BSECompany Update5d ago · 14 Aug 2026, 05:41 pm
Please find enclosed the disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015
PB Fintech Ltd · 543390
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PB Fintech Ltd has received a show cause notice and advisory from the Insurance Regulatory and Development Authority of India (IRDAI) regarding an inspection of its wholly-owned subsidiary Policybazaar Insurance Brokers Private Limited. The inspection was conducted in October 2024, and the Authority has issued a Letter of Advice on certain documentary and process matters. The Company has put in place necessary systems and processes and will continue to abide by the guidelines/regulations issued by IRDAI.
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PB Fintech Ltd - 543390 - Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
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August 14, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Department of Corporate Services/ Listing
Bandra-Kurla Complex, Bandra (East), Phiroze Jeejeebhoy Towers, Dalal Street, Fort,
Mumbai – 400051 Mumbai – 400001
SYMBOL: POLICYBZR SCRIP CODE: 543390
Sub.: Disclosure under Regulation 30 of the SEBI (Listing obligations and Disclosure Requirements),
Regulations, 2015 (“Listing Regulations”)
Dear Sir/Madam,
Pursuant to Regulation 30 of the Listing Regulations, please find enclosed a disclosure regarding an advisory
issued by the Insurance Regulatory and Development Authority of India ("the Authority") vide its letter dated
August 13, 2026 received via email on August 13, 2026, in respect of the inspection of Policybazaar Insurance
Brokers Private Limited (“Policybazaar”) during the period from 21st October 2024 to 25th October 2024.
Policybazaar is a wholly owned subsidiary of PB Fintech Limited (“the Company”). Further, the Authority has
issued a show cause notice on some of the observations in respect of the said inspection. Policybazaar will be
duly submitting its response to the learned authority as per the prescribed timelines.
The details as required under Regulation 30 of the Listing Regulations read with Master Circular dated January
30, 2026 issued by SEBI is enclosed herewith as Annexure A.
The disclosure as required under Regulation 30(13) of the SEBI Listing Regulations read with SEBI Circular
dated February 25, 2025, on Industry Standards Note is enclosed herewith in Form A, marked as Annexure B.
We hereby state and declare that the information and details provided in Annexure B, in compliance with the
Regulation 30(13) of the SEBI Listing Regulations, is true, correct and complete to the best of our knowledge
and belief.
The abovesaid disclosure will also be hosted on the website of the Company at www.pbfintech.in.
You are requested to kindly take the same in your records.
Thanking you,
Yours faithfully,
For PB Fintech Limited
(Bhasker Joshi)
Company Secretary and Compliance officer
Encl.: a/a
Annexure A
Name of the authority(s) Insurance Regulatory and Development Authority of
India ("the Authority")
Nature and details of the action(s) taken or order (s) The Authority in the month of October 2024 had
passed; conducted an inspection of Policybazaar Insurance
Brokers Private Limited during the period from
21.10.2024 to 25.10.2024. As an outcome of the
inspection, on a few observations, the Authority has
issued a Letter of Advice which is required to be
placed in the concerned Board level committees and
the Board for review of current state of compliance
including appropriate corrective actions taken and
preventive measures implemented. The action taken
report for closure of the observations is to be
submitted to the learned Authority.
Date of receipt of communication from the authority; August 13, 2026
Details of the violation(s)/contravention(s) With respect to the inspection, the Authority has
committed or alleged to be committed; issued a Letter of Advice on certain documentary and
process matters.
Impact on financial, operation or other activities of There is no material impact in monetary terms.
the listed entity, quantifiable in monetary terms to the Policybazaar has duly put in place the necessary
extent possible. systems and processes and shall continue to abide by
the guidelines/regulations issued by the learned
Authority from time to time.
Annexure -B
Form A
Disclosure by PB Fintech Limited regarding receipt of communication from regulatory, statutory, enforcement
or judicial authority under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Regulation 30(13) – Disclosure of communication from regulatory, statutory, enforcement or judicial authority
Sr. No. Particulars Details
1 Name of the listed company PB Fintech Limited
2 Type of communication received Show Cause Notice and Advisory was issued to
Policybazaar Insurance Brokers Private Limited
(“Policybazaar”), a wholly owned subsidiary of the
Company dated August 13, 2026.
3 Date of receipt of communication August 13, 2026
4 Authority from whom communication received Insurance Regulatory and Development Authority
of India (IRDAI)
5 Brief summary of the material contents of the Please refer Annexure A
communication received, including reasons for
receipt of the communication
6 Period for which communication would be Not Applicable
applicable, if stated
7 Expected financial implications on the listed None
company, if any
8 Details of any aberrations/ non-compliances Please refer Annexure A
identified by the authority in the communication
9 Details of any penalty or restriction or sanction None
imposed pursuant to the communication
10 Action(s) taken by listed company with respect to The Company has put in place the necessary
the communication systems and processes and shall continue to
abide by the guidelines/regulations.
11 Any other relevant information -