Interim report
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October 30, 2026 To National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400051 SYMBOL: POLICYBZR BSE Limited Department of Corporate Services/ Listing Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400001 SCRIP CODE: 543390 Sub.: Outcome of the Board Meeting held on Friday, October 30, 2026 - Financial Results for the quarter and half year ended September 30, 2026 Dear Sir/Madam, In furtherance to our earlier communication dated October 27, 2026 and pursuant to the provisions of Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. Friday, October 30, 2026, which was commenced at 04:15 P.M. (IST) and concluded at 04:55 P.M. (IST), inter-alia, considered and approved the following business(es): (i) Un-audited Standalone and Consolidated Financial Results of the Compa ny for the quarter and half year ended September 30, 2026 alongwith Limited Review Reports of the Auditors thereon (“Financial Results”) as enclosed herewith. The said financial results are being uploaded on the website of the Company at www.pbfintech.in pursuant to Regulation 46 of the Listing Regulations; The extracts of Un-audited Standalone and Consolidated Financial Results will be published in the Newspapers in terms of Regulation 47 of the Listing Regulations; (ii) Earning release dated October 30, 2026, on the Financial Results as enclosed herewith; (iii) Press Release titled as “2QFY27 Total Insurance Premium grew 38% YoY to ₹9,385 Cr, led by new protection premium at 4 2% YoY, PAT grew 43% YoY to ₹192 Cr ” is enclosed herewith; 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 Sincerely For PB Fintech Limited Bhasker Joshi Company Secretary and Compliance Officer Encl.: A/a
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Note: India Insurance Premium exclude GST 1. Q2FY27 Scale Total Insurance Premium at ₹9,385 Cr, up 38% YoY o Core Online Insurance Premium up 38% YoY o New Protection (Health + Term Insurance) Premium up 42% YoY Total Lending disbursal for the quarter at ₹4,739 Cr. o Core lending disbursal up 22% YoY 2. Q2FY27 Financials o Operating Revenue at ₹2,178 Cr, up 35% YoY o PAT grew 43% YoY to ₹192 Cr; PAT margin up from 8% to 9% YoY Commenting on results, the company stated: 1. Our Total Insurance Premium for the quarter was ₹9,385 Cr, up 38% YoY , led by growth in core online new protection business at 42% YoY (new Health insurance up 46% YoY). 2. Consolidated operating revenue for the quarter grew 35% YoY to ₹2,178 Cr (Core Insurance revenue up 42% YoY; Q2FY27 Core credit revenue, up 19% YoY). 3. Our core renewal / trail revenue on a 12-month rolling basis is at ₹1,097 Cr, up from ₹774 Cr last year same quarter, a 42% growth (led by growth of 56% YoY in the core insurance segment). The quarterly core insurance renewal revenue is at an ARR of ₹1153 Cr, up from ₹758 Cr in Q2 last year (growth of 52% YoY). 4. Growth in Core New Insurance Premium (net of Savings business) is holding strong at 41% YoY . Core New Insurance Premium (Including Savings) grew 34% YoY for the quarter. Excluding Savings category, we have been growing above 34%YoY for the last 14 consecutive quarters now. 5. We continue to improve our customer onboarding & claims support services and Insurance CSAT is consistent above 90%. 6. Our core credit revenue for the quarter is ₹125 Cr, up 19% YoY, with core disbursal is at ₹2,791 Cr, up 22% YoY. Core Credit disbursal is growing sequentially for the last 5 consecutive quarters. New Initiative revenue grew 28% YoY. Quarterly adjusted EBITDA margin stood at -5%, with 6% contribution margin. 1. PB Partners, our agent aggregator platform, now supports over 570k+ advisors. a. We have moved the business increasingly towards smaller advisors. b. We lead the market. c. Our Active Partner count has increased to 1.31 lacs in Q2FY27, up 55% YoY d. Present in 19k pin codes across India, covering 99% of pin codes in India. PB Partners continues to extend insurance access into both metro and underserved geographies - with Tier 2 and Tier 3 markets contributing 76% of overall GWP for the quarter. e. Total Q2FY27 premium grew 36% YoY to ₹1,989 Cr (Ex GST). Revenue grew by 39% to ₹698 Cr. 2. Q2FY27 UAE Insurance premium grew 36% YoY & aligning more towards health & life insurance, similar to our India business. We have unique value proposition of cross-border health insurance products & Claims assurance program for motor insurance. 2QFY27 Total Insurance Premium grew 38% YoY to ₹9,385 Cr, led by new protection premium at 42% YoY PAT grew 43% YoY to ₹192 Cr
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Note: India Insurance Premium exclude GST Our consolidated Q2FY27 PAT for PB Fintech grew 43% YoY to ₹192 Cr (PAT margin grew from 8% in Q2FY26 to 9% in Q2FY27). This is 2% of our total insurance premium. To summarize our performance since our public listing: a) Revenue grew at a CAGR of 51% from ₹280 Cr in Q2FY22 to ₹2,178 Cr in Q2FY27 b) PAT margin grew from -73% in Q2FY22 to 9% in Q2FY27
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Walker Chandiok &..Co LLP Walker Chilndiok & Co LLP 21st Floor, DLF Square Jacaranda Marg , DLF Phase II Gurugram - 122 002 India T +91 124 4628099 F +91 124 4628001 Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of PB Fintech Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement') of PB Fintech Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group'), and its associates (refer Annexure 1 for the list of subsidiaries and associates included in the Statement) for the quarter ended September 30, 2026 and the consolidated year to date results for the period April 01, 2026 to September 30, 2026, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations . Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently , does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. Chartered Accountants Offices in Bengaluru. ChJndigarh. Chen~i. Gurugram, Hyderabad. Kochi. Kolkat:a. Mumbai, New Delhi. Noida and Pune Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and its registered office at L-41 Connaught Circus. New Delhi. 110001. India
