Choice Insurance Broking, a subsidiary of Choice International, announced its appointment as the Intermediary for the Centrally Sponsored Livestock Insurance Scheme in Karnataka for the fiscal year 2023-24. The agreement formalizing this collaboration was signed between the Karnataka Livestock Development Agency and IFFCO Tokio General Insurance Company. Under this comprehensive scheme, Choice Insurance Broking will extend its services across all 31 districts in Karnataka, providing essential coverage for the livelihoods and assets of approximately 150,000 livestock owners in the state. Choice Group`s active involvement in this initiative underscores their steadfast commitment to enhancing insurance access and safeguarding the financial interests of rural India. This partnership serves as a testament to the collaborative efforts of both Central and State government bodies in bringing this project to fruition.Powered by Capital Market - Live News

Net profit of Choice International rose 255.93% to Rs 29.40 crore in the quarter ended September 2023 as against Rs 8.26 crore during the previous quarter ended September 2022. Sales rose 148.92% to Rs 190.95 crore in the quarter ended September 2023 as against Rs 76.71 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales190.9576.71 149 OPM %25.4820.32 - PBDT41.7412.65 230 PBT40.0011.57 246 NP29.408.26 256 Powered by Capital Market - Live News

Choice International will hold a meeting of the Board of Directors of the Company on 16 October 2023.Powered by Capital Market - Live News

Choice Consultancy Services, a wholly owned subsidiary of Choice International, has been selected to undertake a pioneering project that holds the potential to revolutionize the landscape of agricultural finance and rural development. The company has been awarded a prestigious contract to serve as System Integrators for the computerization of Primary Agricultural Credit Societies (PACS) in the state of Bihar. The contract for this transformative endeavour is valued at Rs. 50 crore plus taxes. The project is set to cover 4495 PACS in its initial phase with an estimated completion time of 9 months for the computerization phase.Powered by Capital Market - Live News

Choice International announced that the 30th Annual General Meeting (AGM) of the company will be held on 26 August 2023.Powered by Capital Market - Live News