GO DIGIT GENERAL INSURANCE LIMITED

IN THE NATURE OF ABRIDGED PROSPECTUS - MEMORANDUM CONTAINING SALIENT FEATURES OF THE RED HERRING PROSPECTUS

(Please scan this QR Code to view the RHP)

This is an abridged prospectus containing salient features of the red herring prospectus of Go Digit General Insurance Limited (the

“Company”) dated May 8, 2024 led with the Registrar of Companies, Maharashtra at Pune (the “RHP” or “Red Herring Prospectus”).

You are encouraged to read greater details available in the RHP, which is available at https://www.sebi.gov.in/sebiweb/home/HomeAction.

do?doListing=yes&sid=3&ssid=15&smid=11. Unless otherwise specied all capitalized terms used herein and not specically dened

shall bear the same meaning as ascribed to them in the RHP.

THIS ABRIDGED PROSPECTUS CONSISTS OF FOUR PAGES OF BID CUM APPLICATION FORM ALONG WITH INSTRUCTIONS AND EIGHT PAGES

OF ABRIDGED PROSPECTUS. PLEASE ENSURE THAT YOU HAVE RECEIVED ALL THE PAGES.

Please ensure that you have read the RHP (if in India), the preliminary international wrap dated May 8, 2024 together with the RHP (the “Preliminary Oering

Memorandum”) (if outside India), this abridged prospectus (“Abridged Prospectus”) and the general information document for investing in public issues

(“GID”) undertaken through the Book Building Process before applying in the Oer (as dened below). The investors are advised to retain a copy of the RHP/

Abridged Prospectus for their future reference. You may obtain a physical copy of the Bid cum Application Form and the RHP from the Stock Exchanges (dened

below), Syndicate Members (dened below), Registrar to the Oer, Registrar and Share Transfer Agents (“RTAs”), Collecting Depository Participants (“CDPs”),

Registered Brokers, Bankers to the Offer, Investors’Associations or Self Certified Syndicate Banks (“SCSBs”). You may also download the RHP from the

website of Securities and Exchange Board of India (“SEBI”) at www.sebi.gov.in, at the websites of National Stock Exchange of India Limited (“NSE”) and BSE

Limited (“BSE”, and together with NSE, the “Stock Exchanges”) at www.nseindia.com and www.bseindia.com, respectively, and the website of our Company at

https://www.godigit.com and Book Running Lead Managers at www.icicisecurities.com; www.morganstanley.com/india; www.axiscapital.co.in;

www.hdfcbank.com; www.iicap.com and www.nuvama.com.

GO DIGIT GENERAL INSURANCE LIMITED

Corporate Identity Number: U66010PN2016PLC167410; IRDAI Registration Number: 158; Date of Incorporation: December 7, 2016

REGISTERED OFFICE CORPORATE OFFICE CONTACT PERSON TELEPHONE AND EMAIL WEBSITE

1 to 6 Floor, Ananta One, Pride Hotel Lane,

Narveer Tanaji Wadi, City Survey No.1579,

Shivajinagar, Pune 411005,

Maharashtra, India

Atlantis, 95, 4

B Cross Road,

Koramangala Industrial Layout,

5th Block, Bengaluru 560095,

Karnataka, India

Tejas Saraf

Company Secretary

and

Compliance Ocer

Telephone: +91 20 67495400

Email: [email protected]

https://www.godigit.com

OUR PROMOTERS: KAMESH GOYAL, GO DIGIT INFOWORKS SERVICES PRIVATE LIMITED, OBEN VENTURES LLP AND FAL CORPORATION

DETAILS OF OFFER TO PUBLIC

Type of

Oer

Fresh Issue

size (by

number of

shares or

by amount

in ₹ million)

Oer for

Sale size (by

number of

shares or by

amount in ₹

million)

Total Oer

size

Eligibility and Reservation

among QIBs, NIIs, &

RIBs

Share Reservation among QIBs, NIBs, RIBs

QIBs NIBs RIBs

Fresh

Issue and

Oer for

Sale

Up to [●]

Equity

Shares of

face value

of ₹ 10 each

aggregating

up to ₹

11,250

million

Up to

54,766,392

Equity

Shares of

face value of

₹ 10 each

aggregating

up to ₹[●]

million

Up to [●]

Equity

of face

value of

₹ 10 each

aggregating

up to ₹ [●]

million

The Offer is being made

pursuant to Regulation 6(2) of

the SEBI ICDR Regulations,

as our Company does not

full the requirements under

Regulation 6(1) of the SEBI

ICDR Regulations of having

operating prot in each of

the preceding three years.

For details in relation to share

reservation among QIBs,

NIIs and RIBs, see “Oer

Structure” on page 609 of

the RHP.

Not less than 75% of the Oer

shall be available for allocation

to QIB Bidders.

However, up to 5% of the Net

QIB Portion shall be available

for allocation proportionately to

Mutual Funds only. Mutual Funds

participating in the 5% reservation

in the Net QIB Portion will

also be eligible for allocation in

the remaining QIB Portion. The

unsubscribed portion in the Mutual

Fund reservation will be added to

the Net QIB Portion.

Not more than 15% of the Oer or the

Oer less allocation to QIB and RIBs

Further, (a) 1/3

of the portion available

to NIIs shall be reserved for applicants

with application size of more than ₹

200,000 and up to ₹ 1,000,000, and (b)

2/3

of the portion available to NIIs

shall be reserved for applicants with

application size of more than ₹ 1,000,000.

Provided that the unsubscribed portion

in either of the sub-categories specied

in clauses (a) or (b), may be allocated

to applicants in the other sub-category

of NIIs.

Not more

than 10%

of the

Oer

or the

Oer less

allocation

to QIB

Bidders

and NIBs

The Equity Shares are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). For the purpose of the Oer, the Designated

Stock Exchange shall be NSE (the “Designated Stock Exchange”).

DETAILS OF OFFER FOR SALE BY THE SELLING SHAREHOLDERS AND THEIR RESPECTIVE WEIGHTED AVERAGE COST OF ACQUISITION

PER EQUITY SHARE OF FACE VALUE OF ₹ 10 EACH

NAME OF THE SELLING

SHAREHOLDER

TYPE NUMBER OF EQUITY SHARES OF FACE VALUE

OF ₹ 10 EACH OFFERED / AMOUNT

WEIGHTED AVERAGE COST OF

ACQUISITION PER EQUITY SHARE OF

FACE VALUE OF ₹ 10 EACH (IN ₹)*

Go Digit Infoworks Services Private Limited Promoter Selling

Shareholder

Up to 54,755,614 Equity Shares of face value of ₹ 10

each aggregating up to ₹ [●] million

13.57

Nikita Mihir Vakharia, jointly with Mihir

Atul Vakharia

Other Selling

Shareholder

Up to 4,000 Equity Shares of face value of ₹ 10 each

aggregating up to ₹ [●] million

172.00

Nikunj Hirendra Shah, jointly with Sohag

Hirendra Shah

Other Selling

Shareholder

Up to 3,778 Equity Shares of face value of ₹ 10 each

aggregating up to ₹ [●] million

250.57

Subramaniam Vasudevan, jointly with

Shanti Subramaniam

Other Selling

Shareholder

Up to 3,000 Equity Shares of face value of ₹ 10 each

aggregating up to ₹ [●] million

221.23

* As certied by Kirtane & Pandit LLP, Chartered Accountants and PKF Sridhar & Santhanam LLP, Chartered Accountants, the Joint Statutory Auditors, by way of their certicate dated May 8, 2024.

GO DIGIT GENERAL INSURANCE LIMITED

IN THE NATURE OF ABRIDGED PROSPECTUS - MEMORANDUM CONTAINING SALIENT FEATURES OF THE RED HERRING PROSPECTUS

PRICE BAND, MINIMUM BID LOT & INDICATIVE TIMELINES

Price Band

For details of the Price Band and the basis for the Oer Price, please refer to the price band

advertisement and the section titled “Basis for Oer Price” on page 199 of the RHP.