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Walker Chandiok &..Co LLP Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont'd) 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We draw attention to Note 6 to the Statement, regarding management assessment with respect to inspections of the books of accounts and records of Policybazaar Insurance Brokers Private Limited (a wholly owned subsidiary of the Holding or "Policybazaar"), carried out by the Insurance Regulatory and Development Authority of India ("IRDAI") to examine compliance with relevant laws and regulations for various financial years and submission of management responses in respect of the inspection reports and show cause notices issued by IRDAI. During the previous year, the Policybazaar had paid a penalty of z 500 lacs levied by the IRDAI on account of some of the non-compliances noted in one of the three aforesaid inspections. In view of the management, the above matters are not likely to have any further material impact on the continuing operations of Policybazaar and these consolidated financial results. Our conclusion is not modified in respect of this matter. 6. We draw attention to Note 8 to the Statement, regarding the search and survey proceedings carried out by the Directorate General of GST Intelligence and Income Tax Department , at the premises of Paisabazaar Marketing and Consulting Private Limited (a wholly owned subsidiary of the Holding Company or 'Paisabazaar'). Furthermore , Paisabazaar has also received notices from the Income Tax Department. The management after considering all the available information and basis legal opinion obtained, is of the view that allegations against Paisabazaar are not sustainable, and accordingly, no adjustments are required to be made to the accompanying consolidated financial results with respect to aforesaid matters. Our conclusion is not modified in respect of this matter. 7. We did not review the interim financial results of 7 subsidiaries included in the Statement, whose financial information reflects total assets of z 46,891 lacs as at 30 September 2026, and total revenues of z 10,982 lacs and z 20,570 lacs, total net profit after tax of z 710 lacs and z 1,132 lacs, total comprehensive income of z 781 lacs and z 1,248 lacs, for the quarter and six-month period ended on September 30, 2026, respectively, and net cash inflows of z 2,299 lacs for the six-month period ended September 30, 2026, as considered in the Statement. Also, we did not review the consolidated interim financial results of 1 subsidiary included in the statement, whose financial information reflects total assets of z 17,914 lacs as at 30 September 2026, and total revenues of z 7,061 lacs and z 14,099 lacs, total net loss after tax of z 792 lacs and z 756 lacs, total comprehensive loss of z 652 lacs and z 542 lacs, for the quarter and six-month period ended on September 30, 2026, respectively, and net cash outflows of z 1,395 lacs for the six-month period ended September 30, 2026, as considered in the Statement. The Statement also includes the Group's share of net loss after tax of z 443 lacs and z 651 lacs and total comprehensive loss of z 452 lacs and z 660 lacs, for the quarter and six-month period ended on September 30, 2026, respectively, as considered in the Statement, in respect of 1 associate, whose interim financial results have not been reviewed by us. These interim financial results have been reviewed by other auditors whose review reports have been furnished to us by the management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and associates is based solely on the review reports of such other auditors and the procedures performed by us as stated in paragraph 3 above. Further, of these subsidiaries, 5 subsidiaries (including 4 step-down subsidiaries) are located outside India, whose interim financial results have been prepared in accordance with group accounting principles-and which have been reviewed by other auditors under Indian Standards on Auditing. Chartered Ac·co1,mtants;
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Walker Chandiok &_Co LLP Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont'd) Our conclusion is not modified in respect of this/these matter(s) with respect to our reliance on the work done by and the reports of the other auditors. 8. The Statement includes the interim financial results of 4 subsidiaries (including 1 step-down subsidiaries), which have not been reviewed by their auditors, whose interim financial results reflects total assets of z 3,242 lacs as at 30 September 2026, and total revenues of z 296 lacs and z 447 lacs, net loss after tax of z 321 lacs and z 393 lacs, total comprehensive loss of z326 lacs and z 397 lacs for the quarter and six-month period ended on September 30, 2026 respectively, net cash outflows of z 578 lacs for the six-month period ended September 30, 2026 as considered in the Statement , and have been furnished to us by the Holding Company's management. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, are based solely on such unreviewed interim financial results. According to the information and explanations given to us by the management, these interim financial results are not material to the Group. Our conclusion is not modified in respect of this matter with respect to our reliance on the financial statements/ information/ results certified by the Board of Directors. For Walker Chandiok & Co LLP Par er s 001076N/N500013 bership No. 507429 UDIN: 26507429WODRRL8451 Place: Gurugram Date: October 30, 2026 Chartered Accoti nt-, rft;;
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Walker Chandiok &Co LLP Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont'd) Annexure 1 List of entities included in the Statement 1. Policybazaar Insurance Brokers Private Limited 2. Paisabazaar Marketing and Consulting Private Limited 3. !call Support Services Private Limited 4. PB Wheels Private Limited (Erstwhile, Accurex Marketing and Consulting Private Limited) 5. PB Marketing.and Consulting Private Limited 6. Docprime Technologies Private Limited 7. PB Financial Account Aggregator Private Limited 8. Myloancare Ventures Private Limited 9. PB Pay Private Limited 10. PB Fintech FZ-LLC 11. Paisabazaar Middle East Marketing LLC (Indirect) (from July 04, 2025) 12. ZPHIN Computer Systems and Software Designing - Sole Proprietorship LLC (Indirect) 13. MLC Finotech Private Limited (Indirect) 14. Genesis Group Limited (Indirect) 15. Policybazaar Middle East Insurance Brokers LLC (Erstwhile, Genesis Insurance Brokers LLC) (Indirect) 16. Paisa Financial Services Private Limited (Indirect) (from February 27, 2026) Associates: 1. YKNP Marketing Management LLC (Indirect) 2. PB Healthcare Services Private Limited (Subsidiary till April 24, 2025) Chartere d Accoµ11t-!mts
