We wish to inform you that the members of M/s Share India Insurance Brokers Private Limited, subsidiary of the Company, at its Extra Ordinary General Meeting held on May 19, 2023, approved the issue of 3,09,000 (Three Lakh Nine Thousand) Equity Shares at a price of Rs. 11.89/- (Rupees Eleven and Eighty Nine Paisa Only) each amounting to Rs. 36, 74,010/- (Rupees Thirty-Six Lakh Seventy Four Thousand and Ten Only) on a preferential basis. Post aforesaid issue, the shareholding of the company in Share India Insurance Brokers Private Limited will stand reduced to 94.35% and consequently, Share India Insurance Brokers Private Limited will cease to be a Wholly-Owned Subsidiary of the Company but will continue as Subsidiary of the Company.