₹ 258 per Equity Share to ₹ 272 per Equity Share of face value of ₹ 10 each

Minimum Bid Lot Size A minimum of 55 Equity Shares and in multiples of 55 Equity Shares thereafter

Bid/Oer Opens On

Wednesday, May 15, 2024

Bid/Oer Closes On Friday, May 17, 2024

Finalisation of Basis of Allotment with the Designated Stock Exchange On or about Tuesday, May 21, 2024

Initiation of refunds (if any, for Anchor Investors)/unblocking of funds from ASBA Account*** On or about Wednesday, May 22, 2024

Credit of Equity Shares to demat accounts of Allottees On or about Wednesday, May 22, 2024

Commencement of trading of the Equity Shares on the Stock Exchanges On or about Thursday, May 23, 2024

*Our Company through its Board of Directors, may, in consultation with the BRLMs, consider participation by Anchor Investors in accordance with the SEBI ICDR Regulations. The Anchor Investor Bid/Oer Period shall be one Working

Day prior to the Bid/Oer Opening Date.

UPI mandate end time and date shall be at 5.00 PM on Bid/Oer Closing Date, i.e., on Friday, May 17, 2024. *** In case of any delay in unblocking of amounts in the ASBA Accounts

(including amounts blocked through the UPI Mechanism) exceeding two Working Days from the Bid/Oer Closing Date for cancelled / withdrawn / deleted ASBA Forms, the Bidder shall be compensated at a uniform rate of ₹ 100 per day

or 15% per annum of the Bid Amount, whichever is higher from the date on which the request for cancellation/ withdrawal/ deletion is placed in the Stock Exchanges bidding platform until the date on which the amounts are unblocked

(ii) any blocking of multiple amounts for the same ASBA Form (for amounts blocked through the UPI Mechanism), the Bidder shall be compensated at a uniform rate ₹ 100 per day or 15% per annum of the total cumulative blocked

amount except the original application amount, whichever is higher from the date on which such multiple amounts were blocked till the date of actual unblock; (iii) any blocking of amounts more than the Bid Amount, the Bidder shall be

compensated at a uniform rate of ₹ 100 per day or 15% per annum of the dierence in amount, whichever is higher from the date on which such excess amounts were blocked till the date of actual unblock; (iv) any delay in unblocking of

non-allotted/partially allotted Bids, exceeding two Working Days from the Bid/Oer Closing Date, the Bidder shall be compensated at a uniform rate of ₹ 100 per day or 15% per annum of the Bid Amount, whichever is higher for the entire

duration of delay exceeding two Working Days from the Bid/Oer Closing Date by the SCSB responsible for causing such delay in unblocking. The BRLMs shall, in their sole discretion, identify and x the liability on such intermediary or

entity responsible for such delay in unblocking. The Bidder shall be compensated in the manner specied in the SEBI Master Circular and the SEBI circular no. SEBI/HO/CFD/DIL2/CIR/P/2021/2480/1/M dated March 16, 2021, as amended

pursuant to SEBI circular no. SEBI/HO/CFD/DIL2/P/CIR/2021/570 dated June 2, 2021 and SEBI circular no. SEBI/HO/CFD/DIL2/CIR/P/2022/51 dated April 20, 2022, SEBI circular no. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/76

dated May 30, 2022 and SEBI circular no. SEBI/HO/CFD/TPD1/CIR/P/2023/140 dated August 9, 2023 (to the extent these have not been rescinded by the SEBI RTA Master Circular, and SEBI Master Circular), which for the avoidance of

doubt, shall be deemed to be incorporated in the agreements to be entered into between our Company with the relevant intermediaries, to the extent applicable. For details of the Price Band and Basis for Oer Price, please refer to the

price band advertisement and the section titled “Basis for Oer Price” on page 199 of the RHP.

Investors intending to acquire Equity Shares in the Oer amounting to more than 1%, but less than 5% of our paid up equity share capital, should note that a self-certication is required to be led with our company immediately upon

execution of the acquisition.

Further, investors intending to acquire Equity Shares in the Oer such that (i) the aggregate holding of such investor, would increase to 5% or more of our paid up equity share capital or the total voting rights, or (ii) the aggregate holding

of the investor, increasing to in excess of 10% of our paid-up equity share capital of the insurer, should note that each such acquisition would require prior approval of the IRDAI.

The processing fees for applications made by the UPI Bidders may be released to the remitter banks (SCSBs) only after such banks provide a written conrmation on compliance with SEBI circular no. SEBI/HO/CFD/DIL2/P/CIR/2021/570

dated June 2, 2021 read with SEBI circular no. SEBI/HO/CFD/DIL2/CIR/P/2021/2480/1/M dated March 16, 2021 and SEBI circular no. SEBI/HO/CFD/DIL2/CIR/P/2022/51 dated April 20, 2022 (to the extent these have not been rescinded

by the SEBI RTA Master Circular), and the SEBI Master Circular. The above timetable other than the Bid/Oer Closing Date, is indicative and does not constitute any obligation or liability on our Company, the Selling Shareholder or the

BRLMs or the members of the Syndicate.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“U.S. Securities Act”), and may not be oered or sold within

the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state

securities laws. Accordingly, the Equity Shares are only being oered and sold (i) within the United States only to persons reasonably believed to be “qualied institutional

buyers” (as dened in Rule 144A under the U.S. Securities Act) in transactions exempt from or not subject to the registration requirements of the U.S. Securities Act, and

(ii) outside the United States in oshore transactions in compliance with Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those

oers and sales occur. There will be no public oering of the Equity Shares in the United States.

WEIGHTED AVERAGE COST OF ACQUISITION OF EQUITY SHARES TRANSACTED IN THE LAST ONE YEAR, EIGHTEEN MONTHS AND

THREE YEARS PRECEDING THE DATE OF THIS RED HERRING PROSPECTUS:

Period Weighted average cost

of acquisition per Equity

Share (in ₹)

Cap Price is ‘x’ times the

weighted average cost of

acquisition*^

Range of acquisition price per

Equity Share: lowest price –

highest price (in ₹)*

Last one year preceding the date of the Red Herring Prospectus 386.69 [●] 385.00 to 387.00

Last 18 months preceding the date of the Red Herring Prospectus 385.36 [●] 385.00 to 387.00

Last three years year preceding the date of the Red Herring Prospectus 320.25 [●] 172.00 to 387.00

(1) Based on the information with respect to secondary transfers and consideration details available with the Company.

*As certied by Kirtane & Pandit LLP, Chartered Accountants and PKF Sridhar & Santhanam LLP, Chartered Accountants, the Joint Statutory Auditors, by way of their certicate dated May 8, 2024.

^To be updated in the Prospectus following nalisation of Cap Price, as per the nalised Price Band.

RISKS IN RELATION TO THE FIRST OFFER

This being the rst public issue of Equity Shares of our Company, there has been no formal market for the Equity Shares. The face value of the Equity Shares is ₹ 10

each. The Floor Price, Cap Price and Oer Price (determined by our Company through its Board of Directors, in consultation with the BRLMs and on the basis of the

assessment of market demand for the Equity Shares of face value of ₹ 10 each by way of the Book Building Process, as stated under “Basis for Oer Price” on page

199 of the RHP), should not be taken to be indicative of the market price of the Equity Shares of face value of ₹ 10 each after the Equity Shares of face value of ₹ 10

each are listed. No assurance can be given regarding an active or sustained trading in the Equity Shares of face value of ₹ 10 each of our Company, or regarding the

price at which the Equity Shares of face value of ₹ 10 each will be traded after listing.