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PB FINTECH LfMITED REGD. OFFICE: PLOT NO. 119, SECTOR 44, GURUGRAM, HARV ANA- 122001 CIN :L51909HR2008PLC037998 CONSOLIDATED UNAUDITED BALANCE SHEET AS AT SEPTEMBER 30, 2026 As at Particulars September 30, 2026 (Unaudited) ASSETS Non-current assets Property, plant and equipment 20,102 Right-of-use assets 35,352 Goodwill 138 Other intangible assets 1,044 Investments accounted for using the equity method 54,614 Financial assets - Investments 108,646 - Trade receivables 29,336 - Other financial assets 141 ,051 Income tax assets (net) 40,161 Other non-current assets 3,174 Total non-current assets (A) 433,618 Current assets Financial assets - Investments 171 ,544 - Trade receivab les 211,585 - Cash and cash equivalents 38,980 - Bank balances other than cash and cash equivalents 6,201 - Loans 121 - Loans for financial activities 1 - Other financial assets 64,104 Other current assets 11 ,311 Total current assets (B) 503,847 Total assets (A+B) 937,465 EQUITY AND LIABILITIES Equity Equity share capita l 9,255 Other equity 768,220 Non-controlling interest 569 Total equity (C) 778,044 Liabilitie s Financial liabilities - Lease liabilities 35,183 Provisions 10,594 Total non-current liabilities (D) 45,777 Current liabilitie s Financial liabilities - Lease liabilities 5,867 - Trade payables (a) total outstanding dues of micro and small enterprises 858 (b) total outstanding dues other than (a) above 54,423 - Other financial liabilities 34,726 Income tax liabilities 191 Provisions 8,780 Other current liabilities 8,799 Total current liabilities (E) 113,644 Total equity and liabilities (C+D+E) 937,465 See accompanying notes to the consolidated unaudited financial results (f in Lakhs) As at March 31, 2026 (Audited) 12,154 30,886 138 939 55,320 130,202 23,901 133,356 43,048 3,106 433,050 135,580 172,870 74,626 1,359 132 55 43,600 9,380 437,602 870,652 9,254 721 ,925 573 731,752 30,479 9,224 39,703 5,536 1,539 45,574 29,000 - 6,840 10,708 99,197 870,652
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I II Ill IV V \ ' I VII VIII IX X XI XII PB FINTECH Ll~IITED REGD . OFFICE : PLOT NO. 119, SECTOR 44, GURUGRMI, HARYANA- 122001 CIN:L51909HR2008PLC0J79 9R CONSOLIDATED STAT EMENT O F UNAUDIT ED FINANCIAL RESU LTS FOR T HE QUARTER AND HALF YEAR ENDED SEPTEMBER JO, 2026 Particulars Income Revenue from operations Other income Tota l Income (1) ExPcnses Emplo)'CC benefits expense Finance costs Depreciation and amonisation expense Ad\·crtising and promotion expenses Network and internet C.'(penscs Other opcnsc:s Total expenses (II) Profit before share of(lo ss)/profit of associat es and tax (1•11) Share of (loss)/profit of associalcs (net) Profit before tax (lll+IV) Income tax ex1umse: Current tax Tot al income tax expense (VI) Profit for the period/yea r (V-VI) Oth er compr ehensin income/(loss) , net of tax Jtems that will not be reclassified to profit or loss - RemC.1Surement of post employment benefit obligations [gainl(loss)] - Share of other comprehensive loss of associates Items that will be reclassified to profil or loss - Exchange differences on translation of foreign operations [gain] Total other comprehensin income, net of income tax ror _the period/ year (VIII) Total comp rehensln Income for the period/year (Vll+VJI I) Profit/(loss) Is attributable to: Owners or PB Fintcch Limited Non-con1rolliug interests Other romprehensl\'e lncome/(loss) Is attribut able to: Own ers of PB Fintcch Limited Non-controlling interests Total comprehensh·e lncome/(loss) Is attributable to: Owners of PB Fintcch Limited Non-controlling interests Paid up cqult-y share capllal (equity shares of face ,·alue on 2 each) Other equity Including non-controllin g Interest Earn1ngs per equity share (inf) lfoce vnlue per share oft 2) l)Ba sic 2) Diluted Sec accompanymg notes to the consohdated unaudited financial results "0" represents values below , 0.50 lakhs following rounding offn om1s Quar ter cndrd Scotembc r 30, 2026 JunrJ0 2026 (Unaudited) !Unaudited) 217,771 188,828 9,985 9,304 227,756 198,132 77,276 71,573 1,167 1.1 13 4,378 4,0 12 44,669 37,9 12 7.0,5 5,672 72,20 1 59,744 206,766 180,026 20,990 18,I06 (449) (248) 20,541 17,858 1,302 1,567 1.302 1,567 19.239 16,291 610 (0) (9) 328 156 929 156 20,168 16,447 19,245 16,289 (6) 2 929 156 (0) 20,174 16,445 (6) 2 9,255 9,254 4. 16 3.53 4. 13 3.50 Not annualised Not annualised Half year ended Seo tember 30 2025 Seotember 30. 2026 Seolrmbcr 30, 2025 (Unaudited) (Unaudilcd) (Unaudited) 161,355 406,599 296, 154 8,451 19,289 18,32 7 169,806 425,888 314,481 60,00 1 148,849 11 5,987 923 2,280 1,8 00 3,386 8.390 6,734 28,0 10 82,58 1 53,32 5 4.313 12,747 8.57 1 59,249 lJl ,945 105,0 5 1 155,882 386,792 291,468 13,924 39,096 23,013 282 (697) 42 7 14,206 38,399 23,440 717 2,869 1,486 717 2,869 1,486 13,489 35,530 21,954 494 6 10 2 13 (9) 49 1 484 51 I 985 1,085 724 14,474 36,615 22,678 13,486 35,534 21,94 5 J (4) 9 985 1,085 724 (0) 14,471 36,6 19 22,669 3 (4) 9 9.1 86 9,255 9,1 86 2.94 7.69 4.19 2.89 7.63 4.70 Not annualised Nol annualised Not annualised (fin Lnkhs) Year ended March 31. 2026 (Audited) 679.402 37,243 716,6-15 246,59 1 3,709 IJ.59 7 121.261 19,650 240,976 6-15,784 70,861 (124) 70,737 3,724 3,724 67,013 51 1,1 72 1,223 68,236 66,994 19 1,223 68,2 17 19 9,254 722.498 14.58 14.46
