Radiant Cash Management Services Ltd

Radiant Cash Management Services Limited trading window closed from 1st October, 2026 until 48 hours after the announcement/declaration of the Un-Audited Financial Results for the quarter and half year ended September 30, 2026.

AGM details

• AGM held 16 September 2026, 3:00 pm, via VC/OAVM.
• Voting entitlements cut-off date: 10 September 2026.
• Remote e-voting period: 12–15 September 2026.

Key resolutions and outcomes

• Adoption of standalone financial statements approved (ordinary).
• Adoption of consolidated financial statements approved (ordinary).
• Dividend declaration approved (ordinary).
• Re-appointment of Alexander David as director by rotation approved.
• ASA & Associates LLP appointed as statutory auditors (ordinary).
• Board empowered to advance loans to Aceware Fintech Services Private Limited approved (special).
• Approval of material modification of related party transactions with Aceware Fintech Services Private Limited approved.

Governance changes and key appointments

• Director: Alexander David reappointed as director; liable to retire by rotation.
• Auditors: ASA & Associates LLP appointed as statutory auditors.

Governance / Compliance

• Re-appointed M/s ASA & Associates LLP as Statutory Auditors for a five-year term (2026–2031).
• AGM on 16 September 2026 approved the reappointment.

AGM Details

• 21st AGM held on 16 Sep 2026 at 03:00 p.m. IST via VC/OAVM.

Key Resolutions

• Adopt standalone financial statements (ordinary) – results to be intimated to exchanges within two working days.
• Adopt consolidated financial statements (ordinary) – results to be intimated within two working days.
• Declare dividend (ordinary) – results to be intimated within two working days.
• Re-appoint director liable to retire by rotation (ordinary) – results to be intimated within two working days.
• Re-appoint Statutory Auditors (ordinary) – results to be intimated within two working days.
• Authorize board to advance loans to related party under section 185 (special) – results to be intimated within two working days.
• Approve modification of material related party transactions with related party (ordinary) – results to be intimated within two working days.

Financial snapshot

• Standalone revenue from operations: ₹4,012.86 mn; YoY −0.93%.
• Standalone total revenue: ₹4,107.30 mn; YoY −0.19%.
• Standalone PAT: ₹382.15 mn; YoY −16.3%.
• Consolidated revenue from operations: ₹4,294.75 mn; YoY +0.55%.
• Consolidated PAT: ₹279.79 mn; YoY −40.5%.
• Standalone EPS: ₹3.58; Consolidated EPS: ₹3.02.
• Final dividend ₹2.50 per share proposed; record date 10 Sep 2026.
• Standalone debt ₹1,500.35 mn; Consolidated debt ₹1,843.39 mn.

Network, scale and mix

• Network footprint: 14,844 PIN codes, 9,162 locations, 77,521 touchpoints; ~870 cash vans.
• Pan-India reach: 28 states, 8 Union Territories.
• Revenue from Tier II+ markets: 62% of Revenue, tier II focus.
• RVL: 35% revenue growth in FY2025-26; onboarded 3 marquee jewellery chains.
• Merchant network: 1.5 lakh+ POS terminals; 60k Sound Boxes deployed.

Fintech and valuables logistics

• Radiant Acemoney expanded; 1.5 lakh+ POS terminals; 60k Sound Boxes; 10k BCs; ₹1,140 Cr transaction volume.
• RVL growth: 35% revenue growth; onboarded marquee jewellers; stronger security stack.
• Direct business share around 18% of standalone revenue; path to ~30% by FY2027-28.

Governance and leadership

• Board comprises six directors: 3 Executive, 3 Independent; two women.
• Alexander David appointed Whole-Time Director from 23 May 2025; RCMS nominee on Aceware.
• Vasanthakumar AP resigned as Nominee Director on 25 Apr 2025.
• AGM planned for 21st AGM on 16 Sep 2026; remote e-voting window Sept 12-15, record date Sept 10.

Related party transactions and approvals

• Aceware related party transactions: loans ₹154.50 mn; recoveries ₹114.50 mn; guarantees ₹220.00 mn; interest ₹3.55 mn.
• Material modification approved to raise Aceware limits: loans up to ₹300 mn; guarantees up to ₹400 mn; estimated ₹50 mn related revenue.
• Aggregate RPT with Aceware FY2025-26: ₹389.32 mn; approvals via postal ballot and board oversight.