GENERAL RISKS

Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in the Oer unless they can aord to take the risk of

losing their entire investment. Investors are advised to read the risk factors carefully before taking an investment decision in the Oer. For taking an investment decision,

investors must rely on their own examination of our Company and the Oer, including the risks involved. The Equity Shares of face value of ₹ 10 each in the Oer

have not been recommended or approved by SEBI, nor does SEBI guarantee the accuracy or adequacy of the contents of this Red Herring Prospectus. Specic attention

of the investors is invited to “Risk Factors” on page 41 of the RHP and on page 9 of this Abridged Prospectus.

PROCEDURE

You may obtain a physical copy of the Bid cum Application Form and the RHP from the Stock Exchanges, Syndicate Members, Registrar to the Oer, Registrar and

share transfer agents (“RTAs”), collecting depository participants (“CDPs”), registered stock brokers, underwriters, bankers to the oer, investors’ associations or self

certied syndicate banks (“SCSBs”).

If you wish to know about processes and procedures applicable to the Oer, you may request for a copy of the RHP and/or the GID from the BRLMs or download it

from the website of SEBI at www.sebi.gov.in, the websites of NSE and BSE at www.nseindia.com and www.bseindia.com, respectively, and the websites of the BRLMs at

www.icicisecurities.com; www.morganstanley.com/india; www.axiscapital.co.in; www.hdfcbank.com; www.iicap.com and www.nuvama.com

GO DIGIT GENERAL INSURANCE LIMITED

IN THE NATURE OF ABRIDGED PROSPECTUS - MEMORANDUM CONTAINING SALIENT FEATURES OF THE RED HERRING PROSPECTUS

PRICE INFORMATION OF BRLM

Sr.

No.

Issue name

+/- % change in closing price, [+/- % change in closing benchmark]

Name of the BRLM 30

calendar days from listing 90

calendar days from listing 180

calendar days from listing

1 Rashi Peripherals Limited^ I-Sec -0.77% [+1.77%] NA* NA*

2 Jana Small Finance Bank Limited^ I-Sec, Axis Cap -5.23% [+1.77%] NA* NA*

3 Entero Healthcare Solutions Limited^ I-Sec -19.65% [+0.30%] NA* NA*

4 Juniper Hotels Limited^^ I-Sec +43.76% [+1.71%] NA* NA*

5 Popular Vehicles and Services Limited^^ I-Sec, Nuvama -15.59% [+1.51%] NA* NA*

6 Bharti Hexacom Limited^ I-Sec, IIFL, Axis Cap NA* NA* NA*

7 JNK India Limited^^ I-Sec, IIFL NA* NA* NA*

8 Delhivery Limited^^ Morgan Stanley +3.50% [-4.90%] +17.00% [+9.50%] -28.00% [+12.90%]

9 Apeejay Surrendra Park Hotels Limited

@^^

Axis Cap +17.39% [+3.33%] NA* NA*

10 EPACK Durable Limited

Axis Cap -19.96% [+1.64%] NA* NA*

11 Medi Assist Healthcare Services Limited

Axis Cap, IIFL, Nuvama +22.32% [+3.20%] +15.66% [+3.86%] NA*

12 Azad Engineering Limited

Axis Cap +29.06% [-2.36%] +153.72% [+0.08%] NA*

13 Gopal Snacks Limited

^ Axis Cap -18.13% [+1.57%] NA* NA*

14 IRM Energy Limited

^^ HDFC -7.20% [4.49%] -0.25% [12.63%] 19.69% [18.45%]

15 Sai Silks (Kalamandir) Limited^ HDFC, Nuvama 8.09% [-4.49%] 25.09% [7.54%] -12.30% [10.15%]

16 Aether Industries Limited^ HDFC +21.00% [-5.13%] +34.54% [+6.76%] +40.15% [+12.40%]

17 Protean eGov Technologies Limited^ IIFL +45.21% [+7.11%] +73.18% [+10.26%] NA*

18 ASK Automotive Limited^^ IIFL, Axis Cap +2.73% [+7.66%] +6.29% [+9.86%] NA*

19 DOMS Industries Limited^ IIFL +80.59% [+0.97%] +82.13% [+3.18%] NA*

20 R K Swamy Limited^ IIFL -1.30% [+1.86%] NA* NA*

21 Flair Writing Industries Limited^^ Nuvama, Axis Cap 14.69% [7.22%] -8.63% [8.31%] NA*

22 Capital Small Finance Bank Limited^ Nuvama -25.25% [1.77%] NA* NA*

23 Gandhar Oil Renery (India) Limited^^ Nuvama 61.51% [7.94%] 41.57% [10.26%] NA*

24 ESAF Small Finance Bank Limited**^ Nuvama 12.87% [7.58%] 31.18% [11.17%] 0.77% [13.26%]

* Data not available ^ BSE as a designated stock exchange ^^ NSE as a designated stock exchange @ Oer Price was ₹ 148.00 per equity share to Eligible Employees @* Oer Price was ₹ 277.00 per equity share to Eligible

Employees ** A discount of ₹ 5 per equity share was oered to eligible employees bidding in the employee reservation portion ! Oer Price was ₹ 363.00 per equity share to Eligible Employees # Issue price to eligible employees was

₹457 after a discount of ₹48 per equity share

For further details, please refer to “Other Regulatory and Statutory Disclosures — Price information of past issues handled by the BRLM on page 587 of the RHP.

Book Running Lead Managers

ICICI Securities Limited

Tel: +91 22 6807 7100;

E-mail: [email protected];

Investor grievance ID: [email protected]

Morgan Stanley India Company Private Limited

Tel: +91 22 6118 1000;

E-mail: digitipo@morganstanley.com;

Investor grievance ID: investors_india@morganstanley.com

Axis Capital Limited

Tel: + 91 22 4325 2183;

E-mail: [email protected];

Investor grievance ID: [email protected]

HDFC Bank Limited

Tel: +91 22 3395 8233;

E-mail: [email protected];

Investor grievance ID: investor[email protected]

IIFL Securities Limited

Tel: +91 22 4646 4728;

E-mail: godigit.ipo@iicap.com;

Investor grievance ID: ig.ib@iicap.com

Nuvama Wealth Management Limited

(formerly known as Edelweiss Securities Limited)

Tel: +91 22 4009 4400;

E-mail: [email protected];

Investor grievance ID: [email protected]

Name of Syndicate Members

HDFC Securities Limited and Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited)

Name of Registrar to the Oer Link Intime India Private Limited

Tel: +91 810 811 4949; E-mail: [email protected]; Investor grievance e-mail: [email protected]

Name of Joint Statutory Auditor

Kirtane & Pandit LLP, Chartered Accountants and PKF Sridhar & Santhanam LLP, Chartered Accountants

Name of Credit Rating Agency and the

rating or grading obtained, if any

Not Applicable

Name of Debenture Trustee

Not Applicable

Self Certiﬁed Syndicate Bank(s) or

“SCSB(s)”

The banks registered with the SEBI, which oer the facility of ASBA services, (i) in relation to ASBA, where the Bid Amount will be

blocked by authorizing an SCSB, a list of which is available on the website of SEBI at www.sebi.gov.in/sebiweb/other/OtherAction.

do?doRecognisedFpi=yes&intmId=34 and updated from time to time and at such other websites as may be prescribed by SEBI

from time to time, (ii) in relation to UPI Bidders using the UPI Mechanism, a list of which is available on the website of SEBI at

sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=40 or such other website as updated from time to time.

Eligible SCSBs and mobile applications

enabled for UPI Mechanism

Applications through the UPI Mechanism in the Oer can be made only through the SCSBs mobile applications (apps) whose

name appears on the SEBI website. A list of SCSBs and mobile application, which are live for applying in public issues using UPI

Mechanism is provided as Annexure ‘A’ to the SEBI circular no. SEBI/HO/CFD/DIL2/CIR/P/2019/85 dated July 26, 2019. The list

is available on the website of SEBI at www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=43 and updated

from time to time and at such other websites as may be prescribed by SEBI from time to time.