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PB FINTECH LIMITED REGD. OFFICE : PLOT NO._ 119, SECTOR 44, GURUGRAM, HAR\' ANA- 122001 CIN :L51909HR2008PLC037998 CONSOLIDATED STATEMENT OF UNAUDITED CASH FLOWS FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 tn a • 1S (t . L kl sl For the Bolf year ended Pnrticulars Sentember 30. 2026 Sentembcr 30. 2025 (Unoudiled) (Unaudited) A. Cash flow from operating activities Profit before tax 38,399 23,440 Adjustments for: Depreciation and a111ortisation expense 8,390 6,734 Profit on sale of property, plant and equipment (55) (2) Net gain on sale of financial assets mandatorily measured at fair value through profit and loss (3,555) (602) Net gain on sale of financial assets mandatorily measured at amortised cost (10) Net fair value gains on financial assets mandatorily measured at fair value through profit and loss (1 ,012) (1,380) Loss allowances on trade receivables and other assets (net adjustment of bad de bis and other assets written off) 239 127 Loss allowance -loans for financial activities (net adjustment of loan \\Titten off) 8 7 Foreign exchange nuctuations loss 38 Gain/(loss) on tennination of leases (28) 41 Interest income (14,41 I) (16,359) Share of loss/(profit) of associates accounted for using the equity method (net) 697 (427) Finance costs 2,280 1,800 Employee share-based payment expense 9,224 10,967 Operating profit before working capital changes 40,166 24,384 Change in operating assets and liabiliti es: Increase in trade receivables (44,144) (24,699) Increase in trade payables 8,151 397 Increase in other assets (1,928) (2,582) Increase in other financial liabilities 4,164 2,288 Decrease in loans for financial activities 46 172 Decrease/(increase) in loans II (4) Increase in other financial assets (3,983) (402) Increase in provisions 3,919 1,370 (Dccrcase)/increase in other current liabilities (1,909) 2,075 Cash innow from operations 4,493 2,999 Income taxes refund/(paid) [net] 1,732 (14,080) Net cash inflow/(outflow) from operating acth'ities (A) 6,225 (11,081) B. Cash flows from im•esting acth •ities Purchase of property, plant and equipment and intangible assets including capital advances and payable for capital assets (11,293) (2,684) Proceeds from sale of property, plant and equipment 85 3 Investments in associates - (53,940) Purchase of mutual funds (481,910) (265,687) Proceeds from sale of mutual funds 462,555 229,470 Purchase of corporate bonds (2,527) (2,527) Proceeds from maturity of corporate bonds 12,010 - Repayment of loan given - 2,000 Investment in bank deposits (59,983) (53,154) Proceeds from maturity of bank deposits 34,074 116,496 Interest received 9,190 13,067 Net cash outflow from in,,esting activities (BJ (37,799) (16,956) C. Cash flows from financing acth•itics Proceeds from issue of equity shares on exercise of options 441 I Principal elements of lease payments (2,734) (2,390) Interest paid on lease liabilities (2,263) (1 ,784) Net results of ESOP trust operations (OJ (0) Net cash outflow from financing activities (C) (4,556) (4,173) Net decrease in cash and cash equivalents (A+B+C) (36, 130) (32,210) Cash and cash equivalents at the beginning of the period 74,626 56,052 Effects of exchange rate changes on cash and cash equivalents 484 511 Cash and cash equivalents at end of the period 38,980 24,353 Note: A. The above consolidated statement of Cash Flows has been prepared under the Indirect Method as sci out in the Indian Accounting Standard [Ind AS -7 on "Statemelll of Cash Flows"]. B. Figures in brackets indicate cash outnow. "0" represents values below~ 0.50 lakhs following rounding off nonns ' ~1\~.\\D!0/i,7 .':., ... . ::· <:D ACC
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PB FINTEC II LI MIT ED REGD. OFFICE : PLOT NO. 11 9, SECT OR 44, GURUGRAM, IIARYANA- 122001 CIN: L51909HR2008PLC037998 CONSOLIDATED STATE ~I ENT O F UNAUDITED SEGMENT INFO RMAT ION FOR THE QUARTER AND IIALF YEAR ENDED SE PTEMBER 30, 2026 Quart er ended ll alfYcar ended Particu la rs Septe mber 30, 2026 June 30, 2026 Septemb er 30, 2025 September 30, 2026 September J O, 2025 (Unaud ited) (Una udited) (Unaudilcd) (llnam litcd) (Unaud ited) I Segme nt r C\' CIIUC Insurance broker services 201.519 172.844 142.816 374,363 261.5 11 Other services 16.252 15,984 18.539 32.236 34.643 Total revenue 217,771 188,828 161,355 406,599 296,154 II Segment resu lts Insurance broker services 25.230 20,656 18.827 45,886 32.434 Other services (3.522) (1.685) (3.698) (5.207) (7,194) Profi t bcforc linancc costs a nd tax 21,708 18,971 15,129 40,679 25,240 Finance costs 1. 167 1. 11 3 923 2,280 1.800 Profit before lax 20,541 17,858 14,206 38"199 23,440 Income tax expense 1.302 1.567 717 2,869 1.486 Profi t after tax 19,239 16,291 13,489 35,530 21,954 Ill Segmen t assets Insurance broker sc.rviccs 485.063 453.067 373,426 485,063 373.426 Other services 452,402 447.693 420.495 452,402 420,495 Tota l assets 937,465 900,760 793,92 I 937,465 793,921 IV Segment HabUitics Insurance broker services 123,257 115.525 8 1,990 123.257 81,990 Other services 36,164 32,603 34.470 36.164 34.470 Tola I liabilities 159,421 148,128 116,460 159,421 116,460 ff in Lak hsl Yea r cndctl Ma rc h 31, 2026 (AudHcd) 608.928 70.474 679,402 86.076 (1 1,630) 74,446 3.709 70,737 3,724 67,013 419,376 45 1,276 870,652 101 .824 37.076 138,900 Based on nan1re of services rendered , the risk and returns, internal organization and managemen t structure , nature of the regulatory environment and the internal pcrfonna ncc reporting systems, the managemen t considers that the Group is organized into two reportab le segments: a) Insurance Broker services {regulated services): This Segment consists of insurance broker services provided by the group in India which are regulated by the Insurance Regulatory Development Authority {Insurance Brokers) Regulatio ns, 20 18 and UAE which arc regulated by Central Bank of the UAE {CBUAE) under tl1c COUAE Circular No. 01 /2024 Concerning Insurance Brokerage Regulations. b) Other services: This Segment consists of commission from financial prod ucts aggregation service, on line marketing, consulting and suppo11 services provided largely to the financial sen1iccs industry. c) In accordance with Ind AS I OS .;Ope rating Segments'· and based on ,;Management Evaluation", the Group. keeping in view the review of operations by Chief Operating Decision Maker ("CODM") . has allocated the brand and other related costs betwee n tl1e insurance broker scn1ices and other services, which have been incurred specifically for each segment.
