Jio Financial Services Incorporates General Insurance Joint Venture with Allianz Europe B.V.

Jio Financial Services Limited has incorporated a general insurance joint venture company, Jio Allianz General Insurance Limited (JAGIL), in partnership with Allianz Europe B.V. on May 12, 2026. The development marks a significant step in the company's expansion into the domestic general insurance sector, which also encompasses health insurance, subject to receipt of requisite regulatory approvals.

Joint Venture Incorporation Details

The incorporation of JAGIL follows the execution of a joint venture agreement between Jio Financial Services and Allianz Europe B.V., which was disclosed through a joint media release dated April 22, 2026. The Certificate of Incorporation was received from the Ministry of Corporate Affairs by email at 5.12 p.m. on May 12, 2026. The incorporation was carried out pursuant to the receipt of a no objection certificate from the Insurance Regulatory and Development Authority of India.

The key parameters of the joint venture are outlined below:

Parameter: Details Joint Venture Company: Jio Allianz General Insurance Limited (JAGIL) Date of Incorporation: May 12, 2026 Business Activity: General Insurance (including Health Insurance) Joint Venture Partner: Allianz Europe B.V. Investment by Jio Financial Services: ₹4.95 crores Number of Equity Shares Subscribed: 49,50,000 Face Value per Share: ₹10/- Stake Held by Jio Financial Services: 50%

Regulatory and Compliance Disclosures

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Jio Financial Services has clarified that the transaction does not fall within the purview of a related party transaction, and none of the company's promoter, promoter group, or group companies have any interest in the above transaction. JAGIL will carry on the business of general insurance in India, subject to the necessary regulatory approvals being obtained.

Jio Financial Services has informed the stock exchanges of its participation in an upcoming institutional investors' meeting, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made on May 12, 2026, by Group Company Secretary and Compliance Officer Mohana V.

Institutional Investors' Meeting Details

Company executives are scheduled to participate in Motilal Oswal's Singapore Corporate Day 2026, an event organised by a third party. The meeting will be held in-person in Singapore across two days. The following table summarises the key details of the event:

Parameter: Details Date: May 18-19, 2026 Event: Motilal Oswal's Singapore Corporate Day, 2026 Mode: In-Person (Singapore) Nature of Meeting: One-on-One / Group

Disclosure and Compliance

Jio Financial Services has clarified that no unpublished price sensitive information is proposed to be shared or discussed during the meeting. The company has stated that only information available in the public domain will be discussed. The disclosure was made in accordance with the applicable SEBI listing regulations to keep exchanges and investors duly informed.

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