Syndicate SCSB Branches

In relation to Bids (other than Bids by Anchor Investors) submitted under the ASBA process to a member of the Syndicate, the list

of branches of the SCSBs at the Specied Locations named by the respective SCSBs to receive deposits of Bid cum Application

Forms from the Members of the Syndicate is available on the website of the SEBI (www.sebi.gov.in/sebiweb/other/OtherAction.

do?doRecognised=yes&intmId=35) and updated from time to time or any such other website as may be prescribed by SEBI from time

to time. For more information on such branches collecting Bid cum Application Forms from the Syndicate at Specied Locations, see

the website of the SEBI at www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognised=yes&intmId=35, as updated from time to time.

Non-Syndicate Registered Brokers

You can submit Bid cum Application Forms in the oer to Non-Syndicate Registered Brokers at the Non-Syndicate Broker Centres.

The list of the Registered Brokers eligible to accept ASBA Forms, including details such as postal address, telephone number and

e-mail address, is provided on the websites of the BSE and the NSE at www.bseindia.com/Markets/PublicIssues/brokercentres_new.

aspx? and https://www1.nseindia.com/ products/content/equities/ipos/ipo_mem_terminal.htm, respectively, as updated from time to time.

For further details, see section titled “Oer Procedure” beginning at page 612 of the Red Herring Prospectus.

GO DIGIT GENERAL INSURANCE LIMITED

IN THE NATURE OF ABRIDGED PROSPECTUS - MEMORANDUM CONTAINING SALIENT FEATURES OF THE RED HERRING PROSPECTUS

Details regarding website address(es)/

link(s) from which the investor can

obtain a list of RTAs, CDPs and stock

brokers who can accept applications from

investors, as applicable

The list of the RTAs eligible to accept ASBA Forms at the Designated RTA Locations, including details such as address, telephone

number and e-mail address, is provided on the websites of Stock Exchanges at www.bseindia.com/Static/Markets/PublicIssues/RtaDp.

aspx? and www.nseindia.com/products/content/equities/ipos/asba_procedures.htm, respectively, as updated from time to time. The list

of the CDPs eligible to accept ASBA Forms at the Designated CDP Locations, including details such as name and contact details,

is provided on the websites of BSE at www.bseindia.com/Static/Markets/PublicIssues/RtaDp.aspx? and on the website of NSE at

www.nseindia.com/products/content/equities/ipos/asba_procedures.htm, as updated from time to time. For further details, see section

titled “Oer Procedure” beginning at page 612 of the Red Herring Prospectus.

PROMOTERS OF OUR COMPANY

Sr.

No.

Name Individual/

Corporate

Experience and Educational Qualiﬁcation /Corporate information

1. Kamesh Goyal Individual

Promoter

Kamesh Goyal, aged 57 years is the Non-Executive Chairman of our Company and a nominee of GDISPL and has been a Director of our

Company since its incorporation. He holds a bachelor’s degree in science from the University of Delhi. He holds a bachelor’s degree in law

and master’s degree in business administration from the University of Delhi. He has several years of experience in the insurance industry

and has served as the chief executive ocer of Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance Company Limited. He is

also an associate of the Insurance Institute of India.

2. Go Digit

Infoworks

Services Private

Limited

Corporate

Promoter

Go Digit Infoworks Services Private Limited is a private limited company, incorporated on December 21, 2016, under the Companies Act,

2013. Its registered oce is situated at 1 to 6 Floor, Ananta One, Pride Hotel Lane, Narveer Tanaji Wadi, City Survey No.1579, Shivajinagar,

Pune 411005, Maharashtra, India. The PAN of Go Digit Infoworks Services Private Limited is AACCO4197P. It is, inter alia, engaged in

the business of development and consultancy services in all areas of information technology, and support services including information

technology support, facility management services, etc.

3. Oben Ventures

LLP

Corporate

Promoter

Oben Ventures LLP is a limited liability partnership, which was originally incorporated as a private limited company, Oben Ventures Private

Limited, on December 20, 2016, under the Companies Act, 2013. It was converted into a limited liability partnership on November 9,

2021 under the Limited Liability Partnership Act, 2008, with its registered oce situated at FL 3 BL E Konark Campus SN 230/A1/1 to

6, Viman Nagar, Lohegaon Pune 411014, Maharashtra, India. Its LLP identication number is AAZ-3869. Oben Ventures LLP is engaged

in the business of consultancy services.

4. FAL Corporate

Promoter

FAL was incorporated on December 23, 2003 as a private limited company in Mauritius. Its registration number is 48869C1/GBL. The

principal business activity of FAL is investment holding.

For further information please see the section entitled “Our Promoters and Promoter Group” beginning on page 356 of the RHP.

BUSINESS OVERVIEW AND STRATEGY

Company Overview: We are one of the leading digital full stack insurance companies, leveraging our technology to power what we believe to be an innovative approach to product

design, distribution, and customer experience for non-life insurance products. Digital full stack insurance companies are licensed insurance operators or companies that have end-to-end

digital capabilities and a digital rst approach across customers’ insurance value chain. According to the report titled “Indian Digital Insurance Market” dated April 29, 2024, issued

by RedSeer which has been exclusively commissioned and paid for by our Company in connection with the Oer (the “RedSeer Report”), in the nine months ended December 31,

2023 and Financial Year 2023, our Company catered for approximately 82.5% (equating to ₹66.80 billion) and 82.1% (equating to ₹72.43 billion), respectively, of the Gross Written

Premium (“GWP”) written by these digital full stack insurance players which, in addition to our company, includes Acko and Navi, making us the largest digital full stack insurance

player in India. According to the RedSeer Report, we were the fastest growing insurer among private non-life insurers by GWP from Financial Year 2022 to Financial Year 2023,

growing by approximately 37.5% over the period while the private non-life insurers (excluding standalone health insurers) overall grew by approximately 20.1% during the same period.

Product/ Service Oering: We oer motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance and other insurance products,

which the customer can customize to meet his or her needs. We launched 74 active products across all business lines. In the nine months ended December 31, 2023, our motor,

liability, property and engineering, health (excluding travel and personal accident), other (including mobile), personal accident and travel insurance products contributed to 61.1%,

1.7%, 11.4%, 14.9%, 7.0%, 3.6% and 0.3% of our GWP, respectively.

Geographies Served: As of December 31, 2023, we maintain a broad distribution footprint across 24 of the 36 states and union territories in India.

Key Performance Indicators:

Particulars Units

As at the end and/or for the

Nine months ended

December 31, 2023

Nine months ended

December 31, 2022

Financial

Year 2023

Financial

Year 2022

Financial

Year 2021

# of Customers

(1)

millions 43.26 35.33 38.77 25.77 14.27

# of Policies Issued millions 8.46 7.71 10.63 7.76 5.56

GWP ₹ millions 66,796.78 52,883.94 72,429.85 52,676.33 32,433.88

Retention Ratio % 84.3 79.1 81.6 79.4 81.2

Total investment income ₹ millions 7,765.47 5,165.09 7,217.81 4,367.36 3,083.00

AUM ₹ millions 149,090.11 118,262.46 126,683.59 93,938.75 55,901.11

GDPI ₹ millions 59,705.31 45,345.07 61,600.79 46,739.41 24,176.20

Net Earned Premium ₹ millions 51,146.09 37,673.19 51,636.73 34,042.26 19,436.88

Net Written Premium ₹ millions 56,314.71 41,839.93 59,093.38 41,800.98 26,323.05

Available Solvency Margin ₹ millions 26,281.01 22,692.83 23,103.36 18,676.23 11,500.41

Required Solvency Margin ₹ millions 16,446.34 11,974.59 12,978.67 9,282.63 5,728.88

Yield on total investments

(2)

% 7.4 6.2 6.3 6.2 6.9

Loss ratio % 69.6 70.2 67.2 74.0 74.0

Expense Ratio % 14.4 36.6 37.8 34.8 32.8

Net Expense Ratio % 39.1 38.9 40.2 38.7 35.4

Combined ratio % 108.7 109.1 107.4 112.7 109.4

Solvency ratio times 1.60 1.90 1.78 2.01 2.01

Commission Ratio % 24.7 2.3 2.4 3.8 2.6

IBNR (Gross) ₹ millions 55,056.59 44,150.23 45,825.30 32,297.83 18,966.08

IBNR (Net) ₹ millions 50,412.19 39,547.78 41,136.02 29,310.30 17,121.33

(1)

Customers referred above is cumulative count of people since inception who were covered by at least one policy we underwrote during the respective period.

