Summary of proceedings of the Extra Ordinary General Meeting of the Company held on Monday, 13th October, 2025 via video conferencing/ other audio- visual means.
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Veefin Solutions held an Extra Ordinary General Meeting on October 13, 2025, via video conferencing, attended by 39 members and all 8 directors. Three key resolutions were passed by the shareholders through e-voting: (1) an Ordinary Resolution to increase the Authorised Share Capital of the company and amend the Memorandum of Association accordingly, (2) a Special Resolution to issue 12,99,857 equity shares of face value Rs 10 each to non-promoters on a preferential basis, and (3) a Special Resolution to issue 11,12,820 warrants convertible into equity shares of Rs 10 face value to promoters and non-promoters on a preferential basis. The Chairman, Mr. Raja Debnath, briefly addressed shareholders on the company's progress and the upcoming preferential issue round. All items of business were approved by the requisite majority. Voting results were to be submitted separately.
The approved resolutions enable the company to raise fresh capital via a preferential issue of equity shares and convertible warrants to promoters and non-promoters, along with an increase in authorised share capital to accommodate these issuances. Shareholders should expect potential dilution once the shares and warrants are allotted, though the capital infusion may support the company's growth plans.