Change in Director / Key Managerial Personnel

Nature of change: Resignation of existing CFO and appointment of new CFO

Resignation Details:

  • Mrs. Payal Maisheri resigned as Chief Financial Officer and Key Managerial Personnel
  • Effective date: 14th November 2026
  • Reason: Pursuing other career opportunities in the financial services sector
  • Confirmed no material reasons for resignation other than stated
  • DIN not provided in the resignation letter

Appointment Details:

  • Mr. Tejas Sampat appointed as Chief Financial Officer
  • Effective date: 14th November 2026
  • Appointment approved by Board of Directors based on recommendations of Nomination and Remuneration Committee and Audit Committee

Profile of New CFO - Mr. Tejas Sampat:

  • Brings nearly 17 years of professional experience
  • Previously served as Director at Ernst & Young (EY)
  • Held senior leadership responsibilities at EY
  • Led significant and complex transactions for India's largest business conglomerates
  • Experience spans key areas including:
  • Mergers and acquisitions
  • Taxation
  • Transaction advisory
  • Corporate finance
  • Strategic financial matters
  • No directorships in other listed entities
  • No relationship with any existing directors of the company

Previous KMP: Mrs. Payal Maisheri joined Veefin during its pre-IPO phase and played pivotal roles in:

  • Planning and execution of Company's IPO
  • Successful listing
  • Migration to Main Board
  • Building and leading the finance function
  • Navigating financial, regulatory and governance requirements

Key Financial or Operational Approvals

Board Meeting Details:

  • Meeting held on 14th November 2026
  • Commenced at 10:00 a.m.
  • Concluded at 10:30 a.m.
  • Approved appointment of Mr. Tejas Sampat as CFO

Strategic or Business Context

Company Background:

  • Veefin Solutions Limited is a technology company providing enterprise software platforms and solutions
  • Serves banks, financial institutions and corporates globally
  • Solutions span supply chain finance, lending, trade finance, cash management and other banking/financial technology domains

Strategic Context for CFO Transition:

  • Transition occurs at an exciting stage in Veefin's growth journey
  • Company is building on foundation established over years
  • Continuing to pursue strategic priorities
  • Approaching completion of important simplification of corporate structure

New CFO's Focus Areas:

  • Financial strategy
  • Corporate finance
  • Governance
  • Investor relations
  • Strategic transactions
  • Working with leadership team to support business priorities
  • Long-term value creation
  • Strategic capital allocation
  • Greater financial and operational efficiency
  • More streamlined and agile organization

Any Other Material Information

Regulatory Compliance:

  • Disclosure made pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • References SEBI Master Circular dated November 11, 2024 read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026
  • Trading Symbol: VEEFIN

Company Details:

  • Company Secretary and Compliance Officer: Ms. Urja Thakkar