Clarification28 Sept 2026, 08:20 pm
Turtlemint Fintech Clarifies Share Price Movement
AI Summary
Turtlemint Fintech Solutions Ltd has responded to queries regarding significant price and volume movements in its shares, stating the activity is market-driven. The company highlighted a public consultation paper released by IRDAI on September 24, 2026, titled 'Recalibrating Economics of Insurance Distribution'. This paper proposes changes to the expenses of management framework and commission limits for insurance distribution entities. The company is studying these proposals and will submit its comments. Turtlemint confirmed no undisclosed price-sensitive information is pending and that all required disclosures have been made.
Key Highlights
- Share price and volume movement attributed to market forces.
- IRDAI consultation paper on insurance distribution economics cited.
- Proposals may impact expenses of management and commission limits.
- Company is studying proposals and will submit comments to IRDAI.
- No undisclosed price-sensitive information pending disclosure.
Price Impact
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