Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that Iserveu Technology Private Limited, a material subsidiary of the Company has formed a wholly owned subsidiary.
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Niyogin Fintech's material subsidiary, Iserveu Technology Private Limited, has incorporated a new wholly owned subsidiary called Iserveu Payment Services Private Limited on June 13, 2025, based in Bhubaneswar, Odisha. The new entity will operate in the fintech space, focusing on online and offline payment solutions using software and hardware technology. Iserveu Technology has subscribed to 100% of the equity at Rs. 10 per share, investing a total of Rs. 10 lakhs in cash. This makes Iserveu Payment Services a step-down subsidiary of Niyogin Fintech Limited. The move is aimed at expanding the group's presence in the payments business.
The investment size of Rs. 10 lakhs is too small to materially affect the stock, but it signals management's intent to grow in the payments segment, which could be a positive long-term strategic development.