Physicswallah Limited will invest approximately INR 120 crore in its wholly owned subsidiary, FinZ Finance Private Limited, to bolster the subsidiary's working capital and scale operations. The Audit Committee of Physicswallah Limited approved the investment on May 27, 2026. The transaction involves the subscription to up to 2,66,66,667 fully paid-up equity shares with a face value of INR 10 each, issued on a rights basis at a premium of INR 35 per share.

FinZ Finance, incorporated on July 2, 2024, operates in the financial services sector and received its NBFC license from the Reserve Bank of India (RBI) on September 2, 2025. The entity commenced operations in March 2026. As a wholly owned subsidiary, the transaction is classified as a related party transaction conducted at arm’s length. The investment will not alter the shareholding structure, with FinZ Finance remaining a wholly owned subsidiary of Physicswallah Limited.

The cost of acquisition is up to INR 1,20,00,00,015. The subsidiary’s paid-up share capital stands at INR 22,62,79,070. The turnover for FY 2025-26 was INR 0.01 million, with no turnover recorded in the previous fiscal year. The company is based in India and engages in leasing, hire purchase, and finance activities for consumers, individuals, and corporates.

Financial Details of FinZ Finance

Turnover History

Physicswallah Limited has re-appointed its internal and cost auditors for the financial year 2026-27 following a Board meeting on May 27, 2026. The decisions, based on the recommendations of the Audit Committee, ensure continuity in the company's financial oversight mechanisms for the upcoming fiscal year.

The Board approved the re-appointment of M/s Grant Thornton Bharat LLP, formerly Grant Thornton India LLP, as Internal Auditors. The firm, a Chartered Accountant entity, will continue to provide internal audit services. Additionally, M/s Bahadur Murao & Co., Cost Accountants, were re-appointed as Cost Auditors for the same period.

The meeting, which commenced at 04:00 P.M. and concluded at 05:20 P.M. IST, also ratified the detailed disclosures required under Regulation 30 of the SEBI Listing Regulations. These disclosures have been made available on the company's investor relations website.

Auditor Profiles

The re-appointments involve established firms with significant industry experience. The following table outlines the key details of the appointed entities:

Grant Thornton Bharat is part of a global network with over 80,000 professionals in more than 150 countries. Bahadur Murao & Co., established in 1978, brings over 150 years of combined professional experience to the role.