Veefin Solutions MD, chairman and AGM
BSE: 543931IT - ServicesSmall Cap
Share price at the BSE close on 29 Oct 2026. Previous close ₹233.45.
29 Oct: open ₹234.05, high ₹248.00, low ₹227.55
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹619 Cr1,640th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- Owners' profit not stated
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.00
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.21
- Volume, BSEVolume. Shares traded on the last trading day. Volume in the glossary
- 66,600
Veefin Solutions' chairperson and managing director is RAJA DEBNATH, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 29 Sep 2026.
Veefin Solutions board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorRAJA DEBNATH
10 directors5 independent2 executive3 non-executive
- RAJA DEBNATH · Chairperson and managing directorExecutive · joined Oct 2020 · reappointed Jan 2023 · 1 listed board · 2 committee seats
- GAUTAM VIJAY UDANIExecutive · joined Oct 2020 · reappointed Jan 2023 · 1 listed board · 1 committee seat
- AJAY RAJENDRANNon-executive · joined Dec 2020 · reappointed Nov 2021 · 1 listed board
- MATTHEW SIMON GAMSERNon-executive · joined Aug 2024 · reappointed Sep 2024 · 1 listed board
- AFZAL MOHAMMED MODAKNon-executive · joined Nov 2023 · reappointed Feb 2024 · 1 listed board
- GOURAV SARAFIndependent · joined Aug 2024 · reappointed Sep 2024 · 25 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
- BHAVESH SHAMJI CHHEDAIndependent · joined Aug 2024 · reappointed Sep 2024 · 25 months as independent · 1 listed board · 1 as independent
- DEEPTI SHARMAIndependent · joined Mar 2023 · reappointed Mar 2023 · 43 months as independent · 2 listed boards · 2 as independent · 1 committee seat
- JIMISH PRAKASH DEDHIAIndependent · joined Dec 2025 · reappointed Jan 2026 · 10 months as independent · 1 listed board · 1 as independent
- AMIT FUTARMAL JAINIndependent · joined Oct 2025 · reappointed Jan 2026 · 12 months as independent · 1 listed board · 1 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 2 Sep 20268 of 10 present5 independent · 20 days in between
- 12 Aug 20268 of 10 present5 independent · 10 days in between
- 1 Aug 20268 of 10 present5 independent · 7 days in between
- 24 Jul 20268 of 10 present5 independent · 37 days in between
3 earlier meetings
- 16 Jun 20268 of 10 present5 independent · 33 days in between
- 13 May 20267 of 10 present5 independent · 36 days in between
- 6 Apr 20267 of 10 present5 independent
Audit Committee
Chair GOURAV SARAF
DEEPTI SHARMA, RAJA DEBNATH
- 2 Sep 20263 of 3 present2 independent · 20 days in between
- 12 Aug 20263 of 3 present2 independent · 10 days in between
- 1 Aug 20263 of 3 present2 independent · 7 days in between
- 24 Jul 20263 of 3 present2 independent · 71 days in between
2 earlier meetings
- 13 May 20263 of 3 present2 independent · 36 days in between
- 6 Apr 20263 of 3 present2 independent
Nomination and remuneration committee
Chair DEEPTI SHARMA
GOURAV SARAF, AJAY RAJENDRAN
- 2 Sep 20262 of 3 present2 independent
- 6 Apr 20262 of 3 present2 independent
Stakeholders Relationship Committee
Chair GOURAV SARAF
RAJA DEBNATH, GAUTAM VIJAY UDANI
- 11 Sep 20263 of 3 present1 independent · 8 days in between
Internal Compliant Committee
Chair Payal Mehul Maisheri
GAUTAM VIJAY UDANI, Urja Thakkar
No meeting listed in the filing.
External Compliant Committee
Pritha Dubey
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Veefin Solutions AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.
