With reference to our intimation dated 07.11.2025 related to proposed incorporation of a Wholly owned Subsidiary (WoS), in this regard, please be informed that as per the approval received from the Registrar of Companies, a WoS named \Ashika Global Insurance Advisors Pvt Ltd\ has been incorporated on 12.12.2025 to carry out Insurance business as a Corporate Agent (Composite) subject to necessary approvals/ registrations from Regulatory Authorities.