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PB FINTECH LIMITED REGD. OFFICE: PLOT NO. 119, SECTOR 44, GURUGRAM, HARY ANA- 122001 CIN: L51909HR2008PLC037998 NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 1. The above consolidated unaudited financial results of the Company and its subsidiaries ( collectively "the Group") and its interest in associates have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ("Ind AS") under section 133 of the Companies Act, 2013, as amended, read with rekvant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 2. The Group includes the following entities: Relationship Name of the entities Holding Company PB Fintech Limited Trust Etechaces Employees Stock Option Plan Trust Subsidiaries Indian direct (a) Policybazaar Insurance Brokers Private Limited (b) Paisabazaar Marketing and Consulting Private Limited ( c) Icall Support Services Private Limited ( d) PB Wheels Private Limited (Erstwhile, Accurex Marketing and Consulting Private Limited) (e) PB Marketing and Consulting Private Limited (f) Docprime Technologies Private Limited (g) PB Financial Account Aggregators Private Limited (h) MyLoanCare Ventures Private Limited (i) PB Pay Private Limited Foreign direct (j) PB Fintech FZ-LLC Indian indirect (k) MLC Finotech Private Limited (1) Paisa Financial Services Private Limited (from February 27, 2026) Foreign indirect (m) Zphin Computer Systems and Software Designing- Sole Proprietorship L.L.C (n) Genesis Group Limited ( o) Policybazaar Middle East Insurance Brokers LLC (Erstwhile, Genesis Insurance Brokers LLC) (p) Paisabazaar Middle East Marketing LLC (from July 04, 2025) Associates Indian direct a) PB Healthcare Services Private Limited (w.e.f. April 24, 2025) Foreign indirect b) YKNP Marketing Management LLC 3. These consolidated unaudited financial results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on October 30, 2026. 4. No Stock options were granted during the qua11er ended September 30, 2026. Share based payment expense for the quarter and half year ended September 30, 2026 is ~ 4,824 lakhs and ~ 9,224 lakhs respectively. 5. During the quarter ended September 30, 2026, the Company allotted 57,885 equity shares and transferred 18,360 equity shares from the ESOP Trust pursuant to the exercise of options under the approved employee stock option schemes.
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PB FINTECH LIMITED REGD. OFFICE: PLOT NO. 119, SECTOR 44, GURUGRAM, BARY ANA- 122001 CIN: L51909HR2008PLC037998 NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 6. The Insurance Regulatory and Development Authority of India ("IRDAI") had carried out regular inspections at Policybazaar Insurance Brokers Private Limited (the "Wholly owned subsidiary" or "Policybazaar") to examine compliance with relevant laws and regulations for various financial years and issued its reports, requesting for responses to the observations stated therein. Policybazaar submitted its responses to the IRDAI subsequent to which IRDAI issued show-cause notices and a letter of advice in respect of the above inspection reports on matters pertaining to maintaining specific documentation , systems and processes , disclosures and timely filing of certain returns. Policybazaar has duly put in place the necessary systems and processes and action taken report for closure of the observations has been submitted to the IRDAI. Further, Policybazaar shall continue to abide by the guidelines/regulations issued by the IRDAI from time to time. With respect to one of the three inspections carried out as above, a personal hearing was scheduled by IRDAI for February 11 , 2025, and was attended by Policybazaar. Post attending the personal hearing and the additional submissions made thereon by the Company on February 26, 2025, IRDAI issued an Order dated August 04, 2025, levying a penalty in the aggregate oH 500 Lakhs for violation of certain provisions of applicable IRDAI regulations which was duly paid by the Policybazaar on September 17, 2025. IRDAI has also issued additional directions/advisories to the Policybazaar and advised to comply with those directions/advisories in a time-bound manner. The Order was placed before the Board in its meeting on August 25, 2025, and the minutes thereof were submitted to IRDAI on September 09, 2025. Further, for one of the two pending inspections, the Policybazaar has received a Show cause notice and Letter of Advisory dated August 13, 2026 with respect to the inspection held in 2024 for broker license. The said Show cause notice and Letter of Advisory were placed before the Board in its meeting held on August 24, 2026 and the minutes thereof along with Action Taken Report on the advisories to the I Policybazaar were submitted to IRDAI on August 31 , 2026. Policybazaar submitted the response to the Show cause notice on September 09, 2026. Further, a personal hearing was scheduled before the Authority for the same on October 27, 2026 and the same was attended by the Policybazaar . Policybazaar awaits further update from the Authority in this regard. In view of the management, the above matters are not likely to have any further material impact on the continuing operations of Policybazaar as well as these Consolidated financial results. 7. Policybazaar Insurance Brokers Private Limited (the "Wholly owned subsidiary" or "Policybazaar") is an electronic commerce operator ("operator") under the Central Goods and Services Tax Act, 20 l 7 ("CGST Act"). The said Act requires every operator, not being an agent, to collect an amount, calculated at the prescribed rate, on the value of taxable supplies made through it where the consideration for such supplies is collected by the operator. In the assessment of the management supported by legal advice, the aforesaid requirement of collecting tax at source is not applicable to Policybazaar as Policybazaar is not engaged in collecting money on behalf of the insurers and the money flows directly from the customers to the insurance company through a nodal or escrow bank account. In view of the management , Policybazaar merely facilitates transfer of insurance premium to the insurance companies and is required to ensure transfer of the full amount of such premium, without the ability to deduct any amount paid by the customers. Accordingly, the above matter is not likely to have any impact and accordingly, no provision has been made in these financial results. Policybazaar also made representation to the Government authorities and the Principal Regulator ("IRDAI") in the earlier years, seeking clarification and exemption from applicability of the above section on insurance intennediaries. ,~-~..Y <'.: ,--_, ½ ~ _,, 0. '7..p '1:-l?eo ACC
