Choice International Limited has officially completed the acquisition of the remaining 50% equity stake in Choice Insurance Broking India Private Limited for ₹62.50 crore, following approval from the Insurance Regulatory and Development Authority of India (IRDAI).

Official Acquisition Details

The transaction involved the purchase of 6,60,000 equity shares at ₹947 per share, including a premium of ₹937 per share over the face value of ₹10. The acquisition was completed following the company's earlier intimation and has transformed Choice Insurance Broking India Private Limited into a wholly-owned subsidiary.

Regulatory Compliance and Approvals

The acquisition received necessary approval from IRDAI, under which Choice Insurance operates as a registered member broker. The transaction was executed on an arm's length basis with Mr. Awjit Bhagat, who is not related to the company's promoters, ensuring compliance with regulatory requirements.

The company disclosed that this transaction does not constitute a related party transaction, as the shares were acquired from an independent stakeholder with no connection to the company's promoter group.

Target Company Performance

Choice Insurance Broking India Private Limited, incorporated under the Companies Act 1956, operates as an IRDA-registered insurance broker with strong financial performance:

Strategic Business Impact

The acquisition strengthens Choice International's position in the financial services sector by providing complete operational control over its insurance operations. The company stated that the objective is to pursue emerging opportunities and strengthen the business further, leveraging the strong potential in the insurance segment.

With full ownership, Choice International can now implement unified strategic decisions without external partnership constraints, enabling streamlined operations and integrated business strategies across its insurance portfolio.

Choice international Limited has announced its participation in an upcoming investor conference organized by Arihant Capital Markets Limited. The company disclosed this information to stock exchanges in compliance with regulatory requirements under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Conference Details

The company will participate in the Bharat Connect Conference 2026, which is scheduled as a virtual group event. The conference details are outlined below:

Regulatory Compliance and Disclosure

Choice International Limited submitted the intimation to both BSE Limited and NSE Limited on March 05, 2026, through its Company Secretary and Compliance Officer, Karishma Shah. The disclosure was made pursuant to Regulation 30 of SEBI regulations, which requires companies to inform exchanges about analyst and institutional investor meetings.

Important Considerations

The company has provided specific clarifications regarding the conference participation:

• No unpublished price-sensitive information (UPSI) will be discussed during the conference
• Potential schedule changes may occur due to unforeseen circumstances from either the company or the host organization
• The conference follows a group format rather than individual meetings

Corporate Communication

The formal communication was signed digitally by Karishma Shah, who serves as the Company Secretary and Compliance Officer for Choice International Limited. The company maintains its registered office at Sunil Patodia Tower, J B Nagar, Andheri East, Mumbai, and operates under CIN No. L67190MH1993PLC071117.

This participation in the investor conference represents part of Choice International Limited's ongoing engagement with the investment community and adherence to transparency requirements under securities regulations.