(2)

For the nine months ended December 31, 2023 and the nine months ended December 31, 2022, the yield on total investments is annualized by multiplying by 12 and dividing by 9.

GO DIGIT GENERAL INSURANCE LIMITED

IN THE NATURE OF ABRIDGED PROSPECTUS - MEMORANDUM CONTAINING SALIENT FEATURES OF THE RED HERRING PROSPECTUS

Investors should refer for “Key Performance Metrics” and “Basis for the Oer Price - Key Performance Indicators (“KPIs”)” beginning on page 31 and 201,

respectively, of the RHP.

Industries Served: The current insurance lines in which we write and assume business include motor insurance, health insurance, property and engineering insurance,

travel insurance, personal accident insurance, liability insurance and other insurance.

Intellectual Property: Our Company does not own any registered trademarks in its own name. Pursuant to a deed of assignment dated May 21, 2018 and addendum

to deed of assignment dated May 22, 2018, our Company has assigned all rights, title and interest in 8 trademarks, including ‘GODIGIT’, ‘DIGIT’ (device mark)

and all goodwill associated therewith to Go Digit Infoworks Services Private Limited, one of our Promoters. Subsequently, pursuant to the brand licensing agreement

dated May 22, 2018 (“Brand Licensing Agreement”), and addendum (“Addendum”) dated March 3, 2020, to Brand Licensing Agreement, our Company has

been granted a royalty-free, non-exclusive, non-transferable license to use 20 trademarks in Go Digit Infoworks Services Private Limited’s corporate name, trade

name and trading style and logos for and in connection with the business of our Company. We use these Identied Trademarks licensed to us by way of the Brand

Licensing Agreement and the Addendum. For details, see “Our Business – Intellectual Property”, “History and Certain Corporate Matters – Other Agreements” and

“Government and other Approvals – Intellectual Property” on pages 290, 329 and 570, respectively, of the RHP.

Market Share: Our market share among the overall general insurers is estimated to be 3.0% in the nine months ended December 31, 2023, as compared to 2.7%

in the nine months ended December 31, 2022, in terms of total GWP from private and public general insurers, according to the RedSeer Report. Further, as of the

nine months ended December 31, 2023 and Financial Year 2023, we have achieved a market share of approximately 6.0% and 5.4%, respectively, in the motor

insurance segment which was one of the largest non-life insurance segment in India as of Financial Year 2023, according to the RedSeer Report.

Employee Strength: As of December 31, 2023 and March 31, 2023, we had 3,957 and 3,333 employees (excluding undergraduate trainees and contract sta),

respectively, all of whom were based in India. For further details, please see “Our Business - Employees” on page 283 of the RHP.

BOARD OF DIRECTORS

Sr. No. Name Designation Experience and Educational Qualiﬁcation Other Directorships

1. Kamesh Goyal Non-Executive

Chairman (Nominee

of GDISPL)

Kamesh Goyal has been a Director of our Company since its

incorporation. He holds a bachelor’s degree in science from the

University of Delhi. He holds a bachelor’s degree in law and

master’s degree in business administration from the University

of Delhi. He has several years of experience in the insurance

industry and has served as the chief executive ocer of Bajaj

Allianz General Insurance and Bajaj Allianz Life Insurance

Company Limited. He is also an associate of the Insurance

Institute of India.

Indian Companies:

Public Companies: 1. Valueattics Reinsurance Limited

; and

2. Go Digit Life Insurance Limited.

Private Company: 1. Go Digit Infoworks Services Private

Limited

Foreign Companies: Nil

2. Jasleen Kohli Managing Director

and Chief Executive

Ocer

She has attended the K J Somaiya Institute of Management

Studies and Research for post graduate programme in management

studies. She has several years of experience in the insurance

industry and has served as the head - operations of Bajaj Allianz

General Insurance.

Indian Companies: Nil

Foreign Companies: Nil

3. Chandran

Ratnaswami

Non-Executive

Director (Nominee

of FAL)

He holds a bachelor’s degree in technology (civil engineering)

from the Indian Institute of Technology, Madras and a masters’

degree in business administration from the University of Toronto,

Canada. He is the chief executive ocer and director of Fairfax

India Holdings Corporation, a company listed on the Toronto

Stock Exchange, and a senior managing director of Hamblin

Watsa Investment Counsel Ltd., a wholly owned investment

management company of Fairfax Financial Holdings Limited. He

also serves on the boards of Fairbridge Capital Private Limited,

Chemplast Sanmar Limited, IIFL Finance Limited, Bangalore

International Airport Limited, National Commodities Management

Services Limited, Thomas Cook (India) Limited, Quess Corp

Limited, Thai Reinsurance Public Company Limited, Zoomer

Media Limited and Fairrst Insurance Limited. He has several

years of experience in investment sector.

Indian Companies:

Public Companies:

1. Bangalore International Airport Limited; 2. Chemplast

Sanmar Limited; 3. IIFL Finance Limited (Formerly known as

IIFL Holdings Limited); 4. National Commodities Management

Services Limited; 5. Quess Corp Limited; 6. Sanmar Engineering

Services Limited; and 7. Thomas Cook (India) Limited.

Private Companies: 1. Fairbridge Capital Private Limited; and

2. Go Digit Infoworks Services Private Limited.

Foreign Companies: 1. 11470370 Canada Inc.; 2. Fairbridge

Capital (Mauritius) Limited; 3. Fairbridge Investments (Mauritius)

Limited; 4. Fairrst Insurance Limited; 5. Fairfax Consulting

Services India Limited; 6. Fairfax India Holdings Corporation;

7. FAL; 8. FIH Mauritius Investments Ltd; 9. FIH Private

Investments Ltd; 10. H Investments Limited; 11. HW Private

Investments Limited; 12. HWIC Asia Fund; 13. I Investments

Limited; 14. Primary Real Estate Investments; 15. Zoomer

Media Limited; 16. Thai Reinsurance Public Company Limited;

17. ORE Holdings Limited; 18. 10955230 Canada Inc; and 19.

Chanvima Ltd.

4. Rajendra Beri Independent Director He holds a bachelor’s degree in arts (history honours) from

the University of Delhi and a master’s degree in business

administration from the Birla Institute of Technology & Science,

Pilani. He has several years of experience in general insurance

sector and presently he is a director in TransAfrica Assurance

Co. Ltd. He has served as an insurance ombudsman for Delhi

and Rajasthan. He was the chairman-cum-managing director of

the New India Assurance Company Limited.

Indian Companies:

Nil

Foreign Companies:

1. TransAfrica Assurance Company Limited.

5. Vandana Gupta Independent Director She has a bachelor’s degree in medical sciences and surgery

from Kanpur University and doctor of medicine degree from

Bundelkhand University. She has several years of experience in

the medical eld and has worked as a senior pathologist in a

private hospital since 2003.

Indian Companies:

Nil

Foreign Companies:

Nil

GO DIGIT GENERAL INSURANCE LIMITED

IN THE NATURE OF ABRIDGED PROSPECTUS - MEMORANDUM CONTAINING SALIENT FEATURES OF THE RED HERRING PROSPECTUS

Sr. No. Name Designation Experience and Educational Qualiﬁcation Other Directorships

6. Christof Mascher Independent Director He holds a master’s degree in Philosophy from the University

of Vienna and doctorate degree in law from the University of

Innsbruck. He was appointed as the chief operating ocer of

Allianz SE and the chairman of supervisory board of Syncier

GmbH.

