Date: August 14, 2026

Regulatory Compliance Disclosure

PB Fintech Limited has made a disclosure pursuant to Regulation 30 of the SEBI Listing Regulations regarding regulatory communication received by its wholly owned subsidiary, Policybazaar Insurance Brokers Private Limited.

Nature of Regulatory Communication

  • The Insurance Regulatory and Development Authority of India (IRDAI) issued a Letter of Advice and Show Cause Notice to Policybazaar Insurance Brokers Private Limited
  • The communication was received via email on August 13, 2026
  • This relates to an inspection conducted by IRDAI during the period from October 21, 2024 to October 25, 2024

Inspection Details

  • Inspection period: October 21, 2024 to October 25, 2024
  • Authority: Insurance Regulatory and Development Authority of India (IRDAI)
  • Date of receipt of communication: August 13, 2026

Nature of Observations

  • The Authority has issued a Letter of Advice on certain documentary and process matters
  • The observations relate to compliance issues identified during the inspection
  • The Letter of Advice requires placement in concerned Board level committees and the Board for review of current state of compliance

Required Actions

  • Policybazaar must place the Letter of Advice before Board level committees and the Board
  • The company must review current state of compliance including appropriate corrective actions taken and preventive measures implemented
  • An action taken report for closure of the observations must be submitted to the Authority
  • Policybazaar will be submitting its response to the Authority as per prescribed timelines

Financial Impact Assessment

  • The company states there is no material impact in monetary terms
  • No expected financial implications on the listed company
  • No penalty, restriction or sanction imposed pursuant to the communication

Company Response and Compliance Status

  • Policybazaar has duly put in place the necessary systems and processes
  • The company shall continue to abide by the guidelines/regulations issued by the Authority
  • The disclosure has been made in compliance with SEBI Listing Regulations Regulation 30(13)

Disclosure Format

  • The disclosure includes Annexure A with detailed information about the regulatory communication
  • Annexure B contains Form A disclosure as required under Regulation 30(13) of SEBI Listing Regulations
  • The disclosure will be hosted on the company website at www.pbfintech.in