Veefin Solutions Ltd

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.

Veefin Solutions Ltd's Board of Directors approved the audited standalone and consolidated financial results for the year ended March 31, 2026, in its meeting held on May 13, 2026. The auditor, A D V & Associates, issued an unmodified opinion on the financial statements. The meeting commenced at 02.30 P.M. and concluded at 04.45 P.M.

Veefin Solutions Ltd's Board of Directors approved the audited standalone and consolidated financial results for the financial year ended March 31, 2026, in its meeting held on May 13, 2026. The statutory auditors, A D V & Associates, issued audit reports with an unmodified opinion on the financial statements. The board meeting commenced at 02.30 P.M. and concluded at 04.45 P.M.

NEDFi has partnered with Veefin Solutions to implement a digital lending ecosystem in Northeast India. Veefin will deploy a suite of cloud-hosted solutions, including LOS, LMS, and LCS, along with mobile applications and a customer portal. The aim is to enhance credit access, particularly for small borrowers in underserved areas, and expand NEDFi's financial product offerings. The platform will adhere to RBI's IT governance and outsourcing guidelines.

Veefin Solutions Ltd has scheduled a Board of Directors meeting on May 13, 2026, to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026, on a standalone and consolidated basis. The trading window, which closed on April 1, 2026, will reopen 48 hours after the financial results are announced.

Veefin Solutions' PSB Xchange has partnered with Central Bank of India to launch a dealer financing program for Shree Cement's extensive network of over 17,000 dealers and distributors. This initiative aims to improve liquidity and provide faster credit access, streamlining working capital cycles across Shree Cement's distribution chain. The platform facilitates seamless financing access from participating lenders, with Central Bank of India as the primary financing partner. This collaboration seeks to expand formal credit access to the MSME sector by embedding financing within corporate supply chains, enhancing transparency and reducing operational friction.

Veefin Solutions Ltd's PSB Xchange platform has onboarded RR Kabel, a prominent wires and cables manufacturer, to launch a Dealer Financing Program. This initiative aims to enhance liquidity across RR Kabel's distribution network by providing structured working capital access to its dealers through a standardized, digital financing infrastructure. The program will enable dealers to access financing seamlessly from participating lenders. For PSB Xchange, this expands its corporate ecosystem and offers lenders access to structured dealer financing opportunities, reducing fragmentation and accelerating program deployment. The collaboration is expected to strengthen dealer liquidity, improve inventory cycles, and support business growth for RR Kabel.

Veefin Solutions Ltd has appointed Mr. Anil Kukreja as the Business Head– South Asia. Mr. Kukreja has over 20 years of experience in the BFSI sector, with expertise in payments, digital transformation, and enterprise technology sales across India and South Asia. He has held leadership positions at Euronet, M2P Fintech, and Kyndryl, managing marquee banking relationships and leading strategic engagements. His appointment is expected to strengthen Veefin’s regional footprint and accelerate its next phase of growth.

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.

Veefin Solutions Ltd, in compliance with SEBI regulations and its own Code of Conduct, has announced the closure of the trading window for all Directors, Promoters, Designated Persons, and Specified Connected Persons. The closure will be in effect from April 01, 2026, until 48 hours after the announcement of the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The trading window will reopen 48 hours after the financial results are declared by the company to the Stock Exchanges.