dated 13th May 2026, allows the Company Scheme Application (C.A.(CAA)/92/MB-IV/2026) with specified directions. The appointed date for the scheme is 01.04.2026. The amalgamation aims to broaden the product portfolio, achieve business synergies, and improve operational efficiency.
Key Highlights
- NCLT approves Veefin Solutions' amalgamation scheme.
- GlobeTF Solutions and Estorifi Solutions to merge into Veefin.
- The appointed date for the scheme is April 1, 2026.
- Amalgamation aims to broaden product portfolio and achieve synergies.
- Order was uploaded on NCLT website on May 13, 2026.