KFin Technologies Limited announced that this is further to the disclosures made by KFin Technologies Limited ("Company" /"IE") in its Prospectus dated December 22, 2022, regarding inter-alia its intention to expand to other countries within South-East Asia such as Singapore, Thailand and Indonesia. The Reserve Bank of India has vide its letter dated October 25, 2024, addressed to the Authorized Dealer Bank, granted its in-principle approval to the Company for the initial capital infusion (ODI remittance) of THB 10 million in its wholly-owned subsidiary to be incorporated in the Kingdom of Thailand ("FE"), subject to the following conditions as specified in the said letter: a. The FE shall not begin operations in the financial sector in Thailand, without obtaining regulatory approval from the financial services sector regulator in Thailand; b. The IE shall submit compliance to Para 2(iii) of Schedule I of OI Rules, 2022 once the regulatory approval is obtained by the FE in Thailand; c. Any future financial commitment in the UIN shall be under the approval route, till the time the IE furnishes compliance as mentioned at Para b. above.