The board of directors of Veefin Solutions Limited at its meeting held on November 6, 2023, approved the intent of incorporation of a Subsidiary in India. The proposed company would be a Subsidiary Company and hence a related party company, post the incorporation. The transactions, if any, with the subsidiary shall be at an arm's length basis.

Objects: To carry on the business of developing, providing, marketing & distribution solutions in the field of Web Content Development, Security Solutions, Animation, Geographical Information Systems (GIS), Revenue Accounting, Data Digitization, Back Office Operations, Financial Institutions and management consultancy services in various fields of E-commerce, Computer Software and Hardware Development, Training & Manufacturing Computer Hardware and Software products.