
Merger20 Jul 2026, 08:30 pm
Veefin Solutions: Secured Creditors Approve Merger Scheme
AI Summary
Veefin Solutions Ltd announced that its secured creditors have approved the Scheme of Amalgamation by way of Merger by Absorption. The resolution was passed with the requisite majority during a meeting convened by the National Company Law Tribunal (NCLT) on July 17, 2026. The merger involves GlobeTF Solutions Limited and Estorifi Solutions Limited with Veefin Solutions Limited. The approval was confirmed by a scrutinizer's report, with 100% of the valid votes cast in favor of the resolution, representing INR 25,00,00,000 in value.
Key Highlights
- Secured creditors approved the merger scheme with Veefin Solutions Ltd.
- The merger involves GlobeTF Solutions and Estorifi Solutions.
- Resolution passed with 100% of valid votes in favor.
- Total value of valid votes polled was INR 25,00,00,000.
- Approval obtained as per NCLT directions and Companies Act, 2013.
Price Impact
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