RNFI Services has secured in-principle approval from the National Stock Exchange of India Limited to list 296,292 equity shares arising from the conversion of preferential warrants. The approval, conveyed via reference number NSE/LIST/55590 dated June 25, 2026, paves the way for these shares to be admitted to dealings on the exchange following confirmation from depositories.

Listing Details

The equity shares, valued at Rs. 10 each, were allotted on May 30, 2026, to individuals belonging to the non-promoter category. These shares bear distinctive numbers ranging from 25060652 to 25356943. The intimation to the exchange was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Next Steps

While the National Stock Exchange has granted the approval, the actual listing and trading commencement are contingent upon the receipt of confirmation from the depositories—National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL)—regarding the credit of the beneficiaries' accounts.

RNFI Services Limited has approved the acquisition of up to 75% of the paid-up share capital of Ambition Services Private Limited for an aggregate investment of INR 4.03 Crore. This strategic move, approved by the Board of Directors on June 25, 2026, will result in Ambition Services Private Limited becoming a subsidiary of rnfi services . The acquisition is intended to strengthen the company's business correspondent network and expand its geographical presence in financial inclusion and lending businesses.

The consideration for the acquisition will be entirely in cash, partially through a fresh issue of shares and partially through share transfer. The transaction is not classified as a related party transaction, and no governmental or regulatory approvals are presently required. The entire process is slated for completion within 18 months from the date of the Board meeting.

Ambition Services Private Limited, incorporated on June 24, 2015, operates as Business Correspondents, Business Facilitators, and service providers. The target entity has a paid-up share capital of Rs. 8,08,65,650 and is based in New Delhi. The acquisition aligns with the acquirer's objective to enhance distribution capabilities and value creation for stakeholders.

The financial performance of Ambition Services Private Limited over the last three years shows a varying trend in turnover. The entity reported a turnover of Rs. 19.52 Crores in FY 2024-25, down from Rs. 21.67 Crores in the previous fiscal year FY 2023-24. In FY 2022-23, the company recorded a turnover of Rs. 12.93 Crores.

Financial Performance of Ambition Services Private Limited

The Board's decision marks a significant milestone in RNFI Services Limited's growth journey, enabling it to broaden its business network further. The company believes this development will contribute positively to its overall growth trajectory.