Emerald Finance Limited has announced a strategic partnership with Vardhman Enterprises, Panchkula, Haryana, to launch its Early-Wage-Access program for the company's employees. The partnership was disclosed on March 23, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Partnership Details

The collaboration between Emerald Finance Limited and Vardhman Enterprises focuses on providing financial flexibility to employees through an innovative salary advance solution. The program enables workers to access portions of their earned salaries seamlessly throughout the month, offering immediate financial relief when needed.

Program Structure and Benefits

The Early-Wage-Access program operates as a short-term lending solution where employees can obtain salary advances against their earned wages. The innovative approach allows workers to bridge financial gaps without traditional loan procedures, providing instant access to their earned income.

Key features of the program include:

• Seamless access to earned salary portions throughout the month
• Instant financial relief for employees
• Collection through salary deduction mechanism
• Integration with employer payroll systems

Strategic Vision and Expansion

This partnership represents a significant step in Emerald Finance Limited's strategic expansion into retail customer services. The company has been actively developing salary advance solutions as part of its broader vision to serve a larger retail customer base. The program involves establishing partnerships with employers to offer structured short-term loans, with repayment facilitated through direct salary deductions.

The initiative demonstrates Emerald Finance's commitment to innovative financial solutions that address real-world employee needs while expanding its market presence in the retail lending sector. The partnership model provides a scalable framework for future collaborations with other enterprises seeking to enhance employee financial wellness programs.

Emerald Finance Limited has announced a strategic partnership with Shamshree Lifesciences Limited, Solan Himachal Pradesh, to launch its Early-Wage-Access program for the firm's employees. This collaboration, disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, represents a significant expansion of the company's retail customer base and service offerings in the financial technology sector.

Partnership Overview

The partnership focuses on providing instant financial relief to employees by enabling them to access portions of their earned salaries seamlessly throughout the month. This arrangement allows workers to receive salary advances before traditional payday, addressing immediate financial needs.

Program Structure and Benefits

The Early-Wage-Access program operates as a salary advance solution where Emerald Finance provides short-term loans to employees. The company has structured the product to ensure seamless integration with employer payroll systems, allowing for automatic collection through salary deductions.

Key features of the program include instant access to earned wages, integration with employer payroll systems, and automated collection mechanisms. The solution is designed to serve retail customers at scale while maintaining operational efficiency.

Strategic Expansion

This partnership with Shamshree Lifesciences Limited demonstrates Emerald Finance's commitment to innovative financial solutions that address immediate employee needs. The initiative aligns with the company's broader vision to expand its offerings and serve retail customers more comprehensively through strategic employer partnerships.

The collaboration represents Emerald Finance's continued efforts to develop salary advance solutions as part of its growth strategy, focusing on partnerships that deliver financial flexibility to the workforce while maintaining sustainable business practices. The formal disclosure under SEBI regulations underscores the company's commitment to transparency and regulatory compliance.