Submission of Result of Postal Ballot (Conducted through E-voting Process) along with Scrutinizers report as per Regulation 44 and all other applicable regulations , if any , of the SEBI ....
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Veefin Solutions Ltd announced the results of its Postal Ballot conducted via e-voting from June 19 to July 18, 2025. Two special resolutions were passed with overwhelming shareholder approval of 99.83% (only 0.17% against). The first resolution grants approval under Section 180(1)(a) of the Companies Act, 2013, which gives the Board authority to borrow money, mortgage assets, or dispose of undertakings beyond certain limits. The second resolution approves material related party transactions for FY 2025-26, in which the promoter group is interested. Out of 2.39 crore total shares, only about 15.7 lakh shares (6.56%) were voted — promoters holding 84.5 lakh shares abstained from voting on both resolutions.
These are enabling approvals that give the company flexibility to raise funds, create charges on assets, and enter into related party deals during FY26. Shareholders should watch for actual transactions using these powers, especially the related party deals where promoters have a conflict of interest. Low voting turnout (6.56%) means the results largely reflect non-institutional and institutional public shareholders' views.