Centrum Capital Limited has announced the completion of a significant corporate restructuring involving its insurance broking business. The company has successfully transferred its wholly-owned subsidiary, Centrum Insurance Brokers Limited (CIBL), from Centrum Retail Services Limited (CRSL) to Centrum Financial Services Limited (CFSL) on September 17, 2025.

Transaction Details

The transfer, which was first disclosed on January 15, 2025, has now received regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI). The transaction was valued at Rs. 13.76 crores, as per the consideration received for the sale.

Financial Impact

For the fiscal year 2024-25, CIBL's financial performance was as follows:

Corporate Structure Changes

Following the transfer, CIBL has ceased to be a wholly-owned subsidiary of Centrum Capital. The buyer, Centrum Financial Services Limited, is a subsidiary in which Centrum Capital holds a 99.9976% equity stake.

Regulatory Compliance

The transaction has been conducted at arm's length between related entities, as disclosed in the company's filing. This transfer aligns with Centrum Capital's strategic initiatives and has been executed in compliance with regulatory requirements.

Management Statement

Balakrishna Kumar, Company Secretary & Compliance Officer of Centrum Capital Limited, confirmed the completion of the transfer in a regulatory filing, stating that all necessary approvals have been obtained and the transaction has been duly recorded.

This corporate action reflects Centrum Capital's ongoing efforts to optimize its group structure and potentially streamline its operations in the financial services sector. Shareholders and market observers will likely be keen to see how this restructuring impacts the company's overall performance and strategic direction in the coming quarters.

Centrum Capital has reported that Businessmatch Services (India) Private Limited has created a pledge on a portion of its equity shares in the company, according to a recent disclosure. This move highlights a significant financial transaction involving one of Centrum Capital's major shareholders.

Pledge Details

• Number of Shares Pledged: 12,00,000
• Percentage of Total Share Capital: 0.29%
• Pledge Beneficiary: Ms. Shalini Verma
• Date of Encumbrance: August 21, 2025
• Purpose: Third party pledge regarding fresh loan

Impact on Shareholding

The creation of this pledge has altered Businessmatch Services' position in Centrum Capital:

Additional Information

The pledge was reported to the stock exchanges and Centrum Capital on August 25, 2025, as per the regulatory requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Businessmatch Services (India) Private Limited, located in Mumbai, remains a significant shareholder in Centrum Capital despite this encumbrance.

This transaction underscores the dynamic nature of shareholding structures in publicly traded companies and the various financial instruments available to major shareholders. While the pledge represents a small percentage of Centrum Capital's total share capital, it reflects ongoing financial activities within the company's ownership structure.