BSECompany Update7 Oct 2026 · 7 Oct 2026, 05:46 pm

Intimation attached

VEDAVAAG Systems Ltd · 533056

✦ AI SummaryOrder Win

VEDAVAAG Systems Ltd has received in-principle approval from IRDAI for its wholly-owned subsidiary Vedavaag Financial Insurance Broking Services Private Limited.

Analysis Scores

Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

VEDAVAAG Systems Ltd - 533056 - Intimation Regarding Receipt Of In-Principle Approval From IRDAI To Vedavaag Financial Insurance Broking Services Private Limited, A Wholly Owned Subsidiary Of The Company ('WOS')

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Date: 07-10-2026 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001. Scrip Code: 533056 ISIN: INE359B01010 Subject: Intimation regarding receipt of In-principle approval from IRDAI to Vedavaag Financial Insurance Broking Services Private Limited, a wholly owned subsidiary of the Company (“WOS”) Ref: Outcome of Board Meeting intimation dated: September 24, 2026 Dear Sir/Madam, Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with reference to our earlier communication dated September 24, 2026 in the said matter, we are happy to inform that Vedavaag Financial Insurance Broking Services Private Limited, a wholly owned subsidiary of the Company (“WOS”) has got in- principle approval from IRDAI (Ref No.: IRDAI/INT/DB 1344/2026). The Company will make further disclosures to the Stock Exchange, as and when there are material developments in the matter, in accordance with the applicable provisions of the SEBI LODR Regulations. Thanking You, Regards, For Vedavaag Systems Limited J Murali Krishna Managing Director DIN: 00016054 CIN: L72200TG1998PLC029240. 1-89/G/113 NR, 3rd Floor Park View, Gafoor Nagar, Madhapur, Shaikpet, Hyderabad, Telangana, India, 500081 Contact: + 91 70324 95959. www.vedavaag.com