Indian Companies:

Nil

Foreign Companies:

Nil

VRL has made applications to the IRDAI dated December 14, 2017 and November 26, 2021, under Regulations 3 and 5 of the erstwhile IRDA Registration Regulations 2000, for issuance of requisition for registration

application form IRDAI/R1, in order to carry out reinsurance business in India, and has provided additional documents requested by the IRDAI in connection therewith, from time to time. Subsequently, post acceptance of its

requisition by IRDAI on June 14, 2022, VRL has made an application to the IRDAI dated August 3, 2022, under Regulation 10 of the erstwhile IRDA Registration Regulations 2000, in form IRDAI/R2 for grant of a certicate

of registration. On January 17, 2023, VRL had requested the IRDAI to grant additional time to comply with the formalities pertaining to the registration application and proposed that the same shall be taken up subsequent to

the successful completion of the Oer and receipt of the approval of the IRDAI on the registration application of GDLIL. Pursuant to the letter received from the IRDAI dated April 25, 2023, VRL had submitted its response

on June 13, 2023 and August 4, 2023. Due to change in the IRDA Registration Regulations 2000, the IRDAI vide its email dated August 17, 2023 further advised VRL to submit complete information and documents as per

the IRDAI Registration Regulations, 2022 read Master Circular on Registration of Indian Insurance Company, 2023 dated April 24, 2023. Accordingly, VRL has submitted its response on January 17, 2024 and is awaiting

further update from the IRDAI on the same.

For further details in relation to our Board of Directors, see section titled “Our Management” on page 331 of the RHP.

OBJECTS OF THE OFFER

The Oer comprises the Fresh Issue and the Oer for Sale.

The Oer for Sale: The proceeds from the Oer for Sale will be received by the Selling Shareholders. Our Company will not receive any proceeds from the Oer for

Sale and the proceeds received from the Oer for Sale will not form part of the Net Proceeds. The Selling Shareholders will be entitled to the proceeds from the Oer

for Sale, net of its portion of the Oer related expenses and relevant taxes thereon. For further details of the Oer for Sale, see “The Oer” on page 121 of the RHP.

The Fresh Issue: Our Company proposes to utilise the Net Proceeds, as per the applicable IRDAI regulations, towards maintenance of our solvency ratio by investing in

instruments and in the manner prescribed under the IRDAI Actuarial & Allied Regulations, 2024 (the “Objects”).

Net Proceeds:

The details of the proceeds from the Fresh Issue are summarised in the following table:

Particulars Estimated amount (₹ in million)

Gross Proceeds of the Fresh Issue

(1)

11,250

(Less) Oer related expenses in relation to the Fresh Issue

(1)

* [●]

Net Proceeds*

[●]

(1)

For details see, “Oer expenses” on page 196 of the RHP.

*To be determined upon nalisation of the Oer Price and updated in the Prospectus prior to ling with the RoC.

For further details in relation to the Objects of the Oer, see section titled “Objects of the oer” on page 193 of the RHP.

Proposed schedule of implementation and deployment of Net Proceeds:

The Net Proceeds are proposed to be deployed in Financial Year ended March 31, 2025 towards maintenance of our solvency ratio.

Our proposed deployment of the Net Proceeds has not been appraised and it is based on management estimates, current circumstances of our business and prevailing market

conditions, which may be subject to change. Our management will therefore have broad discretion to use the Net Proceeds. The deployment of funds described herein has

not been appraised by any bank or nancial institution or any other independent agency. As stipulated in the proviso to Regulation 41(1) of the SEBI ICDR Regulations, we

are not required to appoint a monitoring agency for the use of the Net Proceeds and we do not intend to do so. There may be variations in the actual utilization of funds

earmarked for the purposes set forth above on account of various factors, such as nancial and market conditions, competition, business and strategy, as well as interest/

exchange rate uctuations owing to import of equipment and other external factors, which may not be within the control of our management. This may entail rescheduling

the proposed utilisation of the Net Proceeds and changing the allocation of funds from its planned allocation at the discretion of our management, subject to compliance

with applicable law. Our historical expenditure may not be reective of our future expenditure plans. If the Net Proceeds are not utilized (in full or in part) for the Objects

of the Oer during the period stated above due to factors such as (i) economic and business conditions; (ii) the timing of completion of the Oer; (iii) market conditions

outside the control of our Company; and (iv) any other business and commercial considerations, the remaining Net Proceeds will be utilized (in full or in part) in subsequent

periods as may be determined by our Company, in accordance with applicable laws. For further details, see “Risk Factors – Internal Risks – 15. Our funding requirements

and the proposed deployment of Net Proceeds have not been appraised. While our Company intends to utilize the Net Proceeds towards the objects of the Oer, we may

use them in ways with which you do not agree and in ways that may not enhance our operating results or the price of our Equity Shares” on page 74 of the RHP.

Means of Finance: The fund requirements for the Objects are proposed to be entirely funded from the Net Proceeds. Accordingly, we conrm that there is no requirement

for us to make rm arrangements of nance through veriable means towards 75% of the stated means of nance, excluding the amount to be raised from the Fresh Issue

and existing identiable accruals as required under the SEBI ICDR Regulations.

In case of a shortfall in raising the requisite capital from the Net Proceeds or an increase in the total estimated cost of the Objects, business considerations may require

us to explore a range of options including utilising our internal accruals and seeking additional debt from future lenders. We believe that such alternate arrangements

would be available to fund any such shortfalls. Further, in case of variations in the actual utilisation of funds earmarked for the purpose set forth above, increased funding

requirements for a particular purpose may be nanced by surplus funds, if any, available in respect of other purposes for which funds are being raised in the Fresh Issue.

Details and reasons for non-deployment or delay in deployment of proceeds or changes in utilisation of issue proceeds of past public oers / rights issues, if any,

of our Company in the preceding 10 years: Not Applicable.

Terms of issuance of convertible security, if any: Not Applicable.

Name of Monitoring Agency: Not Applicable.

Shareholding Pattern as on the date of the RHP:

Category of shareholder Number of fully paid up Equity Shares held Shareholding as a % of total number of

shares (calculated as per SCRR, 1957)

Promoters & Promoter Group

729,658,886 83.31

Public

146,183,160 16.69

Total 875,842,046 100.00

Number/amount of equity shares proposed to be sold by selling shareholders: Up to 54,766,392 Equity Shares aggregating up to ₹ [●] million.

GO DIGIT GENERAL INSURANCE LIMITED

IN THE NATURE OF ABRIDGED PROSPECTUS - MEMORANDUM CONTAINING SALIENT FEATURES OF THE RED HERRING PROSPECTUS

Please refer below for details:

Name of the Selling Shareholder Type Number of Equity Shares of Face Value of ₹ 10 each Oered / Amount

Go Digit Infoworks Services Private Limited Promoter Selling Shareholder Up to 54,755,614 Equity Shares of face value of ₹ 10 each aggregating up to ₹ [●] million

Nikita Mihir Vakharia, jointly with Mihir Atul Vakharia Other Selling Shareholder Up to 4,000 Equity Shares of face value of ₹ 10 each aggregating up to ₹ [●] million

Nikunj Hirendra Shah, jointly with Sohag Hirendra Shah Other Selling Shareholder Up to 3,778 Equity Shares of face value of ₹ 10 each aggregating up to ₹ [●] million

Subramaniam Vasudevan, jointly with Shanti Subramaniam Other Selling Shareholder Up to 3,000 Equity Shares of face value of ₹ 10 each aggregating up to ₹ [●] million

