Veefin Solutions Limited Holds Shar pHeholder Meeting for Proposed Scheme of Amalgamation
Veefin Solutions Limited convened a meeting of its equity shareholders on July 16, 2026, to discuss and approve a proposed Scheme of Amalgamation. The meeting was conducted via Video Conference (VC) and Other Audio Visual Means (OAVM) as per the directions issued by the National Company Law Tribunal (NCLT), Mumbai Bench.The proceedings were chaired by Mr. Venkata Subba Rao, Former Member (J) of the NCLT. Mrs. Payal Maisheri, Chief Financial Officer of the company, welcomed the shareholders and initiated the session.
Meeting Attendance and Participation
As of the record date of May 15, 2026, there were 4,989 shareholders on record. The participation details for the meeting are as follows:| Category | Promoter and Promoter Group | Public | Total |
|---|---|---|---|
| No. of Shareholders attended the meeting through Video Conferencing | 2 | 33 | 35 |
| Total | 2 | 33 | 35 |
Proposed Scheme of Amalgamation
The primary agenda of the meeting was to consider and approve a Scheme of Amalgamation involving Merger by Absorption. The specific details regarding the proposed merger are outlined below:| Sr. No. | Particulars | Type of resolution |
|---|---|---|
| 1. | To consider and approve the Scheme of Amalgamation (by way of Merger by Absorption) of GlobeTF Solutions Limited and Estorifi Solutions Limited with Veefin Solutions Limited and their respective shareholders. | Special Majority as prescribed under Sec. 230 (6) |
During the meeting, the Chief Financial Officer provided a briefing to the shareholders regarding the rationale behind the proposed Scheme. The company noted that no requests were received for specific shareholders to address the meeting, and no queries or comments were sought from the attendees regarding the arrangement.
Voting and Conclusion
The voting process was conducted electronically (e-voting). Mr. Ashwini Gupta, the Scrutinizer appointed by the NCLT, managed the orderly conduct of the electronic voting. The e-voting facility remained open for 15 minutes to allow attending equity shareholders to exercise their votes.The meeting concluded at 10:41 AM (IST). The voting results and the report from the Scrutinizer are scheduled to be submitted upon receipt of the final scrutiny report.
Stock Price Movement
Veefin Solutions Ltd shares settled lower by 0.29% to ₹310.25 at the close today. The stock fluctuated between a low of ₹306.10 and a high of ₹321.00 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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