PB FinTech Limited, the parent company of Policybazaar and Paisabazaar, has taken a significant step in its corporate restructuring by allotting 5.99 crore equity shares as part of its merger with Makesense Technologies Limited. This move marks a crucial phase in the company's strategic expansion and consolidation efforts.

Key Details of the Share Allotment

• Number of Shares Allotted: 5,98,90,000
• Face Value: Rs. 2.00 per share
• Nature of Allotment: Fully paid-up equity shares
• Recipient: Shareholders of Makesense Technologies Limited
• Allotment Date: December 06, 2025
• Listing Venues: National Stock Exchange of India Limited and BSE Limited

Merger Specifics

The share allotment is a result of the Scheme of Amalgamation between Makesense Technologies Limited (Transferor Company) and PB Fintech Limited (Transferee Company). This scheme, approved by the National Company Law Tribunal, Chandigarh Bench, was executed under Sections 230 to 232 of the Companies Act, 2013.

Impact on Shareholding

The newly allotted shares will rank pari passu with the existing equity shares of PB Fintech, meaning they will carry equal rights in terms of voting and dividends. This allotment may result in a dilution of the existing shareholding pattern, the extent of which will depend on the pre-merger shareholding structure of both companies.

Financial Implications

While the immediate financial impact of this merger is not explicitly stated, such corporate actions often aim to streamline operations and reduce costs. The potential effects on PB Fintech's financial performance and market position remain to be seen.

Looking Ahead

The proposed listing of these new shares on the NSE and BSE is a crucial next step. This listing will provide liquidity to the shareholders of the erstwhile Makesense Technologies and integrate the merged entity fully into the public market framework.

This merger and share allotment represent a significant milestone in PB Fintech's corporate journey. Stakeholders will be observing how this strategic move translates into value creation and market performance in the future.

PB Fintech Expands Employee Stock Option Plan

PB Fintech , the parent company of Policybazaar and Paisabazaar, has recently allotted a significant number of equity shares to its employees under its Employee Stock Option Plan (ESOP). This move aligns with the company's ongoing efforts to incentivize and retain top talent while aligning employee interests with those of the shareholders.

Key Details of the Stock Option Allotment

• Total Shares Allotted: 6,82,752 equity shares
• Face Value: Rs. 2 per share
• ESOP Scheme: ESOP 2021

Impact on Share Capital

The stock option allotment has resulted in an increase in the company's paid-up share capital:

Significance of the Move

This equity share allotment serves multiple purposes for PB Fintech:

1. Employee Retention: By offering stock options, the company aims to retain its valuable employees, especially in a competitive job market.
2. Alignment of Interests: Stock options help align the interests of employees with those of the company and its shareholders.
3. Long-term Commitment: The ESOP encourages employees to commit to the company's long-term success.

Next Steps

PB Fintech is currently completing the necessary formalities to list these newly allotted shares on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Once listed, these shares will rank equally with the existing equity shares of the company.

Conclusion

PB Fintech's decision to allot equity shares under its ESOP demonstrates its ongoing commitment to employee welfare and long-term growth. While the immediate impact on share capital is relatively small, the long-term benefits of employee retention and alignment of interests could prove valuable for the company's future performance.