SUMMARY OF RESTATED FINANCIAL STATEMENTS

A summary of the nancial information of our Company as per the Restated Financial Statements is as follows: (₹ million, except per share data)

Particulars

Nine months

ended

December 31, 2023

Nine months

ended

December 31, 2022

Financial Year

ended

March 31, 2023

Financial Year

ended

March 31, 2022

Financial Year

ended

March 31, 2021

Equity share capital 8,747.00 8,738.75 8,740.18 8590.12 8,246.92

Net Worth (Refer Note: 1) 24,593.43 22,995.76 23,254.68 18,668.65 11,345.71

Total Income (Refer Note: 2) 58,911.89 42,840.58 58,857.01 38,409.65 22,519.88

-Policyholder 57,502.35 42,146.30 57,802.39 37,594.63 21,850.45

-Shareholder 1409.54 694.28 1054.62 815.02 669.43

Operating Prot/(Loss) for the period/year (101.22) (570.09) (662.75) (3,751.43) (1,854.92)

Restated Prot/(Loss) for the period/year 1290.17 100.21 355.47 (2,958.51) (1,227.64)

Operating Prot Ratio (Refer Note: 4) (0.2)% (1.5)% (1.3)% (11.0)% (9.5)%

Earnings per share of face value of ` 10 each attributable to equity holders

-Basic, computed on the basis of prot attributable to equity holders `

1.48 0.12 0.41 (3.55) (1.50)

-Diluted, computed on the basis of prot attributable to equity holders `

1.46 0.11 0.40 (3.55) (1.50)

Restated net asset value per Equity Share (Basic) ` (Refer Note: 3)

28.12 26.31 26.61 21.73 13.76

Restated net asset value per Equity Share (Diluted) ` (Refer Note: 3)

27.75 25.93 26.20 21.36 13.52

Total Borrowings 2000.00 - - - -

Notes: 1. Net worth means the aggregate value of the paid-up share capital and all reserves created out of the prots and securities premium account and debit or credit balance of prot and loss account, after deducting the

aggregate value of the accumulated losses, and miscellaneous expenditure not written o but excludes Share application money pending allotment, ESOP outstanding reserve and fair value change account each as applicable

for the Company on a restated basis. 2. Total income = Premium earned (net) + Prot on sale of investments (net of losses) in revenue accounts + Interest, Dividend & Rent (Gross) in revenue accounts + Other income in

revenue accounts + Prot on sale of investments (net of losses) in Prot &Loss Account + Interest, Dividend & Rent (Gross) in Prot & Loss Account on restated basis. + Other Income in Prot & Loss Account (if any). 3.

Net asset value per share (in ₹) = Net worth at the end of the period/ year / Total number of equity shares outstanding as at the end of the period/ year. 4. Operating Prot Ratio = Operating prot / net premium earned.

For further details, please see section titled “Financial Information - Financial Statements” on page 365 of the RHP.

INTERNAL RISK FACTORS

Below mentioned risks are the top 5 risk factors as per the RHP. For further details, see ‘Risk Factors’ on page 41 of the RHP.

1. We have a track record of reporting losses and, we may not be able to maintain protability in the future. Our limited operating history makes it dicult to accurately

evaluate our future business prospects.

2. Our loss reserves are based on estimates as to future claims liabilities and if they prove inadequate, it could lead to further increases in reserves and materially adversely

aect our results of operations.

3. We are required to meet the mandatory control level of solvency margin as prescribed under the Insurance Act and we could be subject to regulatory actions and could

be forced to stop transacting any new business or change our business strategy which can slow down our growth.

4. Catastrophic events, including natural disasters, terrorist attack or nuclear disaster, could materially increase our liabilities for claims by customers, result in losses in

our investment portfolios, and have a material adverse eect on our business, nancial condition and results of operations.

5. There are outstanding legal proceedings involving our Company, our Promoters and our Directors, which may have a material impact on our Company. Certain Equity

Shares Allotted pursuant to this Oer, would be subject to lock-in, in terms of the IRDAI Registration and Allied Regulations, 2024, and would restrict ability of certain

investors to transfer the Equity Shares and may limit the trading market of our Equity Shares and adversely aect the price of the Equity Shares.

SUMMARY OF OUTSTANDING LITIGATION, CLAIMS AND REGULATORY ACTION

A. A summary of outstanding litigation proceedings involving our Company, Promoters, Directors and Group Companies as on the date of this Red Herring Prospectus as

disclosed in the section titled “Outstanding Litigation and Material Developments” in terms of the SEBI ICDR Regulations and the Materiality Policy is provided below:

Name of Entity Criminal

Proceedings

Tax Proceedings

(direct and

indirect tax)

Statutory or

Regulatory

Proceedings

Disciplinary actions by SEBI

or Stock Exchanges against

our Promoters

Material civil

litigation

Aggregate claim

amount involved***

(₹ in million)

Company

By our Company 21 Nil Nil N/A Nil Nil

Against our Company 2 5

(1) (2) (3) (4) (5) (6) *

10 N/A 8 2,346.42

Directors (excluding Kamesh Goyal, one of our Promoters)

By our Directors Nil Nil Nil N/A Nil Nil

Against our Directors 3

1^ Nil N/A 4 582.60

Promoters

By our Promoters Nil Nil Nil N/A Nil Nil

Against our Promoters 1

1^ Nil N/A Nil 0.09

Group Companies

By our Group Companies Nil Nil Nil Nil Nil Nil

Against our Group Companies Nil Nil Nil Nil Nil Nil

*To the extent quantiable and interest and penalty as included in the order.

Excluding the criminal case led by Mukesh Agarwal against the Company and its Directors. For further details, see “‘Outstanding Litigation and Material Developments –

Litigations against our Company – Criminal Proceedings’ on page 543 of the RHP. *** To the extent ascertainable.

^ Rajendra Beri had received a notice dated March 12, 2024 from the Income Tax Department under Section 133(6) of the Income Tax Act 1961 with respect to sale of land or building during the Financial Year 2020-21, requiring him to furnish the information

about the transaction on or before March 26, 2024. The said information was shared with the income tax department on March 20, 2024 and a response is awaited from income tax department. Hence the amount of demand has not yet been ascertained.

GO DIGIT GENERAL INSURANCE LIMITED

IN THE NATURE OF ABRIDGED PROSPECTUS - MEMORANDUM CONTAINING SALIENT FEATURES OF THE RED HERRING PROSPECTUS

(1)

Pending proceedings does not include where departmental audit / scrutiny / inquiry / investigation / proceedings / questioning is still in the process and yet to be concluded at rst level itself with an order of conrmation of demand.

(2)

Disallowance under

Section 14A of the Income Tax Act, 1961 was made to the extent of ₹ 12.73 million and losses to be carried forward recomputed in the nal assessment order issued under Section 143(3), read with Section 144B, of Income Tax Act, 1961 and no tax demand

has been raised. Potential exposure considering the allowability of the losses for adjustments in the future nancial years, at the tax rate of 25.168% (tax rate under Section 115BAA of the Income Tax Act, 1961) is ₹ 3.20 million.

(3)

Pending proceedings

do not include a matter where during the Financial Year 2021-22, GST authorities had initiated an industry-wide investigation on account of alleged ineligible input tax credit where claims are settled to insured and applicability of GST on salvage adjusted

on motor claims settled during the period from July 2017 to March 2022. The Company, in its Reply to Notice of Summon dated March 29, 2022, and additional summons received, had submitted requested details from time to time and appeared before tax

authorities to record statements and deposited ₹ 103.67 million under protest. The Company received a Show Cause Notice (“SCN”) on December 27, 2023 for ₹254.66 million and adjudication of SCN is pending.

(4)

Excludes a matter in which the Income

Tax Investigation Unit Mumbai has issued Summons under Section 131(1A) of the Income Tax Act. In compliance with the summons received, our Company has submitted requested details from time to time and appeared before tax authorities to record

statements. The investigation is ongoing and further response/communication from the Investigation Wing is awaited.

