Key Quantitative Figures

Consolidated Financials (Year Ended March 31, 2026)

  • Total Income: ₹3,604.50 million
  • Total Expenses: ₹12,469.79 million
  • Loss Before Exceptional Items & Tax: ₹(1,376.29) million
  • Exceptional Items: ₹549.32 million (Credit)
  • Loss Before Tax: ₹(1,925.61) million
  • Tax Expense: ₹(82.95) million (Deferred Tax)
  • Net Loss for the Year: ₹(1,842.66) million
  • Other Comprehensive Loss (net of tax): ₹(12.80) million
  • Total Comprehensive Loss: ₹(1,855.46) million
  • Paid-up Equity Share Capital: ₹53.39 million
  • Other Equity: ₹2,982.41 million
  • Basic & Diluted EPS: ₹(7.10)

Consolidated Financials (Quarter Ended March 31, 2026)

  • Total Income: ₹3,604.41 million
  • Total Expenses: ₹3,656.10 million
  • Loss Before Exceptional Items & Tax: ₹(51.69) million
  • Exceptional Items: ₹0.03 million (Credit)
  • Loss Before Tax: ₹(51.72) million
  • Tax Expense: ₹(82.95) million (Deferred Tax)
  • Net Profit for the Quarter: ₹31.23 million
  • Other Comprehensive Income (net of tax): ₹(1.20) million
  • Total Comprehensive Income: ₹30.03 million
  • Basic & Diluted EPS: ₹0.12

Standalone Financials (Year Ended March 31, 2026)

  • Total Income: ₹548.12 million
  • Total Expenses: ₹2,082.14 million
  • Loss Before Exceptional Items & Tax: ₹(1,534.02) million
  • Exceptional Items: ₹549.32 million (Expense)
  • Loss Before Tax: ₹(2,083.34) million
  • Net Loss for the Year: ₹(2,083.34) million
  • Other Comprehensive Loss (net of tax): ₹(3.29) million
  • Total Comprehensive Loss: ₹(2,086.63) million
  • Paid-up Equity Share Capital: ₹53.39 million
  • Other Equity: ₹3,007.48 million
  • Basic & Diluted EPS: ₹(8.03)

Standalone Financials (Quarter Ended March 31, 2026)

  • Total Income: ₹216.39 million
  • Total Expenses: ₹523.15 million
  • Loss Before Exceptional Items & Tax: ₹(306.76) million
  • Exceptional Items: ₹0.03 million (Expense)
  • Loss Before Tax: ₹(306.79) million
  • Net Loss for the Quarter: ₹(306.79) million
  • Other Comprehensive Loss (net of tax): ₹(1.57) million
  • Total Comprehensive Loss: ₹(308.36) million
  • Basic & Diluted EPS: ₹(1.18)

Dates of Action

  • Board Meeting Date: July 17, 2026 (3:30 PM IST to 4:23 PM IST)
  • Financial Period: Quarter and Year Ended March 31, 2026
  • Auditor Appointment Date: July 17, 2026 (for FY2026-27)

Parties Involved

  • Subsidiaries: Turtlemint Insurance Broking Services Private Limited (w.e.f May 08, 2024), Turtlemint Mutual Fund Distributors Private Limited
  • Statutory Auditors: S.R. Batliboi & Co. LLP (ICAI Firm Registration Number: 301003E/E300005)
  • Internal Auditors: PKF Sridhar & Santhanam LLP (Firm Registration Number: 003990S/S200018)
  • Signatories: Prashant Saini (Company Secretary & Compliance Officer), Dhirendra Nalin Mahyavanshi (Managing Director & CEO), Shrawan Jalan (Partner, S.R. Batliboi & Co. LLP)

Purpose or Rationale

The disclosure was made to comply with SEBI Listing Regulations requirements for announcing quarterly and annual financial results and key corporate appointments.

Financial Impact

As quantified in the financial results above. The exceptional items of ₹549.32 million (consolidated) primarily relate to financial instruments expenses of ₹525.18 million and IPO-related expenses of ₹24.14 million.

Capital Structure Impact

  • Bonus Issue: 52,636,000 bonus equity shares of ₹1 each allotted on July 21, 2025 (500:1 ratio)
  • CCPS Conversion: All CCPS holders converted to equity shares at revised ratios (463:1 for most series) pursuant to Board resolution dated May 28, 2026
  • ESOP Allotment: 647,733 equity shares allotted during FY2026 against exercised options
  • IPO: 58,070,398 equity shares issued (post-period event)

Subsequent Events

1. Venture Debt Agreement: Entered agreement with Trifecta Venture Debt Fund - III and IV on March 27, 2026 for up to ₹1,000 million via 13.75% NCDs. First tranche of ₹500 million drawn on April 6, 2026.

2. IPO Completion: Completed IPO of 58,070,398 equity shares at ₹152 per share, comprising fresh issue of 43,468,552 shares (₹6,607.22 million) and offer for sale of 14,601,846 shares (₹2,219.48 million). Shares listed on NSE and BSE on June 29, 2026.

Additional Notes

  • The company converted from private to public limited company on June 5, 2025
  • Labour Codes implementation did not have material financial impact
  • Segment reporting presented only in consolidated financial statements as permitted by Ind AS 108
  • All amounts rounded to nearest million except EPS
  • Previous year figures regrouped/reclassified for comparability