Submission of Result of Postal Ballot (conducted through e-voting process) along with Scrutinizer''s Report as per Regulation 44 and all other applicable regulations, if any, of SEBI LODR ....
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Veefin Solutions Ltd has informed BSE that shareholders approved an ordinary resolution through postal ballot (e-voting) to allow the company to enter into related party transactions with its related parties. The e-voting ran from March 20, 2025 to April 18, 2025. Out of 1,651,989 votes polled (6.89% of total share capital), 99.87% voted in favour and only 0.13% voted against. The promoter group, which was interested in the resolution, held 8,441,325 shares but did not participate in voting. The company noted that SEBI's Regulation 23 (related party transaction approval) formally became applicable to it only from April 1, 2025, but it voluntarily sought shareholder approval even before the rule came into effect, as a governance measure.
The resolution clears the way for Veefin Solutions to carry out related party transactions without needing separate shareholder approvals each time. Promoters abstaining from voting removed conflict-of-interest concerns and the overwhelming approval (99.87%) signals broad shareholder comfort with the company's related party dealings. No material price-moving impact expected.