Supra Pacific Financial Services Limited (SPFSL) has issued a corrigendum to its postal ballot notice dated August 14, 2025, making significant amendments to the original document. The company has announced key changes, including the reclassification of certain shareholders and a correction in the wording for additional equity share creation.

Shareholder Reclassification

One of the primary amendments in the corrigendum is the reclassification of Mr. Joby George and Mr. Sandeep Babu from the 'Public' category to the 'Promoter' category. This change affects their status in the company's shareholding structure.

Correction in Share Capital Wording

The company has rectified the wording regarding the creation of additional equity shares. The original notice incorrectly stated the creation of 25 crore shares. The corrected version now accurately reflects the intention to create ₹25.00 crore divided into 2.50 crore shares of ₹10.00 each.

Key Resolutions for Shareholder Approval

The postal ballot seeks shareholder approval for three significant resolutions:

1. Increase in Authorized Share Capital: SPFSL proposes to increase its authorized share capital from ₹50.00 crore to ₹75.00 crore.

2. Equity Share Issuance for Property Acquisition: The company plans to issue 1.31 crore equity shares to The Central Financial Credit and Investment Co-operative (India) Ltd for ₹40.02 crore. This issuance is intended as consideration for the purchase of land and building.

3. Additional Equity Share Issuance: SPFSL aims to issue 98.91 lakh equity shares to promoters and public investors for ₹30.17 crore in cash.

Share Pricing and Voting Period

All shares in the proposed issuances are priced at ₹30.50 per share. The e-voting period for these resolutions is set to run from August 21 to September 19, 2025.

These amendments and proposed actions indicate that Supra Pacific Financial Services Limited is undertaking substantial changes to its capital structure and shareholding pattern.

Supra Pacific Financial Services Limited , a BSE-listed Non-Banking Financial Company (NBFC), has made a significant move to diversify its revenue streams and enhance its market presence. The company has officially launched Corporate Agency partnerships with three major insurance providers: ICICI Lombard General Insurance, Care Health Insurance, and HDFC Life Insurance.

Strategic Partnerships

The launch event, held at the company's Corporate Office in Ernakulam on September 15, 2025, was attended by senior management from Supra Pacific Financial Services and representatives from the partner insurance companies. Notable attendees included:

• Mr. Joby George, Chairman & Managing Director of Supra Pacific Financial Services
• Mr. Abidh Abubakkar, Executive Director
• Mr. Sandeep Babu, Director
• Mr. Balakrishnan R, Business Head
• Mr. Raju R, General Manager-Strategy & Communication
• Mr. Deepak Francis, Senior Vice President

Representatives from the insurance partners included Mr. Jaibin Lee James from HDFC Life Insurance, Mr. Rahul K.R. from ICICI Lombard General Insurance, and Mr. Athul Dev Devarajan from Care Health Insurance.

Expanding Service Offerings

These partnerships will enable Supra Pacific Financial Services to offer a comprehensive suite of insurance products to its clients, including:

• Life insurance
• Health insurance
• General insurance

This strategic move is expected to yield multiple benefits for the company:

1. Strengthen revenue diversification and operational efficiency
2. Enhance cross-selling opportunities and customer loyalty
3. Widen market presence and financial inclusion outreach
4. Drive sustainable long-term value for shareholders

Ambitious Revenue Targets

Supra Pacific Financial Services has set ambitious revenue targets for its new insurance business vertical:

These projections indicate the company's confidence in the potential of its insurance business and its commitment to rapid growth in this sector.

Market Outlook and Company Performance

The company's entry into the insurance sector aligns with the expected growth of India's insurance market. This move is part of Supra Pacific Financial Services' broader strategy focusing on expansion, customer-centricity, and value creation.

It's worth noting that Supra Pacific Financial Services has already reported growth in revenue and net profit for Q1 FY 2025-26. The company expects the new insurance vertical to further accelerate its growth momentum, improve margins, and enhance returns for stakeholders.

Conclusion

With these new partnerships, Supra Pacific Financial Services Limited is positioning itself as a comprehensive financial services provider. The company's foray into the insurance sector, coupled with its existing NBFC operations, is expected to contribute to its profitability and market presence in the coming years. As the Indian insurance sector continues to grow, Supra Pacific Financial Services appears well-positioned to capitalize on the opportunities in this expanding market.