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PB FINTECH LIMITED REGD. OFFICE: PLOT NO. 119, SECTOR 44, GURUGRAM, HARY ANA- 122001 CIN: L51909HR2008PLC037998 NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 8. In accordance with Section 67(2) of the CGST Act, 2017, the Directorate General of GST Intelligence (DGGI) conducted a search at the premises of Paisabazaar Marketing and Consulting Private Limited (WOS) in October 2022 regarding input tax credit (ITC) availment for FY 2021-22 and FY 2022-23. Consequently, the WOS deposited a total of zl,450 Lakhs under protest on various dates, which was fully provided for in the books of accounts for the quarter ended June 30, 2024. Although the DGGI issued a closure letter under section 74(6) of the CGST Act, 2017 in the quarter ended December 31 , 2024. The WOS has formally reiterated that these payments remain under protest under section 73(5) of the CGST Act, 2017. No further communication has been received from the depaiiment to date. Fmiher, the Income Tax Department conducted a survey in December 2023, resulting in disallowances under section 37 of the Income Tax Act, 1961 for expenditure related to ce1iain vendors. For A Y 2022-23 and A Y 2023-24, assessment orders were issued disallowing z6,031 Lakhs and z8,560 Lakhs, respectively . While these orders raised demands of z 1,067 Lakhs and z932 Lakhs, management noted that these were en-oneously computed without considering brought-forward loss set-offs. On April 30, 2026, the CIT(A) issued orders confinning the disallowances but directed the Assessing Officer to verify and allow the set off of losses as per law. On June 26, 2026, the WOS has duly filed an appeal against CIT(A) order dated April 30, 2026, before the Hon'ble ITAT. During the quarter ended September 30, 2026, the matter was fixed for hearing on October 5, 2026 and the matter got further adjourned to November 25, 2026. Additionally, the WOS received notices under the Prohibition of Benami Property Transactions Act, 1988, alleging it as the beneficial owner of transactions with certain specified vendors. During the quarter ended March 31, 2026, the company received order u/s 26(3) of PBPT Act dated March 24, 2026, wherein the Adjudicating authority( ' AA') has confinned the Provisional attachment order passed by Initiating officer on the alleged benamidars. During the quarter ended June 30, 2026, the WOS has filed an appeal against the AA order before the Appellate Tribunal ("SAFEMA") on May 04, 2026. During the quarter ended September 30, 2026, the matter was fixed for hearing on October 6, 2026 and the matter got adjourned to January 13, 2027. The management's legal expe1is, after examining the notices, submissions and documents available with the WOS, opined that the aforementioned allegations are not sustainable at the appellate forums. While the outcome is awaited, basis legal opinion and management assessment, the management determined that no adjustments are required with respect to the aforementioned matters on these consolidated financial results. 9. During the previous year ended March 31 , 2025, Directorate General of GST Intelligence (DGGI), Gurugram, Haryana visited the premises of Policybazaar Insurance Brokers Private Limited a wholly owned subsidiary of the Company and conducted a search and enquired about its certain vendors. Policybazaar has furnished the necessary infonnation as required by the DGGI. Further, during the quarter ended June 30, 2025, the Company made a deposit of z 200 lakhs under protest on May 21 , 2025, under section 73(5) of the Central Goods and Services Tax Act, 2017. No further communication received from the DGGI in this regard.
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PB FINTECH LIMITED REGD. OFFICE: PLOT NO. 119, SECTOR 44, GURUGRAM, HARV ANA- 122001 CIN: L51909HR2008PLC037998 NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 10. During the quarter ended June 30, 2026, PB Marketing and Consulting Private Limited, a wholly owned subsidiary has been granted a Ce1tificate of Registration as a Stock Broker (Registration No. INZ000333532) by the Securities and Exchange Board of India ("SEBI") to operate on the Debt Segment(s) of the National Stock Exchange of India Limited ("NSE"), effective May 08, 2026. 11. All the amounts included in the consolidated unaudited financial results are rounded off to the nearest lakhs, except per share and unless stated otherwise. For and on behalf of the Board of Directors Yashish Dahiya Chairman and Chief Ex DIN: 00706336 Place: Gurugram Date: October 30, 2026 c'\WD!Otr /,"'" \ <=DACC
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Walker Chandiok &Co LLP Walker Chandiok & Co LLP 21 st Floor, DLF Square Jacaranda Marg, DLF Phase II Gurugram - 122 002 India T +91 124 4628099 F +91 124 4628001 Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of PB Fintech Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of PB Fintech Limited ('the Company') for the quarter ended September 30, 2026 and the year to date results for the period April 01, 2026 to September 30, 2026, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. The Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations . Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Chartered Accountants Offices in Btngaluru. Chandigarh. Chennai. Gurugram. Hyderabad. Kochi. Kolkata. Mumbai. New Delhi. Noida and Pune Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and its registered office al L-41 Connaught Circus. New Delhi. 110001. India
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Walker Chandiok &.Co LLP Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont'd) 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP Chartered Accountants egistration No: 001076N/N500013 . . rship No.: 507 429 26507 429KCULLW8945 Place: Gurugram Date: October 30, 2026 <:tiartere d Acco~n t11nti:
