Delphi World Money filed its annual report for FY26, reporting profit before tax from continuing operations surging to ₹107.49 million from ₹19.75 million, even as total income declined to ₹531.26 million from ₹739.55 million.

The annual report was filed on September 4, 2026, in continuation of the board meeting held on August 31, 2026. The company also issued the notice for its 41st Annual General Meeting scheduled for September 30, 2026, to be held via video conferencing at 3:00 pm.

Financial Performance

The company delivered a materially improved result for FY26, with profitability expanding substantially on a lower revenue base. The improvement reflects a deliberate shift towards higher-yield retail products, disciplined cost control, closer attention to branch economics, and full repayment of borrowings during the year. The company is debt-free as at the close of the year, with a current ratio of 4.466.

The following table summarises the standalone financial performance:

The board's report notes that total income including exceptional items on a standalone basis stood at ₹12,581.85 million for FY26 versus ₹17,413.66 million in FY24-25, reflecting the gross volume of foreign exchange transactions. Revenue from operations on a net margin basis was ₹447.48 million versus ₹547.21 million. The company had 154 permanent employees on its rolls as at March 31, 2026.

Product-Wise Revenue

The company operates in a single reportable segment — foreign exchange services. The breakdown of net revenue from operations is as follows:

Capital Structure Changes

During FY26, the company undertook significant capital actions. It completed a rights issue of 52,23,295 fully paid-up equity shares at ₹191 per share (including a premium of ₹181 per share), aggregating to ₹997.65 million. The company subsequently sub-divided its equity shares from a face value of ₹10 each to ₹2 each, and issued bonus shares in the ratio of 2:1 by capitalisation of reserves aggregating ₹327.02 million.

As at March 31, 2026, the authorised share capital stood at ₹50,00,00,000 and paid-up equity share capital at ₹49,05,35,550, comprising 24,52,67,775 equity shares of ₹2 each. EbixCash World Money Limited, the promoter, holds 61.32% of the paid-up capital.

Subsidiary — Ebix Travels Private Limited

During FY26, the company acquired management control over Ebix Travels Private Limited (ETPL) with effect from September 1, 2025, classifying it as a subsidiary for accounting purposes under Ind AS 110. The company's equity shareholding in ETPL stood at 43.23% as at March 31, 2026, representing 4,50,33,749 equity shares.

The statutory auditors issued a qualified opinion on both standalone and consolidated financial statements in relation to inter-corporate deposits of ₹532.84 million extended by ETPL to Eraaya Lifespaces Limited (ultimate holding company), with outstanding ICD receivable including interest of ₹456.38 million as at March 31, 2026. Shareholder approval for this material related party transaction was obtained via postal ballot on April 11, 2026.

The consolidated financial statements reflect total income of ₹2,182.40 million for FY26, incorporating ETPL's travel services revenue of ₹1,492.97 million for the period September 1, 2025 to March 31, 2026.

Regulatory Compliance and Penalties

The secretarial audit report noted three compliance lapses during FY26, all of which have been remediated:

41st AGM Details

The 41st Annual General Meeting will be held on September 30, 2026, via video conferencing. Key agenda items include adoption of audited financial statements, re-appointment of Mr. Tiruvanamalai Chandrashekaran Guruprasad as director retiring by rotation, and re-appointment of Mr. Hariprasad Meenoth Panichikkil as Whole-Time Director for a second term of five years from February 11, 2027 to February 10, 2032, without remuneration.

Mr. Panichikkil holds a commerce degree and an MBA in Finance & Marketing from T.A. Pai Management Institute, Manipal, and has attended 9 out of 9 board meetings during FY26. The company's CSR obligation for FY26 was approximately ₹3.33 million, against which ₹3.15 million was spent.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE726L01027/7a79ada9-bad0-4e0b-b0d8-74a97b6d2bfb.pdf

Delphi World Money has received an administrative warning from the Securities and Exchange Board of India (SEBI) for failing to timely disclose material legal proceedings. The regulator’s Corporation Finance Department, Supervision Enforcement and Complaints (SEC-5) issued the communication on August 04, 2026, citing violations of Regulation 4 and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The warning highlights lapses in transparency regarding litigation involving Bull Value Incorporated VCC sub fund, raising compliance concerns for investors monitoring the company’s governance standards.

The regulatory action stems from two specific disclosure failures observed by SEBI. First, the company failed to disclose six pending litigations filed by Bull Value Incorporated VCC sub fund on dates ranging from November 15, 2025, to December 13, 2025, under Regulation 30 read with Sub-para 8 of Para B of Part A of Schedule III. Second, Delphi World Money did not attach a copy of a court order dated November 27, 2025, to its disclosure submitted on December 2, 2025, violating Regulation 4(1)(d)(e) read with Regulation 30. These omissions breached mandatory transparency norms designed to keep market participants informed of material legal risks.

Key Compliance Lapses

The following table details the specific violations cited in the administrative warning letter bearing reference no. HO/49/13/11(408)2026-CFD-SEC5-I/17467/2026:

SEBI emphasized that these non-compliances were viewed seriously. The regulator advised the company and its Board of Directors to exercise due care in future disclosures to avoid recurrence. The warning letter explicitly stated that any repetition of such violations would invite appropriate enforcement action under the SEBI Act, 1992, and related rules.

Company Response and Next Steps

Delphi World Money disclosed the receipt of the warning to the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 30 of the SEBI LODR Regulations. The company confirmed that the administrative warning does not impose any monetary penalty or financial liability. Consequently, management assessed there is no quantifiable monetary impact on the company’s financial position and no material impact on its operations or other activities.

Vinay Singh, Company Secretary & Compliance Officer, signed the disclosure on behalf of the company. As mandated by SEBI, the communication will be placed before the Board of Directors at its ensuing meeting. The Board is required to submit comments to SEBI regarding whether they are satisfied with the corrective steps taken to ensure future compliance. This procedural step underscores the regulator’s focus on board-level accountability for listing obligations.