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Awaiting price reaction for this filing.
Veefin Solutions has issued a corrigendum to its EGM notice originally circulated on September 20, 2025, ahead of the EGM scheduled for October 13, 2025 at 5:30 PM. The meeting mode has been changed from physical to virtual (VC/OAVM) in line with the latest MCA circular dated September 22, 2025, which means no proxy form or attendance slip is needed. The 'Relevant Date' for pricing the preferential allotment has been shifted from September 13, 2025 to September 12, 2025, resulting in a revised issue price of ₹391 per share (₹381 premium). Correspondingly, the total size of Resolution No. 2 stands revised to about ₹50.82 crore and Resolution No. 3 to about ₹43.51 crore. The company has also detailed how the funds will be used — international expansion (₹10 crore), product development including scaling PSBXchange (₹49.33 crore), global sales & marketing (₹12 crore), and general corporate purposes (₹23 crore). Promoter shareholding post-issue will marginally change, with Gautam Udani at around 5.40–5.75% and Raja Debnath at around 29.13–29.26%.
No change to the fundamentals of the preferential issue — only the meeting format, pricing reference date, and resulting issue price/amounts have been corrected. Shareholders should note the meeting is now virtual and review the revised price of ₹391/share before voting on October 13.