New Delhi: PhysicsWallah on Thursday said its board has approved the second tranche of investment in Kay Lifestyle and Wellness Private Limited, stepping up its presence in the health, fitness and wellness education space.
In a filing to stock exchanges, the company said it will subscribe to 300 Series Seed compulsory convertible preference shares (CCPS) for a cash consideration of ₹1.5 crore, taking its shareholding in Kay Lifestyle to 41.18% of the fully diluted share capital. The investment is in line with the share subscription and shareholders’ agreements signed in April 2025.
PhysicsWallah had earlier completed the first tranche, following which it held 28.57% in the company. The broader arrangement allows it to subscribe to up to 999 CCPS, representing 50% of Kay Lifestyle’s fully diluted equity, over multiple tranches.
Kay Lifestyle, incorporated in January 2025, operates in the education and training segment focused on health, fitness and wellness programmes, spanning areas such as fitness, yoga, meditation and nutrition. The company reported turnover of about ₹1.17 crore for the period ended December 31, 2025.
PhysicsWallah said the transaction qualifies as a related-party transaction under applicable accounting standards but is being carried out on an arm’s length basis. The company added that the investment is intended to support corporate requirements and enable participation in strategic initiatives outlined in the original agreements.
The company expects to complete the proposed investment programme within a year, subject to the timelines set out in the agreements, as it looks to build a wider presence beyond its core test-prep and learning offerings.