Annual general meeting, 29 Sep 2026
4,875 shareholders on the register on 22 Sep 2026; present: 2 promoters and 41 others; votes counted by Maharshi Ganatra / Maharshi Ganatra and Associates.The company's voting result
A) To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the report of the Board of Directors and Auditors thereon. B) To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of Auditor thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 40.98% · promoters 100.00% · institutions 11.30% · other public 9.51%
To appoint a Director in place of Mr. Ajay Rajendran (DIN No. 03565312), Director, who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 40.98% · promoters 100.00% · institutions 11.30% · other public 9.51%
- Approval under Section 180(1)(a) of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 40.98% · promoters 100.00% · institutions 11.30% · other public 9.51%
- Approval for Increase in Borrowings Limits of the Company under section 180(1)(c) of Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 40.98% · promoters 100.00% · institutions 11.30% · other public 9.51%
Approval for giving loan or guarantee or providing security in connection with loan availed by any of the Company's Subsidiary(ies) or any other person specified under section 185 of the Companies Act, 2013.MoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
- Approval of Increase in Limits of Loans and/or Investments and/or Guarantees or provide security under Section 186 of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 40.98% · promoters 100.00% · institutions 11.30% · other public 9.51%
- To consider and approve increase in the aggregate number of employee stock options and equity shares reserved under 'Veefin - Employee Stock Option Plan 2023'.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 40.98% · promoters 100.00% · institutions 11.30% · other public 9.51%
- To approve Material Related Party Transactions to be entered between Veefin Solutions Limited ("Company") and Mr. Raja Debnath (DIN: 07658567), Managing Director of the Company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
- To approve Material Related Party Transactions to be entered between Veefin Solutions Limited ("Company") and Mr. Gautam Udani (DIN: 03081749), Whole Time Director of the Company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
- To approve material Related Party Transaction(s) between the Veefin Solutions Limited ("Company") and Estorifi Solutions Limited, a subsidiary of the Company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
- To approve material Related Party Transaction(s) between the Veefin Solutions Limited ("Company") and Infini Systems Limited, a subsidiary of the Company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
- To approve material Related Party Transaction(s) between the Veefin Solutions Limited ("Company") and Veefin Capital Private Limited, a subsidiary of the Company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
- To approve material Related Party Transaction(s) between the Veefin Solutions Limited ("Company") and FE Ventures Private Limited, a step down subsidiary of the Company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
- To approve material Related Party Transaction(s) between the Veefin Solutions Limited ("Company") and White Rivers Media Solutions Private Limited, a step down subsidiary of the Company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
- To approve material Related Party Transaction(s) between the Veefin Solutions Limited ("Company") and Nityo Tech Private Limited, a step down subsidiary of the Company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
- To approve material Related Party Transaction(s) between the Veefin Solutions Limited ("Company") and GlobeTF Solutions Limited, a subsidiary of the Company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
- To approve Material Related Party Transactions to be entered between Infini Systems Limited, subsidiary of the Company and Mr. Raja Debnath (DIN: 07658567), Director of Infini Systems Limited.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
- To approve Material Related Party Transactions to be entered between Infini Systems Limited, a subsidiary of the Company with Mr. Gautam Udani (DIN: 03081749), Director of the Infini Systems Limited.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
- To approve material Related Party Transaction(s) between Infini Systems Limited, a subsidiary of the Company and Nityo Tech Private Limited, a subsidiary of the Company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
- To approve material Related Party Transaction(s) between Infini Systems Limited, a subsidiary of the Company and White Rivers Media Solutions Private Limited, a subsidiary of the Company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
- To approve material Related Party Transaction(s) between the Infini Systems Limited, a subsidiary of the Company and FE Ventures Private Limited, a subsidiary of the Company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
To approve Material Related Party Transactions to be entered between the Estorifi Solutions Limited, a subsidiary of the Company and Mr. Raja Debnath (DIN: 07658567), Whole Time Director of the Estorifi Solutions Limited.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
To approve Material Related Party Transactions to be entered between the Estorifi Solutions Limited, a subsidiary of the Company and Mr. Gautam Udani (DIN: 03081749), Director of the Estorifi Solutions Limited.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
To approve Material Related Party Transactions to be entered between the White Rivers Media Solutions Private Limited, a subsidiary of the Company and Mr. Shrenik Gandhi (DIN: 05351426), Director of the White Rivers Media Solutions Private Limited.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
To approve Material Related Party Transactions to be entered between the White Rivers Media Solutions Private Limited, a subsidiary of the Company and Mr. Meetesh Kothari (DIN: 07529702), Director of the White Rivers Media Solutions Private Limited.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
To approve Material Related Party Transactions to be entered between the White Rivers Media Solutions Private Limited, a subsidiary of the Company and Mr. Jigar Zatakia (Shareholder) of White Rivers Media Solutions Private Limited.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
- To approve material Related Party Transaction(s) between the White Rivers Media Solutions Private Limited a subsidiary of the Company and FE Ventures Private Limited, a subsidiary of the Company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
To approve material Related Party Transaction(s) between the White Rivers Media Solutions Private Limited a subsidiary of the Company and Nityo Tech Private Limited, a Fellow subsidiary of the White Rivers Media Solutions Private Limited.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
To approve Material Related Party Transactions to be entered between the White Rivers Media Solutions Private Limited a subsidiary of the Company and Mr. Gautam Udani (DIN: 03081749), Director of the White Rivers Media Solutions Private Limited.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
To approve Material Related Party Transactions to be entered between the FE Ventures Private Limited a subsidiary of the Company and Mr. Shrenik Gandhi (DIN: 05351426), Director of FE Ventures Private Limited.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 6.14% · promoters 0.00% · institutions 11.30% · other public 9.33%
Approval of sale/transfer of shares of White Rivers Media Solutions Private Limited (WRM) held by Nityo Tech Private Limited, material subsidiary of the Company to Infini Systems Limited, material subsidiary of Company.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 40.98% · promoters 100.00% · institutions 11.30% · other public 9.51%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Sep 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesAug 2026 | – | – | – | No | |
| Preferential IssuesAug 2026 | – | – | – | No |