Veefin Solutions Limited has disclosed the outcome of the unsecured creditors' meeting convened pursuant to the directions of the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench.

Key Quantitative Figures

  • Total value of valid votes polled: INR 31,92,31,256 (₹31.92 crore)
  • Number of unsecured creditors who voted: 22
  • Votes in favor: 100% by value (INR 31,92,31,256)
  • Votes against: 0
  • Invalid votes: 0

Dates of Action

  • NCLT Order date: 13th May 2026
  • Remote e-voting period: From 10:00 a.m. IST on 30th June 2026 to 5:00 p.m. IST on 16th July 2026
  • E-voting at meeting: From 10:00 a.m. IST to 10:23 a.m. IST on 17th July 2026
  • Cut-off date for determining voting rights: 31st March 2026
  • Scrutinizer's Report date: 17th July 2026
  • Company disclosure date: 20th July 2026

Parties Involved

  • Transferor Companies: GlobeTF Solutions Limited (formerly GlobeTF Solutions Private Limited) and Estorifi Solutions Limited (formerly Estorifi Solutions Private Limited)
  • Regulatory Authority: Hon'ble National Company Law Tribunal, Mumbai Bench
  • Scrutinizer: Mr. Ashwini Gupta, Practising Company Secretary (appointed by NCLT)
  • Company Representatives: Urja Harsh Thakkar (Company Secretary & Compliance Officer), Payal Maisheri (Chief Financial Officer)

Purpose and Rationale

The meeting was convened to seek approval from unsecured creditors for the Scheme of Arrangement and Amalgamation (by way of Merger by Absorption) of GlobeTF Solutions Limited and Estorifi Solutions Limited with Veefin Solutions Limited and their respective shareholders.

Voting Process Details

  • The Hon'ble NCLT appointed Mr. Ashwini Gupta as Scrutinizer for the voting process
  • Quorum requirements were met as per NCLT order
  • 22 unsecured creditors participated in the entire voting process
  • 15 creditors were present at the meeting via video conferencing/audio visual means
  • The resolution was passed by majority representing three-fourth in value of the unsecured creditors casting their vote

Next Steps

The Scheme has been approved by unsecured creditors with requisite majority as required under Section 230(6) of the Companies Act, 2013. The voting details and relevant records will be handed over to the company's Chief Financial Officer for safe keeping as provided under the Act.