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.

RNFI Services Limited has initiated a postal ballot and remote e-voting process to seek shareholder approval for the RNFI Employee Stock Option Plan 2026. The company is seeking approval for the ESOP for the benefit of its employees, including those of its present and future subsidiaries. The resolutions regarding the ESOP plan have been classified as special resolutions.

The postal ballot notice was issued in accordance with Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The Ministry of Corporate Affairs has permitted the company to conduct the postal ballot by sending the notice in electronic form only. The notice and e-voting instructions were sent via email to members whose email addresses are registered with the company's Registrar and Transfer Agent (RTA) or depository participants as on the cut-off date of Friday, June 5, 2026.

National Securities Depository Limited (NSDL) has been engaged to provide the remote e-voting facility. The e-voting period commenced at 09:00 A.M. IST on Thursday, June 11, 2026, and will conclude at 05:00 P.M. IST on Friday, July 10, 2026. The e-voting module will be disabled by NSDL after the conclusion of the period. Shareholders are entitled to vote in proportion to the shares held by them in the paid-up equity share capital of the company as on the cut-off date.

The Board of Directors has appointed Mr. Umesh, Proprietor of M/s. Umesh & Associates, Practicing Company Secretaries, as the Scrutinizer for conducting the postal ballot process. Once a vote is cast by a member, it cannot be changed subsequently. The results of the remote e-voting will be declared within a stipulated time frame and will be available on the company's website and the NSDL e-voting website.

Postal Ballot Resolutions

The postal ballot notice, explanatory statement, and instructions for e-voting are available on the company's website, the National Stock Exchange of India Limited website, and the NSDL e-voting website.