Notice of the 5th Annual General Meeting of the Company
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Veefin Solutions Limited has issued the notice for its 5th Annual General Meeting, scheduled for Friday, September 26, 2025 at 3:00 PM, to be held via video conferencing. Ordinary business includes adopting the audited standalone and consolidated financial statements for FY ended March 31, 2025, and re-appointing Mr. Raja Debnath (Managing Director) who retires by rotation. A special business proposal seeks appointment of M/s Maharshi Ganatra and Associates as Secretarial Auditors for a five-year term covering FY 2025-26 to FY 2029-30. Several items seek shareholder approval for material related party transactions for FY 2025-26, including revolving loan facilities of up to Rs 50 crore each from promoters Raja Debnath and Gautam Udani. Additional related party approvals cover services, revolving loans, and corporate guarantees with multiple subsidiaries and group companies (Infini Systems, Estorifi Solutions, GlobeTF, Veefin Capital, Nityo Tech, Regime Tax Solutions, Epikindifi, FE Ventures, White Rivers Media) with individual transaction limits ranging from Rs 10 crore to Rs 100 crore.
Shareholders will need to vote on a large number of related party transaction approvals, especially the substantial inter-company financial arrangements and corporate guarantees between the company and its subsidiaries. While the promoter loan commitments indicate continued financial backing, the scale and breadth of intra-group transactions may warrant close governance scrutiny.