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Rohan Malhotra, the Chief Executive Officer and Director of Roadzen Inc. (NASDAQ:RDZN), recently acquired 2,300 ordinary shares of the company at a price of $1.09 per share. This purchase, made on March 12, 2025, amounted to a total of $2,507. The purchase comes as the stock trades at $0.96, down 86% over the past year. According to InvestingPro analysis, the stock appears undervalued at current levels. Following this transaction, Malhotra holds a direct ownership of 807,837 shares.
Additionally, Malhotra has indirect ownership interests through entities such as Avacara Pte Ltd. and RM Securities LLC, with holdings of 17,473,213 and 45,854 shares, respectively. It’s important to note that he disclaims beneficial ownership of these shares except for his pecuniary interest. Furthermore, Malhotra holds 5,616,485 shares underlying restricted stock units, which are set to vest on September 18, 2025, contingent upon his continued service with the company.
In other recent news, Roadzen Inc. has made notable advancements in its business operations. The company recently secured a patent in India for its driver risk assessment technology, known as the CARD system, which represents a shift from traditional models by evaluating a broader range of risk factors. This innovation has been validated by the Automotive Research Association of India and is expected to become mandatory for commercial vehicles by 2026. In financial updates, Roadzen extended the maturity date of its $11.5 million senior secured notes to December 31, 2025, and issued a new warrant to Mizuho (NYSE:MFG) Securities USA LLC, enhancing its financial flexibility. Additionally, the company has reduced its short-term liabilities by $5.5 million through various means, including converting payables into shares and renegotiating accrued expenses. Roadzen has also expanded its AI claims service with National Insurance Company Ltd. in India, incorporating four additional regional offices into its XClaim platform. This expansion aims to improve claims processing speed and efficiency, benefiting both insurers and policyholders. Moreover, Roadzen settled approximately $3.5 million in liabilities by issuing shares to Marco Polo Securities, Inc. and Avacara PTE Ltd., further strengthening its balance sheet. These developments highlight Roadzen’s ongoing efforts to innovate and improve its financial and operational standing.
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