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PB FINTECH LIMITED RECD. OFFICE: PLOT NO. 119, SECTOR 44, GURUGRAM, HARYANA- 122001 CIN: L51909HR2008PLC03 7998 STANDALONE UNAUDITED BALANCE SHEET AS AT SEPTEMBER 30, 2026 Particulars As at September 30, 2026 (Unaudited) ASSETS Non-current assets Property , plant and equipment 21 Right of use assets 2,458 Other intangible assets 202 Financial assets - Investments 535,839 - Other financial assets 100,327 Income tax assets (net) 4,593 Other non-current assets 12,114 Total non-current assets (A) 655,554 Current assets Financial assets - Investments 103,064 - Trade receivables 658 - Cash and cash equivalents 2,486 - Bank balances other than. cash and cash equivalents 3,548 - Loans 10,000 - Other financial assets 95,394 Other current assets 5,263 Total current assets (B) 220,413 Total assets (A+B) 875,967 EQUITY AND LIABILITIES Equity Equity share capital 9,255 Other equity 862,229 Total equity (C) 871,484 Liabilities Non-current liabilities Financial liabilities - Lease liabilities 2,508 Provisions - Total non-current liabilities (D) 2,508 Current liabilities Financial liabilities - Lease liabilities 152 - Trade payables (a) total outstanding dues of micro and small enterprises 44 (b) total outstanding dues other than (a) above 536 - Other financia l liabilities 1,145 Provisions 49 Other current liabilities 49 Total current liabilities (E) 1,975 Total equity and liabilities (C+D+E) 875,967 See accompanying notes to the standalone unaudited financial results :::-' <) ::i -,r .,< /2 (f) ~ ~ "?,-? t-.~ ~l?t,o Acc0'U (tin Lakhs) As at March 31, 2026 (Audited) 34 2,619 204 531 ,283 94,539 7,969 8,532 645,180 101 ,540 280 22,515 117 10,008 42,527 7,541 184,528 829,708 9,254 810,419 819,673 2,591 104 2,695 132 44 5,737 1,129 170 128 7,340 829,708
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I II Ill IV V VI VII VIII IX X XI XII l'B FINTECII LIMITED REGD. OFFICE : PLOT NO. 119, SECTOR 44, GURUGRAM , IIARYANA- 122001 CIN : L5 190911 1l2008PLC037998 STANDALONE STAT El\l ENT OF UNAUDITED FINANC I AL RESULTS FOR TII E QUARTER AND II ALF YEAR ENDED SEPTE!\"IBER 30, 2026 Particu lars Income Revenue from operations Other income To tal income (I) Expenses Employee benefits expense Finance costs Depreciation and amortisation expense Advertising and promotion C."tpenscs Nt.1work and internet expenses Other c.-c:pcnses Tota l expenses (II ) Pro fit heron~ exceptiona l items and tax (1-11) Exceptional items- gain (refer note 6) Profi t before tax (IIJ+ IV) Income tax expense: Current tax To tal income tax expense (VI) Profit fo r the per iod/year (\'-VI) Other compr ehensl\·e income, net of tax Items that will not be reclassified 10 profit or loss - Remeasurement of post employment benefits obligations !gain] Total other comp rehens h·e Income, net ofl ncomc tax for the period/year (VII I) Tota l comprehensive income fo r the period/year (Vl l+VIII) Paid up equity share capita l (equity sha res of face \'a lue on 2 ench) Othe r eq uity Ea rnings per equity share-{In~) lfncc vitluc pe r shnrc on 2) I) Basic 2) Diluted Sec accompanying notes to the standalo ne unaudited financial results <,} ·\ · ::--,, 3:: ~:.: () ,,,..,., ~ lrl:oACC Q uarter ended Septembe r 30, 2026 June 30, 2026 fUna uditc dl (Unaudite d\ 540 39,799 5,190 5,5 18 5,730 45,317 2,550 2.44 1 80 80 88 88 ]6 49 302 284 2]5 258 3,29 1 3,200 2.4] 9 42, 117 2,439 42,117 1,094 1,347 1,094 1,347 1,345 40,770 4 14 4 14 l ,]49 40,784 9,255 9,254 0.29 8.82 0.29 8.75 Not annua lised Nol annualised Half yea r ended Seplember JO, 2025 September 30, 2026 Sep tember 30, 2025 lUna udHed) (Una udited) lUna uditedl 4,938 40,339 8,957 5,248 10,708 10,894 10,1 86 51,047 19,851 3.738 4,99 1 7,460 83 160 11 2 91 176 177 5,7 13 85 10,205 197 586 328 29 1 493 708 10,11] 6,49 1 18,990 73 44,556 861 73 44,556 861 4 2,441 70 4 2,44 1 70 69 42,115 791 20 18 2 20 18 2 89 42, 133 79] 9,186 9,255 9.186 0.0 1 9.11 0.17 0.0 1 9.04 0. 17 Nol annualised Not annualised Not annualised (l in Lnkhs) Year ended !\larch 31, 2026 (Audited) 20,837 2 1,334 42, 171 13,727 276 358 22.149 758 1. 189 38,457 J,7 14 953 4,667 523 52] 4, 144 49 49 4,1 93 9,254 810.419 0.90 0.89
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PB FINTECH LIM ITED REGD. OFFICE: PLOT NO. 119, SECTOR 44, GURUGRAM, HARYANA- 122001 CIN: L51909HR2008PLC037998 STANDALONE STATEMENT OF UNAUDITED CASH FLOWS FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 Partic ulars Cash flow from operating actiYitics Profit before tax Adjustments for : Depreciation and amortisation expense Profit on sale of property, plant and equipment Net gain on sale of financial assets mandatorily measured at fair value through profit and Joss Net fair value gains on financial assets mandatorily measured at fair value through profit and loss Loss allowances written back on trade receivables and other assets (net adjustment of bad debts and other assets written off) Interest income Loss on tennination of leases Finance costs Employee share-based payment expense Operat ing Joss before working capita l changes Change in operat ing assets and liabilities: (lncrease) /decrease in trade receivables (Decrease) /incrcase in trade payables Dccrease /(increase) in other assets lncrease /(decrease) in other financial liabilities Decrease in loans Increase in other financial assets Decrease in provisions Decrease in other current liabilities Cash outflow from operations Income taxes refund/{paid) Net cash outflow from operating activities (A) Cash flows from investing activities Purchase of property , plant and equipment including intangible assets , change in capital advance and payable for capita l assets Proceeds from sale of property, plant and equipment Investments in subsidiaries and associates Loans given to subsidiaries Purchase of corporate bonds Proceeds from sale of corporate bonds Purchase of mutual funds Proceeds from sale of mutual funds Investment in bank deposits Proceeds from maturity of bank deposits Interest received Net cash outflow from investi ng acth•ities (B) Cash flows from financing ncth•ities Proceeds from issue of equity shares on exercise of options Principa l elements oflease payments Interest paid Net results of ESOP trust operations Net cash inflow/(outfl ow) from fin ancing activities (C) Net dec rease in cas h and cas h equivalents (A+B+C) Cash and cash equivalents at the bcgi1ming of the period Cash and cash equiva lents at end of the period (~ in Lak hs) For th e Half year ende d Septembe r 30, 2026 Sep tember 30, 2025 (Unaudited) (Unaudite d) 44,556 861 176 177 ( I) (0) {2,844) (335) (67 1) (760) (0) {7,191) (9,798) 116 160 112 4, 154 5,007 38,339 (4,620) (378) 55 (5,20 1) 926 3, 125 - {1,435) 16 (5,351) 8 I (37,772) (1,848) (207) (4 1) (79) (6 1) (2,149) (12,374) 1,139 (424) (1,010) (12,798) (!) (5) I I {1,900) (54,940) - (27,33 1) (2,527) 5,867 (81,293) (21,2 19) 76,627 15,644 (51,120) (17,500) 30,175 75,049 4,933 6,033 (19,238) (24,268) 441 I (62) (100) (160) (1 12) (0) (0) 219 (211) (20,029) (37,277) 22,515 37,422 2,486 145 A. The above unaud ited standalone statement of Cash Flows has been prepared under the Indirect Method as set out in the Indian Account ing Standard [Ind AS -7 on Statement of Cash Flows"]. B. Figures in brackets indicate cash outflow. "0" rel/.resents values below~ 0.50 lakhs following rounding olTno nns r. i>,\11D!OI(? ' ~ o<. <,, -j,: J!!
