PHYSICSWALLAH LIMITED : PARTIAL CLOSURE OF LOAN PORTFOLIO OF WHOLLY OWNED SUBSIDIARY

• FinZ Finance Private Limited, a wholly owned subsidiary, has entered into an agreement with Auxilo Finserve Private Limited for sale, transfer and assignment of loan portfolio. • The loan portfolio being sold aggregates to ₹95.79 crore, constituting a substantial part of the total loan portfolio. • The transaction is expected to result in partial closure of FinZ Finance's lending operations. • Reasons include strategic realignment to focus on core business operations and optimize capital allocation. • Auxilo Finserve Private Limited is an RBI-registered NBFC focused on the education sector.

Physicswallah Limited

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