Shares of PB Fintech fell 6% at market open on September 17, amid market speculation that Chairman, Executive Director and Group Chief Executive Officer Yashish Dahiya could resign from the company. According to reports from CNBC-TV18, the speculation was first reported in the morning when Dahiya told the publication that the speculation was false and that he "Will continue to remain in the same role in the company." The company issued its clarification through an exchange filing after market hours, categorically denying the market speculation that Dahiya intended to resign or step down from his position, calling it 'false and baseless.'
PB Fintech has approved three major proposals involving its subsidiaries, with the total amount across the transactions reaching up to ₹16 crore. The biggest component is a ₹10 crore capital infusion into PB Wheels Private Limited in one or more tranches, with the proposed capital to be used for working capital and general operating expenses. The company has also approved the purchase of the remaining 20% stake in MyLoancare Ventures for an estimated cash consideration of up to ₹5 crore, which would take its ownership to 100%. PB Fintech has also set aside ₹1 crore for PB Financial Account Aggregators Private Limited (PBFAA)**,* with the funds supporting general expenses and capital requirements. The company expects the MyLoancare transaction to be completed by March 31, 2027.
PB Wheels operates in digital car care and vehicle management, with services including motor vehicle claims and related assistance, and recorded revenue of ₹2.30 crore in FY2025-26. MyLoancare, incorporated in October 2013, operates in digital lending technology, retail loan aggregation and financial product distribution, with turnover of ₹82 lakh in FY2025-26 against ₹70 lakh in FY2024-25. PBFAA, incorporated in February 2022, operates as an Account Aggregator with revenue from operations at ₹12.79 lakh in FY2025-26, compared with ₹24.69 lakh a year earlier. The company stated that its business strategy and growth plans would continue to be executed under Dahiya's leadership, along with the senior management team.
The stock's decline came even as global brokerage Bernstein said PB Fintech is likely to see a limited impact from proposed changes to insurance commission norms. According to Bernstein's report, the proposed consultation paper is expected to cover commission and expense limits for insurance products, with banks likely to face more significant commission reductions while retail insurance products could see smaller cuts. The brokerage expects the regulatory overhang to 'resolve amicably,' with a limited impact on PB Fintech. The Insurance Regulatory and Development Authority of India (IRDAI) is expected to issue a consultation paper on insurance commissions and distribution soon.