CSR and environmental sustainability

• CSR spend: ₹13.62 mn; Ashraya served 1,453 elderly across 39 villages.
• Ashraya expansion added Mullipakkam; 118 new elderly beneficiaries.
• Energy: non-renewable consumption 62,310 GJ; energy intensity 15.53 GJ per turnover; 23.59 GJ/employee.
• ESG training: 16 programs; 86% staff coverage; 33% women in workforce.

Audit, risk and controls

• Statutory auditors: M/s ASA & Associates LLP; no material qualifications in Standalone Audit.
• Secretarial: M/s S Sandeep & Associates; Internal audit: M/s Menon & Pai.
• Cash embezzlements: 9 incidents of ₹25.08 mn; ₹15.26 mn recovered; ₹9.82 mn charged off.
• Internal financial controls deemed adequate and operating effectively.

Dividend and AGM specifics

• Final dividend proposed: ₹2.50 per share; record date 10 Sep 2026; payable post AGM if approved.
• IPO proceeds and utilisation disclosed; no further equity actions planned for FY2025-26.

AGM Details

• Date and time: 16 September 2026 at 3:00 PM IST.
• Mode: VC/OAVM; physical attendance not required.
• Remote evoting window: 12–15 September 2026 (9:00 AM–5:00 PM).
• Cut-off date for voting entitlement: 10 September 2026.
• Record date for final dividend: 10 September 2026.
• Venue: corporate office deemed venue, meeting held via VC/OAVM.

Key Resolutions

• Ordinary: Adopt standalone financial statements and reports.
• Ordinary: Adopt consolidated financial statements and reports.
• Special: Declaration of final dividend of ₹2.50 per share.
• Ordinary: Re-appoint Alexander David as Director liable to retire by rotation.
• Ordinary: Re-appoint ASA & Associates LLP as Statutory Auditors.
• Special: Board to advance loans to Aceware up to ₹300 million.
• Ordinary: Approve material modification of related party transactions with Aceware.

Dividend

• Final dividend of ₹2.50 per share, subject to AGM approval.

Directors

• Alexander David re-appointed as Director, retiring by rotation.

Auditors

• Statutory Auditor re-appointment: ASA & Associates LLP; remuneration ₹45 Lakhs.

Related Party Transactions

• Aceware is RCMS subsidiary; RCMS holds 58.21%.
• Aggregate loans to Aceware proposed up to ₹300 million.
• Aggregate corporate guarantees proposed up to ₹400 million.
• Estimated related party transactions around ₹50 million.
• Loans may be disbursed in one or more tranches; terms set by Board.
• Interest/guarantee fees at highest borrowing rate plus 0.10%.
• Loans/guarantees to Aceware are unsecured.

Voting Status

• Voting outcomes are not disclosed in this filing.
• Results to be published on company/NSDL sites within 48 hours after AGM.

Key BRSR highlights FY2025-26

• BRSR FY2025-26 submitted on standalone basis under SEBI LODR.
• Board consists of 6 directors; 33% female representation; KMP female 13%.
• Subsidiary Aceware Fintech Services Pvt Ltd held 58.21%; RCMS BR initiatives not extended.
• Related party transactions: purchases 31%; sales 0.10%; loans/advances 93.3%; investments 100%.
• Footprint: 82 offices nationwide; 28 states, 8 UTs; 9,162 locations.
• CSR: turnover Rs 4,012.86 million; net worth Rs 2,838.92 million; CSR applicable.
• GHG emissions: Scope 1 4,365 t CO2e; Scope 2 558 t.
• Emissions intensity: 1.23 tCO2e per INR mn turnover.
• External BR assessment: Not conducted.
• No material BR fines/penalties in FY2025-26.

Dividend entitlement

• Final dividend of ₹2.50 per equity share for FY 2025-26.
• Record Date fixed at 10 September 2026.
• Dividend payable on equity shares; subject to tax deduction at source.
• Payment to be made within statutory timelines on or after 25 September 2026.
• AGM on 16 September 2026 via VC/OAVM.