Acquisition

October 14, 2026 To, To, The Manager The Manager Listing Department Listing Department BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C-1, G – Block, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East) Mumbai – 400001 Mumbai – 400051 BSE Scrip Code: 544799 NSE Symbol: TURTLEMINT ISIN: INE0OC301013 Subject: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Investment in Turtlemint Insurance Broking Services Private Limited, Wholly Owned Subsidiary of the Company, by way of subscription to Rights Issue Dear Sir/Ma’am, Pursuant to Regulation 30 read with Para A(1) of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"), we hereby inform you that the Board of Directors of Turtlemint Fintech Solutions Limited ("the Company") at its meeting held on October 14, 2026, has approved an investment of up to ₹1,49,51,13,103.05 (Indian Rupees One Hundred Forty-Nine Crore Fifty-One Lakh Thirteen Thousand One Hundred Three and Five Paise Only) in Turtlemint Insurance Broking Services Private Limited ("TIB"), a wholly owned subsidiary of the Company, by way of subscription to the rights issue of up to 8,41,715 (Eight Lakh Forty-One Thousand Seven Hundred and Fifteen only) equity shares of face value of ₹10 each of TIB, at an issue price of ₹1,776.27 per share (including a premium of ₹1,766.27 per share). Being a wholly owned subsidiary, there is no change in the shareholding percentage of the Company in TIB, pursuant to this investment. We have enclosed herewith the details required under Regulation 30 read with Para A(1) of Part A of Schedule III of the Listing Regulations and the SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 as Annexure -A. The details of occurrence of event/information as follows: 1 Date of occurrence of Event/Information October 14, 2026 2 Time of occurrence of Event/Information 5.00 p.m. (IST) Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) Registered Office: The ORB Sahar, 4 and 4A, 1st Floor, A wing, Marol Village, Andheri East, Mumbai 400 099, Maharashtra, India CIN: L74999MH2015PLC263315 | Email: companysecretary@turtlemint.com | Website: www.turtlemint.com | Contact No.: 022-68387400 The aforesaid information will also be made available on the Company’s website at www.turtlemint.com Kindly take the above on your records and acknowledge. Thanking You. Yours faithfully, For Turtlemint Fintech Solutions Limited (Formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) Prashant Saini Company Secretary & Compliance Officer Membership No: A23769 Encl: As above Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) Registered Office: The ORB Sahar, 4 and 4A, 1st Floor, A wing, Marol Village, Andheri East, Mumbai 400 099, Maharashtra, India CIN: L74999MH2015PLC263315 | Email: companysecretary@turtlemint.com | Website: www.turtlemint.com | Contact No.: 022-68387400 Annexure – A (Disclosure under Regulation 30 of the Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026) Sr. No. Particulars Details 1 Name of the target entity, Turtlemint Insurance Broking Services Private Limited details in brief such as size, ("TIB"), a wholly owned subsidiary of the Company. turnover etc. Acts as a Composite Insurance Broker (within the meaning of the term “Insurance Broker” as defined under the Insurance Regulatory and Development Authority of India (Insurance Brokers) Regulations, 2018 (hereinafter referred as “IRDAI (Insurance Brokers) Regulations, 2018”) as amended from time to time in the field of general insurance or life insurance and reinsurance, on behalf of clients, within or outside India, with the permission of Insurance Regulatory and Development Authority of India. Paid-up capital: ₹ 1,68,31,741 (post infusion from the Company) Turnover for the financial year ended March 31, 2026: ₹ 10,721.99 Million. Net worth as at March 31, 2026: ₹ 1,758.63 Million. 2 Whether the acquisition would Turtlemint Insurance Broking Services Private Limited fall within related party is a “Related Party” of the Company as per the transaction(s) and whether the provisions of the Companies Act, 2013, being a Wholly promoter/promoter Owned Subsidiary of the Company. group/group companies have However, the proposed investment would not fall any interest in the entity being under the definition of Related Party Transaction. acquired? If yes, nature of interest and details thereof and Mr. Dhirendra Nalin Mahyavanshi, Managing Director whether the same is done at & CEO and Mr. Anand Rohidas Prabhudesai, Executive "arm's length" Director & COO of the Company, are Directors of Turtlemint Insurance Broking Services Private Limited and represent the Company on the Board of Turtlemint Insurance Broking Services Private Limited. Except as disclosed above, none of the Promoters or Members of the Promoters Group or Directors of the Company are interested either financially or otherwise Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) Registered Office: The ORB Sahar, 4 and 4A, 1st Floor, A wing, Marol Village, Andheri East, Mumbai 400 099, Maharashtra, India CIN: L74999MH2015PLC263315 | Email: companysecretary@turtlemint.com | Website: www.turtlemint.com | Contact No.: 022-68387400 in Turtlemint Insurance Broking Services Private Limited. 3 Industry to which the entity Composite Insurance Broker being acquired belongs 4 Objects and impact of The investment, by way of subscription to the rights acquisition (including but not issue of equity shares of TIB, is to enable TIB to meet limited to, disclosure of reasons the working capital requirements including lease for acquisition of target entity, if payments for its existing properties and is in line with its business is outside the main the objects of the Initial Public Offer as disclosed in the line of business of the listed Prospectus. Pursuant to the investment, TIB will entity) continue to remain a wholly owned subsidiary of the Company. 5 Brief details of any Not applicable governmental or regulatory approvals required for the acquisition 6 Indicative time period for Not Applicable completion of the acquisition 7 Consideration - whether cash Cash consideration consideration or share swap or any other form and details of the same 8 Cost of acquisition and/or the Investment of up to ₹ 1,49,51,13,103.05 (Indian price at which the shares are Rupees One Hundred Forty-Nine Crore Fifty-One Lakh acquired Thirteen Thousand One Hundred Three and Five Paisa Only). 9 Percentage of shareholding/ There will be no change in the percentage of control acquired and/or number shareholding of the Company in Turtlemint Insurance of shares acquired Broking Services Private Limited. Turtlemint Insurance Broking Services Private Limited will continue to remain a wholly owned subsidiary of the Company. Pre-investment: 1,59,90,026 shares held (100%). Post-investment: 1,68,31,741 shares held (100%). 10 Brief background about the Background: Turtlemint Insurance Broking Services entity acquired in terms of Private Limited is a Composite Broker registered with Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) Registered Office: The ORB Sahar, 4 and 4A, 1st Floor, A wing, Marol Village, Andheri East, Mumbai 400 099, Maharashtra, India CIN: L74999MH2015PLC263315 | Email: c [Showing first 8,000 characters — download PDF for full document]