Please find enclosed the Annual Secretarial Compliance Report for the financial year ended March 31, 2026
POLICYBZR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PB Fintech has submitted its annual secretarial compliance report for FY 2025-26, confirming overall compliance with SEBI regulations. The company has two material subsidiaries: Paisabazaar Marketing and Consulting Pvt. Ltd. and Policybazaar Insurance Brokers Pvt. Ltd. The report notes two significant observations: (1) An employee fraud of Rs. 96.8 lakh was detected at Paisabazaar, where kickbacks were received from a vendor, though the entire amount has been recovered and the employee has been separated; (2) IRDAI imposed a Rs. 5 crore penalty on Policybazaar Insurance Brokers in August 2025 for regulatory violations discovered during a 2020 inspection, which has been paid. No deviations in SEBI regulatory compliance were found for the parent company during the review period.
The IRDAI penalty and subsidiary fraud are notable but manageable risks since both have been addressed. The compliance report itself is clean, which is positive for governance perception, though investors should monitor the subsidiary-level regulatory environment closely.