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.

Supra Pacific Financial Services Limited (SPFSL) has unveiled significant corporate actions aimed at expanding its share capital and raising funds through preferential allotments. The company's board has approved a series of resolutions that will substantially alter its capital structure and ownership composition.

Increase in Authorized Share Capital

SPFSL plans to increase its authorized share capital from ₹50.00 crore to ₹75.00 crore. This will be achieved by creating an additional 2.50 crore equity shares of ₹10 each, bringing the total number of authorized shares to 7.50 crore.

Preferential Allotments

The company has proposed two major preferential allotments:

1. Non-Cash Consideration: SPFSL will issue 1.31 crore equity shares at ₹30.50 per share to The Central Financial Credit and Investment Co-operative (India) Ltd. This allotment, valued at ₹40.02 crore, is in exchange for land and building assets.

2. Cash Consideration: The company will issue 98.91 lakh equity shares at ₹30.50 per share to promoters and public investors, raising ₹30.17 crore in cash.

Impact on Shareholding

Post-allotment, the promoter group's stake in SPFSL is expected to increase from 24.79% to 26.31%. Notably, The Central Financial Credit and Investment Co-operative (India) Ltd will emerge as a significant shareholder with a 23.31% stake.

Pricing and Valuation

The issue price of ₹30.50 per share is based on a valuation report by an independent registered valuer, which determined a minimum price of ₹28.81 per share. This pricing complies with SEBI's ICDR Regulations.

Use of Proceeds

Funds raised through the cash allotment will be used for working capital requirements, loan disbursements, and business expansion.

Shareholder Approval and Timeline

These proposals will be put to a shareholder vote through a postal ballot, with e-voting scheduled from August 21 to September 19. If approved, the company aims to complete the allotments within 15 days of shareholder approval or regulatory clearances, whichever is later.

Conclusion

These corporate actions indicate Supra Pacific Financial Services' strategic focus on capital expansion and asset acquisition. The outcome of the shareholder vote and subsequent implementation of these significant changes will be closely watched by investors and market participants.