The Board of Directors of Veefin Solutions Limited in its meeting held on November 06, 2023, have inter-alia considered and approved the following: The appointment of Mr. Afzal Mohammed Modak (DIN: 02920914) as an Additional Non- executive Director of Company with immediate effect. As per SEBI Letter dated 14th June, 2018 read along with NSE Circular dated 20th June, 2018, having ref no. as - NSE/CML/2018/24, the company hereby confirmed that Mr. Afzal Mohammed Modak is not debarred from holding the office of director by virtue of any Order of SEBI or any other authority and he is not disqualified from holding the office of Director pursuant to provisions of section 164 of the Companies Act, 2013.

Afzal has done his B. Tech in Mechanical Engineering from the Indian Institute of Technology, Mumbai, and MS in Computer Science from Pace University, New York, Afzal joined GE in 1985 in Americom (Satellite Communications), in Princeton, New Jersey. After a dozen years in the United States, Afzal served GE in USA, Asia and Europe (New York, Thailand, Hong Kong, India, Turkey, London). He served in wide range of businesses & subsidiaries in challenging roles (Corporate Audit Manager, GE Capital CFO, Genpact F&A Business Leader, Global Operations Transformation Leader).

Served as EVP and CFO of Garanti Bank (one of the most profitable universal bank, listed in the Istanbul Stock Exchange, with $100 billion multi-currency balance sheet & two billion earnings, and $15 billion market cap, in 2010). Over the years Afzal has been recognized for his facilitative style, global mindset, and expertise in GRC (Governance, Risk & Compliance) with direct responsibilities in Banking, BPO/Shared Services, Joint Venture management, and contributions in six mega Mergers & Divestitures.