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PB FINTECH LIMITED REGD. OFFICE: PLOT NO. 119, SECTOR 44, GURUGRAM, HARYANA- 122001 CIN: L51909HR2008PLC037998 NOTES TO STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 1. These Standalone unaudited financial results of the PB Fintech Limited ("the Company") have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ("Ind AS") under section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment thereafter. 2. These Standalone unaudited financial results have been reviewed by the Audit Committee and approved by the Board of Directors of the company in their respective meetings held on October 30, 2026. 3. No stock options were granted during the quarter ended September 30, 2026. Share based payment expense for the quarter and half year ended September 30, 2026 is z 2,132 lakhs and z 4,154 lakhs respectively. 4. During the quarter ended September 30, 2026, the Company allotted 57,885 equity shares and transferred 18,360 equity shares from the ESOP Trust pursuant to the exercise· of options under the approved employee stock option schemes. 5. The Company has one primary business segment, i.e. online marketing and infonnation technology consulting & support services on a standalone basis. As the Company has a single reportable segment , the segment wise disclosure requirements of Ind AS 108 on Operating segment is not applicable. 6. Exceptional items- gain include: (fin Lakhs) Particulars Year ended March 31, 2026 Reversal of provision for diminution in carrying value of investment - Icall Support Services Private Limited** 953 Total Gain 953 ** During the year ended March 31, 2026, the Company reversed an impainnent loss of z 953 Lakhs previously recorded on its investment in Icall Support Services Private Limited, (a wholly owned subsidiary Company). The reversal was made in accordance with Ind AS, as the recoverable amount of the investment exceeded its carrying value. 7. During the quarter ended June 30, 2026, pursuant to an updated independent benchmarking study, the Company revised the ten11S of its IPR licensing arrangements with it's subsidiaries with effect from April 01, 2026. Consequently , revenue from operations for the half year ended September 30, 2026 includes an upfront fixed IPR fee of z39,348 lakhs from Policybazaar Insurance Brokers Private Limited, as approved by the Board of Directors.
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PB FINTECH LIMITED REGD. OFFICE: PLOT NO. 119, SECTOR 44, GURUGRAM, HARYANA- 122001 CIN: L51909HR2008PLC037998 NOTES TO STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 8. During the quaiier ended June 30, 2026, the Company has further invested ~ 500 lakhs in equity shares of PB Marketing and Consulting Private Limited (a wholly owned subsidiary). Against this investment , the subsidiary company issued 5,000,000 equity shares to the company. The said investment has been made to enable PB Marketing and Consulting Private Limited to meet the minimum net worth threshold required prescribed for registration and operation as a depository participant with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL), and to meet its other operational requirements. 9. During the quarter ended June 30, 2026, PB Marketing and Consulting Private Limited, a wholly owned subsidiary has been granted a Certificate of Registration as a Stock Broker (Registration No. INZ000333532) by the Securities and Exchange Board of India ("SEBI") _to operate on the Debt Segment(s) of the National Stock Exchange of India Limited ("NSE"), effective May 08, 2026. The PB Marketing and Consulting Private Limited is yet to commence its debt segment stock broker business. 10. During the quatier ended September 30, 2026, the Company has further invested ~ 1,300 lakhs in the equity shares of PB Pay Private Limited (a wholly owned subsidiary). Against this investment , the subsidiary company issued 13,000,000 equity shares to the Company. The said investment has been made to meet the capital adequacy/net worth criteria mandated by the Reserve Bank of India (RBI) for operating as a Payment Aggregator and to support business expansion of the PB Pay Private Limited . 11 . During the quarter ended September 30, 2026, the Company has further invested ~ I 00 lakhs in the equity shares of PB Financial Account Aggregators Private Limited (a wholly owned subsidiary). Against this investment, the subsidiary company issued 1,000,000 equity shares to the Company. The said investment has been made to meet its general operating expenses and/or to meet the capital adequacy/net worth criteria mandated by the Reserve Bank of India (RBI) for Account Aggregator. 12. All the amounts included in the standalone unaudited financial results are rounded off to the nearest lakhs, except per share and unless stated otherwise. For and on behalf of the Board of Directors Yashish Dahiya Chainnan and Chief Ex DIN: 00706336 Place: Gurugram Date: October 30, 2026 ,:, -fr -~ ,$:"{ ~"i'l:o Acc0'J