(5)

Excludes a matter in which Summons issued by DGGI Mumbai Zonal Unit under Section 70 of the CGST Act, 2017 to verify health/

group insurance policies issued to SEZ Unit and developers. In compliance with the summons received, the Company’s authorised representatives have submitted requested details from time to time and appeared before tax authorities to record statements.

The proceedings are ongoing.

(6)

Excludes a matter in which Summons issued by DGGI Bengaluru Zonal Unit under Section 70 of the CGST Act, 2017. A physical inspection was conducted by DGGI-BZU on December 27, 2023 in the Bengaluru oce to

verify input tax credit (“ITC”) availed for specied parties in default. One such vendor of the Company was not in compliance with prevailing GST regulations; hence the tax department has put the onus on the Company to reverse the ITC already claimed

against invoices raised by such vendor under exceptional circumstances. The Company has paid ₹ 1.8 million for Financial Year 2022-2023 and ₹ 10.8 million for Financial Year 2021-2022 via DRC-03 under Section 73(5) of the Central Goods and Services

Tax Act, 2017. Further response/communication from the authorities is awaited.

For further details, see “Outstanding Litigation and Material Developments – Tax Proceedings – Material Tax Proceedings”, on page 566 of the RHP.

For further details of the outstanding litigation proceedings, see “Outstanding Litigation and Material Developments” on page 537 of the RHP.

B. Brief details of top 5 material outstanding litigation/legal proceedings initiated against our Company and amount involved:

Sr.

no.

Particulars Litigation ﬁled

Current Status Amount

Involved

1. Vaishali Pankaj Shedge and others (the “Petitioners”) have led a petition before the Motor Accident Claims

Tribunal at Thane under Section 166 of the Motor Vehicles Act, 1988 against Viraj Cement Carrier LLP and our

Company (collectively, the “Respondents”) on account of the death of Pankaj Ramesh Shedge (“Deceased”) in

a motor vehicular accident. The Petitioners alleged that a vehicle insured with our Company was involved in a

motor vehicular accident that led to the death of the Deceased.

Vaishali Pankaj

Shedge and others

The matter is currently

pending before the Motor

Accident Claims Tribunal.

300,000,000

2. Sandhu Palwinderkaur Rajinder Singh and others (the “Applicants”) have led a petition before the Motor Accident

Claims Tribunal at Vadodara under Section 166 of the Motor Vehicles Act, 1988 against Kalpesh Bhai Bhupendra

Bhai Brahmabhatta, Rahuldeep Amarjit Singh Sandhu and our Company (collectively, the “Respondents”) on

account of the death of Rajinder Singh Chanchal Singh Sandhu (“Deceased”) in a motor vehicular accident.

The Applicants alleged that a vehicle insured with our Company was involved in a motor vehicular accident

that led to the death of the Deceased.

Sandhu

Palwinderkaur

Rajinder Singh

and others

The matter is currently

pending before the Motor

Accident Claims Tribunal.

135,000,000

3. Rina Amar Jariwala and others (collectively the “Applicants”) have led a petition before the Motor Accident

Claims Tribunal, Mumbai, Maharashtra under Section 166 of the Motor Vehicle Act, 1988 against Bhupendra

Singh Gurubachan Singh Bedi and our Company (collectively, the “Respondents”) on account of the death of a

family member of the Applicants. The Applicants alleged that a vehicle insured with our Company was involved

in a motor vehicular accident that led to the death of the family member.

Rina Amar

Jariwala and

others

The matter is currently

pending before the Motor

Accident Claims Tribunal.

60,000,000

4. Riddhi Ratnangad Shaha and others (the “Petitioners”) have led a petition before the Motor Accident Claims

Tribunal at Pune under Section 166 of the Motor Vehicles Act, 1988 against the insured and our Company

(collectively, the “Respondents”) on account of the death of Ratnangad Anil Shaha (“Deceased”) in a motor

vehicular accident. The Petitioners alleged that a vehicle insured with our Company was involved in a motor

vehicular accident that led to the death of the deceased.

Riddhi Ratnangad

Shaha and others

The matter is currently

pending before the Motor

Accident Claims Tribunal.

50,000,000

5. Neha Darshan Rajpara and Nayana Chimanlal Rajpara (collectively, “Applicants”) have led a petition before

the Motor Accident Claims Tribunal, Palghar under Section 166 of Motor Vehicles Act, 1988 against Manauar

Gayasuddin Miya, Mohammad Samad Shaikh and our Company (as the insurer of the truck) (collectively,

“Respondents”) to claim compensation for the death of Darshan Chimanlal Rajpara (“Deceased”) in a motor

vehicular accident. The petition alleges that the driver of the truck recklessly, at high speed, attempted to

manoeuvre a turn and lost control and hit the Deceased, who was riding on his motorcycle. Our Company has

led an application dated January 24, 2020, for inspection regarding the involvement of the insured vehicle and

the engine and chassis number mentioned in the insurance policy. Our Company claims that the motor vehicle

inspection report submitted by the police did not identify any engine number and the chassis number of the

said vehicle was overwritten.

Neha Darshan

Rajpara and

Nayana Chimanlal

Rajpara

The matter is currently

pending before the Motor

Accident Claims Tribunal.

46,466,832

C. Regulatory Action, if any - Disciplinary action taken by SEBI or stock exchanges against the Promoters in last 5 ﬁnancial years including outstanding action, if any: NIL

D. Brief details of outstanding criminal proceedings against the Promoters: Bajaj Allianz General Insurance Company Limited’s customer Rajesh Sehgal had his claim repudiated due

to a pre-existing disease and aggrieved by this repudiation has led a criminal complaint under Sections 420, 467, 468 and 471 of the IPC against Bajaj Allianz General Insurance

Company Limited (“BAGIC”) and among others, our Promoter and Chairman, Kamesh Goyal. In relation to this criminal proceeding, Kamesh Goyal (“Applicant”) has led a criminal

miscellaneous application in the Allahabad High Court under Section 482 of the Code of Criminal Procedure against the State of Uttar Pradesh, Rajesh Sehgal and others (“the

Opposite Parties”) to quash the private criminal complaint led by Rajesh Sehgal alleging the oence of forgery under Section 420, 467, 468 and 471 the IPC after the settlement

of health claim led by Rajesh Sehgal. The Allahabad High Court has granted a stay order to the Applicant in this regard. The matter is currently pending.

For further details of the outstanding litigation proceedings, see “Outstanding Litigation and Material Developments” on page 537 of the RHP.

ANY OTHER IMPORTANT INFORMATION AS PER BRLM / COMPANY - NIL

DECLARATION BY OUR COMPANY

We hereby declare that all relevant provisions of the Companies Act, 2013, and the rules framed and guidelines/regulations issued by the Government of India or

the guidelines/regulations issued by the SEBI, established under Section 3 of the SEBI Act and IRDAI, established under Section 3 of the IRDA Act, 1999, as

the case may be, have been complied with and no statement made in the Red Herring Prospectus is contrary to the provisions of the Companies Act, 2013, the

SCRA, the SCRR, the SEBI Act, the Insurance Act, 1938 or rules made or guidelines or regulations issued thereunder, as the case may be. I further certify that

all statements made in the Red Herring Prospectus are true and correct.

DECLARATION BY THE SELLING SHAREHOLDERS

Each of the Selling Shareholders, hereby conrm and declare that all statements, disclosures and undertakings made or conrmed by us in the Red Herring

Prospectus in relation to us, as one of the Selling Shareholders and our respective portion of the Oered Shares, are true and correct. We assume no responsibility

as a Selling Shareholder, for any other statements, disclosures and undertakings including, any of the statements and undertakings made or conrmed by or relating

to the Company or any other Selling Shareholder, or any other person(s) in the Red Herring Prospectus.