PhysicsWallah Limited has announced the sale of 10% equity stake in its wholly-owned subsidiary Bharat Innovations Global Private Limited to NSDC International Limited. The transaction, completed on February 19, 2026, marks a strategic corporate restructuring while maintaining majority control over the subsidiary.

Transaction Details

The sale agreement was executed on December 04, 2024, with completion occurring on February 19, 2026. The company acknowledged an inadvertent delay in intimating the stake sale to the stock exchanges. Following this transaction, Bharat Innovations Global Private Limited ceased to be a wholly-owned subsidiary but continues as a subsidiary with PhysicsWallah retaining 90% equity ownership.

Financial Performance of Subsidiary

Bharat Innovations Global Private Limited reported modest financial figures as of March 31, 2025. The subsidiary, incorporated approximately a year ago, has recently commenced its core business operations, resulting in minimal contribution to the parent company's overall financials.

The financial data reflects the early-stage nature of the subsidiary's operations, with both turnover and net worth representing 0% of PhysicsWallah's consolidated financials.

Buyer Information and Transaction Structure

NSDC International Limited, a company registered under the Companies Act, 2013, acquired the 10% stake. The buyer does not belong to PhysicsWallah's promoter or promoter group companies, ensuring the transaction remains at arm's length and outside related party transaction regulations.

The consideration structure was unique, with payment received in exchange for brand name and goodwill of the acquirer rather than cash consideration. This non-cash transaction reflects strategic value exchange between the parties beyond traditional monetary compensation.

Regulatory Compliance

The transaction falls outside the scope of related party transactions and does not require compliance with Regulation 37A of LODR Regulations. The sale is not part of any scheme of arrangement, and slump sale provisions are not applicable to this equity stake transfer.

PhysicsWallah has fulfilled its disclosure obligations under Regulation 30 of SEBI Listing Regulations, providing comprehensive details of the transaction to both NSE and BSE. The company has also published the disclosure on its investor relations website to ensure transparency with stakeholders.

Physicswallah Limited has announced its participation in an upcoming investor conference, filing the requisite disclosure with stock exchanges under regulatory compliance requirements.

Conference Details

The company will participate in Kotak's Chasing Growth 2026 investor conference, with the event details formally communicated to both NSE and BSE on February 16, 2026.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Ajinkya Jain, Group General Counsel, Company Secretary & Compliance Officer, with membership number A33261.

Information Disclosure Guidelines

Physicswallah Limited has clarified that during the investor meetings, no unpublished price sensitive information will be disclosed that is not already available in the public domain. The company stated that discussions would be based on general business outlook and information already in the public domain.

The company has noted that the conference schedule is subject to changes due to potential exigencies on the part of analysts, investors, or the company itself. The disclosure will also be hosted on the company's investor relations website at https://www.pw.live/investor-relations .

Corporate Communication

The formal communication was addressed to both major Indian stock exchanges where the company is listed - the National Stock Exchange of India Limited and BSE Limited. The company trades under the symbol PWL with scrip code 544609 on the exchanges.