Radiant Cash Management Services Limited has notified the stock exchanges of a forthcoming board meeting, in compliance with Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting is scheduled to be held on Friday, May 29, 2026, and will address key financial and governance matters for the financial year ended March 31, 2026.

Board Meeting Agenda

The board meeting has been convened to deliberate on the following key items, as communicated to the National Stock Exchange of India Limited and BSE Limited on May 18, 2026:

Trading Window Closure

In accordance with applicable regulations, Radiant Cash Management Services has already intimated designated persons regarding the closure of the trading window for trading in the company's equity shares. The trading window has been closed from April 1, 2026, and will remain closed until the expiry of 48 hours from the date of publication of the financial results by the company.

This intimation was submitted by Nithin Tom, Company Secretary (Membership No. A53056), on behalf of Radiant Cash Management Services Limited, and was digitally signed on May 18, 2026.

Radiant Cash Management Services Limited has disclosed significant irregularities at its fintech subsidiary involving unauthorized transactions worth ₹3.13 crore. The company informed stock exchanges on April 15, 2026, about fraudulent activities discovered at Aceware Fintech Services Private Limited (RadiantAcemoney), which operates in the fintech sector with a significant merchant and Business Correspondent network.

Fraud Detection and Investigation

The irregularities were identified during routine operational monitoring when unusual debit activity was detected in certain vendor accounts used for facilitating Domestic Money Transfer transactions. Upon discovery, RadiantAcemoney immediately suspended the affected functionalities and initiated a comprehensive internal review alongside a forensic audit by an external digital forensic investigation agency.

The investigation revealed that unauthorized activities were carried out through misuse of residual system access credentials by a former employee, working in collusion with external parties. The perpetrators increased dashboard balances of Business Correspondent Agent accounts and executed transactions through unauthorized access to RadiantAcemoney's software system.

Financial Impact and Timeline

The forensic report confirmed no involvement of any existing employees of the subsidiary. The unauthorized activity was confined to a limited number of Business Correspondent Agent accounts within the subsidiary's platform.

Immediate Response Measures

RadiantAcemoney has implemented comprehensive corrective actions following the discovery:

• Containment measures: Immediate suspension of affected functionalities and system restrictions
• Investigation framework: Constitution of internal investigation committee and engagement of independent forensic specialists
• Regulatory compliance: Intimation to statutory auditors and filing complaints with law enforcement and cybercrime authorities
• Governance oversight: Investigation and forensic audit reports reviewed by subsidiary's Audit Committee and Board, and subsequently by the parent company's Audit Committee

Enhanced Security Infrastructure

The subsidiary has initiated a comprehensive program to strengthen internal controls and technology infrastructure. The enhanced security measures include:

• Implementation of enhanced access control protocols and Role-Based Access Control systems
• Mandatory access revocation protocols upon employee separation
• Upgraded cyber security systems and infrastructure
• Improved transaction monitoring with automated alert mechanisms
• Reinforced reconciliation processes and dormant account controls

Radiant Cash Management Services is providing full support to the subsidiary in implementing these preventive measures to avoid recurrence of similar incidents.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and the SEBI Master Circular dated January 30, 2026. The company has also uploaded this disclosure on its website in compliance with Regulation 46(2) of the SEBI Listing Regulations, ensuring full transparency with stakeholders and regulatory authorities.