PB Fintech Limited has successfully completed its international expansion strategy by investing AED 1,20,06,140 (approximately ₹313.84 million) in Genesis Group Limited, marking a significant milestone in the company's overseas growth initiatives. The investment was executed through Icall Support Services Private Limited, a wholly-owned subsidiary of PB Fintech, and completed on March 31, 2026.

Strategic Investment Details

The acquisition represents the complete utilization of IPO proceeds earmarked for "Object No. 4: Expanding our presence outside India." Following shareholder approval granted via postal ballot on March 16, 2025, the company had extended the timeline for utilizing ₹309.21 million of IPO proceeds through March 31, 2026.

Target Company Profile

Genesis Group Limited operates as the holding company of Policybazaar Middle East Insurance Brokers LLC, a licensed insurance broker based in Dubai, UAE. The target entity specializes in insurance broking business, offering both life insurance and general insurance policies to customers in the UAE market.

Financial Performance Track Record

Genesis Group Limited has demonstrated strong growth trajectory over the past three years, with significant revenue expansion in recent periods.

Strategic Impact and Objectives

The acquisition enables PB Fintech to expand its offerings of UAE insurance products to UAE-based customers, strengthening its presence in the Middle East insurance market. The transaction is classified as a related party transaction conducted on an arm's length basis, with valuation provided by M/s BMSA & Associated Chartered Accountant, New Delhi.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The transaction required no additional governmental or regulatory approvals for completion.

PB Fintech Limited has informed stock exchanges about a regulatory order received by its subsidiary under the Prohibition of Benami Property Transactions Act. The disclosure comes as part of the company's compliance obligations under SEBI listing regulations.

Order Details and Timeline

Paisabazaar Marketing and Consulting Private Limited, a wholly owned subsidiary of PB Fintech, received an order under Section 26(3) of the Prohibition of Benami Property Transactions Act, 1988. The order was issued by the Office of the Adjudicating Authority in New Delhi and dated March 24, 2026, with receipt confirmed on March 26, 2026.

Nature of Allegations

The Adjudicating Authority's order confirmed a previous directive passed by the Initiating Officer under Section 24(4) of the PBPT Act dated February 27, 2025. The order was issued concerning certain vendors of Paisabazaar, wherein the subsidiary was alleged as the beneficial owner in respect of its transactions with these vendors.

Company's Response and Financial Impact

PB Fintech has indicated that the order is appealable under the existing legal framework. The company stated that Paisabazaar will file an appeal against the order in due course. Regarding the financial implications, the company has clarified that since the order is appealable and an appeal will be filed, there is no financial impact at this point of time.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also indicated that this disclosure will be hosted on its website at www.pbfintech.in as part of its transparency commitments to stakeholders.