Physicswallah Limited has made a regulatory disclosure pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Audit Committee of the Company, in its meeting held on Wednesday, May 27, 2026, approved an investment of approximately INR 120 crore (INR 1,20,00,00,015) in its wholly owned subsidiary, FinZ Finance Private Limited. The investment will be made by way of subscription to up to 2,66,66,667 fully paid-up equity shares of face value INR 10 each, which are proposed to be issued on a rights basis. The issue price includes a premium of INR 35 per share.

The meeting of the Audit Committee commenced at 10:30 A.M. IST and concluded at 12:50 P.M. IST.

Details of the Target Entity

  • Name: FinZ Finance Private Limited (FinZ Finance)
  • Paid-up Share Capital: INR 22,62,79,070
  • Turnover (FY 2026): INR 0.01 Million
  • Industry: Financial Services
  • Date of Incorporation: July 2, 2024, under the Companies Act, 2013
  • Business: Engaged in leasing, hire purchase, and finance; may undertake all types of business related to financing consumers, individuals, and corporates.
  • Regulatory Status: Received its NBFC license from the RBI on September 2, 2025.
  • Country of Presence: India

Transaction Details

  • Nature of Transaction: Related party transaction (as FinZ Finance is a wholly owned subsidiary) but conducted at arm's length.
  • Consideration Form: Cash
  • Cost of Acquisition: Up to INR 1,20,00,00,015
  • Shareholding Impact: There will be no change in the percentage of shareholding. Physicswallah Limited will continue to hold 100% of FinZ Finance, maintaining its status as a wholly owned subsidiary.

Purpose and Objects

The investment is being made to augment the working capital requirements of FinZ Finance and to facilitate the expansion and scaling up of its business operations.

Historical Financials of FinZ Finance

  • FY 2025-26 Turnover: INR 0.01 Million
  • FY 2024-25 Turnover: Nil
  • FY 2023-24 Turnover: Not Applicable (entity was incorporated in July 2024)