Vedavaag Systems Invests ₹75 Lakhs in Subsidiary

Vedavaag Systems Ltd has announced a further investment of ₹75,00,000 (₹75 Lakhs) in its wholly-owned subsidiary, Vedavaag Financial Insurance Broking Services Private Limited (VFIBSPL), through a rights issue. The investment comprises 7,50,000 equity shares of ₹10 each. This transaction does not alter Vedavaag Systems' shareholding percentage in VFIBSPL, which remains at 100%. VFIBSPL is engaged in insurance agency and broking services and recently received in-principle approval from IRDAI to act as a Direct Insurance Broker (Life and General). The turnover of VFIBSPL for FY26 was ₹1,254. The transaction is considered a related party transaction but is conducted at arm's length.