Go Digit General Insurance has informed stock exchanges that CRISIL Ratings Limited has placed the company's credit rating on Rating Watch with Developing Implications. The rating agency reaffirmed the Corporate Credit Rating (CCR) at AA- but changed the outlook from Stable to Rating Watch status through a letter dated December 31, 2025.

Rating Action Details

The credit rating revision reflects CRISIL's assessment following recent corporate developments at the insurance company. The rating agency maintained the AA- grade while adjusting the outlook to monitor evolving circumstances.

Amalgamation Scheme Trigger

The rating action directly follows Go Digit General Insurance's corporate announcement made on December 19, 2025. The company had informed stakeholders about receiving Board of Directors' approval for a proposed scheme of amalgamation with Go Digit Infoworks Services Pvt Ltd (GDISPL) and their respective shareholders.

Regulatory Compliance

The company disclosed this rating development to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also complies with Para A of Part A of Schedule III and Regulation 46 of the same regulations.

Company Communication

Company Secretary & Compliance Officer Tejas Saraf signed the regulatory filing, confirming that the CRISIL rating letter has been annexed with the stock exchange communication. The company has also made this information available on its investor relations website at www.godigit.com/investor-relations .

The Rating Watch status indicates CRISIL's intention to monitor the company's credit profile as the proposed amalgamation scheme progresses through various regulatory and approval stages.

Go Digit General Insurance Limited has announced a significant employee stock option grant, with its board committee approving the allocation of 25,05,074 stock options to eligible employees. The resolution was passed through circulation on December 23, 2025, under the company's Employee Stock Option Plan 2018.

ESOP Grant Details

The stock option grant covers eligible employees of both the company and its holding company, specifically excluding Key Managerial Personnel. The comprehensive details of the ESOP grant are outlined below:

Pricing and Regulatory Compliance

The options have been granted at a price over and above the face value of the company's equity shares. This pricing structure aligns with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and the specific provisions of the Go Digit Employee Stock Option Plan 2018.

Vesting and Exercise Timeline

The ESOP scheme incorporates a structured timeline for vesting and exercise of the granted options:

Vesting Schedule

• Vesting Period: Options will vest after one year but not later than six years from the grant date
• Committee Discretion: The Nomination and Remuneration Committee will determine the specific vesting timeline

Exercise Period

• Exercise Window: Eight years from the date of vesting of options
• Flexibility: Alternative periods may apply as mentioned in ESOP 2018 amendments

Regulatory Disclosure

The announcement was made pursuant to Regulation 30 and Para B of Part A of Schedule III and Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also follows SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The intimation has been simultaneously placed on the company's website at www.godigit.com and communicated to both BSE Limited and National Stock Exchange of India Limited.