Outcome of the meeting of Board of Directors pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Veefin Solutions' Board met on September 1, 2025, and approved several items. Mr. Raja Debnath, a Director retiring by rotation, will be re-appointed subject to shareholder approval at the upcoming 5th AGM scheduled for September 26, 2025 (via video conferencing). The Board appointed M/s. Maharshi Ganatra & Associates as Secretarial Auditor for five years (FY 2025-26 to 2029-30) and M/s. Mittal & Associates as Internal Auditor for FY 2025-26. The Directors' Report for FY ending March 31, 2025 was also approved. Additionally, the company expanded its ESOP 2023 pool by adding 10 lakh new stock options, raising the total from 28 lakh to 38 lakh options, which could lead to dilution of up to 38 lakh equity shares of Rs. 10 face value upon exercise.
Shareholders should note the potential dilution from the expanded ESOP pool, though it depends on how many options are actually granted and exercised. The AGM on September 26 is the key date — shareholders need to be on the record by the cut-off date of September 19, 2025 to vote on these matters including the ESOP expansion and director re-appointment.