Appointment of Company Secretary and Compliance officer as per SEBI LODR 2015.
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Awaiting price reaction for this filing.
The board approved Q2 FY26 consolidated results showing 24% revenue growth to Rs 5,962 lakhs (vs Rs 4,823 lakhs) but a 30% drop in net profit to Rs 525 lakhs (vs Rs 753 lakhs), with H1 profit falling 23% to Rs 1,289 lakhs amid sharply higher finance and depreciation costs. Mr. Naveen Kumar resigned as Company Secretary & Compliance Officer effective November 3, 2025, and Ms. Pooja Gaur (a Company Secretary with 9+ years of experience) was appointed in his place from November 5, 2025. Subsidiary India Insure will acquire 100% of Safe Risk Insurance Brokers in a phased cash-plus-equity deal, subject to IRDAI approval. The company also disclosed it is actively exploring fund-raising options to finance further inorganic expansion in the insurance broking space, alongside noting the recent Sampada Business Solutions merger, an ESOP grant of 9 lakh options, and a sub-division of India Insure's shares.
Mixed near-term picture: strong topline growth but profitability under pressure from rising finance and depreciation costs, while the acquisition and fund-raise plans signal an aggressive expansion push that could both boost long-term scale and dilute existing shareholders depending on how funds are raised.