Appointment of M/s Maharshi Ganatra & Associates, PCS having COP no. 14520, as the Secretarial Auditor of the company to conduct Secretarial Audit for term of five consecutive years commencing ....
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Veefin Solutions' board, at its September 1, 2025 meeting, approved several routine items. Mr. Raja Debnath (DIN: 07658567) was re-appointed as a director (retiring by rotation), subject to shareholder approval. M/s. Maharshi Ganatra & Associates (COP: 14520) was appointed as Secretarial Auditor for five consecutive years (FY 2025-26 to FY 2029-30), and M/s. Mittal & Associates was appointed as Internal Auditor for FY 2025-26. The 5th Annual General Meeting is scheduled for September 26, 2025 via video conferencing. Additionally, the ESOP 2023 pool was expanded from 28 lakh to 38 lakh options (an additional 10 lakh options), subject to shareholder approval, potentially leading to further dilution. As of date, 24.82 lakh options have been granted, 10.88 lakh exercised, and 7,066 lapsed.
The auditor appointments and director re-appointment are routine governance items and unlikely to move the stock. The ESOP pool expansion by 10 lakh shares represents potential future dilution and signals the company's intent to retain and incentivise employees, which shareholders should weigh at the upcoming AGM.