Pine Labs Limited announced the outcome of its board meeting held on December 17, 2025, addressing key corporate governance matters and shareholder approvals. The meeting, which commenced at 1:30 PM and concluded at 1:48 PM, resulted in significant decisions regarding the company's audit framework and employee benefit schemes.

Secretarial Auditors Appointment

The board approved the appointment of M/s. Makarand M. Joshi Co., Practising Company Secretaries, as the company's secretarial auditors for a five-year term. This appointment covers the period from Financial Year 2025-26 to Financial Year 2029-30, subject to shareholder approval.

M/s. Makarand M. Joshi Co. (MMJC) brings over 25 years of excellence in corporate governance and compliance. The firm is widely recognized for its expertise in secretarial audits, compliance audits, and due diligence across various sectors including banking, financial services, IT/Telecom, pharmaceuticals, FMCG, and infrastructure. MMJC offers comprehensive advisory and compliance services under Corporate Laws, SEBI Regulations, FEMA Regulations, and Merger & Acquisition frameworks.

Postal Ballot Resolutions

The board approved the issuance of a postal ballot notice for seeking shareholder approval on four key resolutions:

Regulatory Compliance

The decisions were made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed information in compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The postal ballot notice, including other related information required under the Companies Act, 2013, and Listing Regulations, will be published and communicated in due course. All information will be made available on the company's website at https://www.pinelabs.com/investor-relations/corporate-announcements .

Corporate Details

Pine Labs Limited operates from its registered office at Unit no. 408, 4th Floor, Time Tower, MG Road, DLF QE, Gurgaon-122002, Haryana, with its corporate office located at Unit no. 1604, 15th Floor, A Wing, Plot no. C-70, The Capital, G Block, BKC Bandra East, Mumbai-400061. The company secretary and compliance officer, Neerav Mehta (Membership Number: A20949), signed the regulatory filing.

Pine Labs ' subsidiary, Setu, has announced a significant advancement in digital payment technology by integrating its bill payment services with leading AI platforms, ChatGPT and Claude. This innovative move marks a new era in the fintech landscape, offering users a more intuitive and conversational approach to managing their bill payments.

Key Features of Setu's AI-Integrated Bill Payment Service

• AI Platform Integration: The new feature is now available on both OpenAI's ChatGPT and Anthropic's Claude.
• Conversational Interface: Users can access bill payment services through natural language interactions with AI chatbots.
• Expanded Accessibility: This integration makes bill payments more accessible and user-friendly, potentially reaching a wider audience.

Implications for Digital Payments

This development represents a significant step forward in the evolution of digital payment services. By leveraging the power of conversational AI, Setu is positioning itself at the forefront of fintech innovation. The integration of bill payment services with AI platforms could potentially:

1. Simplify the bill payment process for users
2. Increase adoption of digital payment methods
3. Enhance user engagement through a more interactive payment experience

About Setu and Pine Labs

Setu, a brand of Broken Tusk Technologies Private Limited, is a wholly-owned subsidiary of Pine Labs Limited. The company specializes in providing API-enabled technology platforms for digital public infrastructure solutions across payments, data, and insights.

Pine Labs continues to demonstrate its commitment to innovation in the fintech sector through such strategic moves by its subsidiaries.

While specific financial details were not provided in the announcement, this development aligns with Pine Labs' broader strategy of expanding its digital payment ecosystem and enhancing user experience through technological advancements.

Investors and industry observers will likely be watching closely to see how this integration impacts Setu's market position and Pine Labs' overall performance in the competitive fintech landscape.