Choice International announced that its material subsidiary, Choice Equity Broking Private Limited (CEBPL), has entered into definitive agreements with NH Investment & Securities Co., Ltd. for a strategic investment of ₹8,99,99,95,500. The transaction involves the issuance of Compulsorily Convertible Preference Shares (CCPS) to strengthen CEBPL's capital base and support its expansion in the broking and distribution sectors. The investment is subject to requisite statutory approvals, including those from exchanges where CEBPL is a member broker.

Transaction Details

Under the Share Subscription Agreement and Shareholders’ Agreement signed on July 09, 2026, NH Investment & Securities will subscribe to 42,25,350 CCPS at a price of ₹2,130 per share. This price comprises a face value of ₹10 and a securities premium of ₹2,120. The equity shares arising from the conversion of these CCPS will rank pari passu with existing equity shares, and the issuance will not result in any change of control of CEBPL. The transaction is expected to be completed within 12 months from the execution date.

Key Transaction Metrics

Strategic Impact

The infusion of capital is intended to strengthen CEBPL's financial position and provide resources for growth and strategic opportunities. By partnering with NH Investment & Securities, a core subsidiary of NH Financial Group headquartered in Seoul, CEBPL aims to leverage global institutional expertise to enhance its capabilities in research, capital markets, and risk management. The investor is not related to the promoter group of Choice International.

Choice International Limited has strengthened its governance framework by appointing Dr. Nitin Kareer as a member of its existing Advisory Board. The appointment aims to leverage his extensive experience in public finance and state governance to enhance the company's regulatory compliance and policy oversight. This strategic move is intended to bolster long-term decision-making capabilities within the organization.

Dr. Nitin Kareer is a retired Indian Administrative Service (IAS) officer of the 1988 cadre and the former Chief Secretary to the Government of Maharashtra. He holds an MBBS qualification and brings over three decades of distinguished leadership experience to the role. His career spans critical sectors including public finance, taxation policy, urban development, and state governance.

The new advisor has a notable track record of advancing institutional reforms and driving large-scale digital transformation initiatives in the public sector. Dr. Kareer successfully directed complex GST negotiations and addressed significant urban planning challenges. His pioneering contributions to e-governance have received international recognition from the World Bank.

Profile of Dr. Nitin Kareer

The company disclosed this information in a filing submitted to BSE Limited and National Stock Exchange of India Limited on June 22, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Karishma Shah, Company Secretary & Compliance Officer.