Board Approval

  • The Board of Directors approved the incorporation of a wholly-owned subsidiary company at its meeting held on Wednesday, August 12, 2026.
  • The meeting was held in Pune.

Subsidiary Details

  • Name: To be approved by relevant authorities (not yet determined)
  • Country of Incorporation: India
  • Status: Not yet incorporated (incorporation date: NA)
  • Ownership Structure: 100% owned by Arvaya Healthcare Limited upon incorporation
  • Relationship: Will become a wholly-owned subsidiary and consequently a related party under applicable regulations

Business Operations

  • Industry: Insurance broking service
  • Line of Business: Currently not applicable as the entity is yet to be incorporated
  • Regulatory Requirements: Approval from Insurance Regulatory Development Authority of India (IRDA) required for proposed business operations

Financial Considerations

  • Consideration Type: Subscription to share capital (method yet to be decided - cash consideration or share swap)
  • Cost of Subscription: Currently not applicable
  • Shareholding Percentage: Arvaya Healthcare Limited will own 100% of the share capital
  • Number of Shares: Not specified