RS Software (India) Limited has released its Annual Report for FY 2025-26, presenting a year marked by significant financial headwinds alongside strategic milestones in its ongoing transformation into a product-led, AI-native payment infrastructure company. The company reported a standalone revenue of ₹25.16 crores and a standalone loss of ₹29.93 crores, primarily attributed to delays in the conversion of anticipated product licensing opportunities and an extended sales cycle.

Financial Performance: Standalone and Consolidated

The company's financial performance for FY 2025-26 reflected a sharp decline compared to the prior year, driven by a reduction in export revenues and the absence of licensing income. The following tables summarise the key financial metrics.

Standalone Financial Performance (₹ in Lakhs)

Consolidated Financial Performance (₹ in Lakhs)

Standalone revenue from operations stood at ₹2,513.84 lacs, compared to ₹5,732.07 lacs in the previous year. The standalone total capital employed decreased from ₹8,185.25 lacs in FY 2024-25 to ₹5,280.14 lacs in FY 2025-26. Basic and diluted earnings per share on a standalone basis stood at ₹(11.38), compared to ₹2.70 in the prior year.

Key Financial Ratios

The following table presents the key financial ratios for FY 2025-26 versus FY 2024-25 on a standalone basis.

Subsidiary Performance

The company has two subsidiaries — Responsive Solutions, Inc. (USA) and Paypermint Private Limited (India). Paypermint Private Limited reported a profit before tax of ₹307.53 lacs for FY 2025-26, compared to ₹460.41 lacs in FY 2024-25, by monetising its payment platform Payabbhi. Responsive Solutions, Inc. reported a net loss of US$ 175,251 for the twelve months ended March 31, 2026, compared to a loss of US$ 0.25 million in the prior year.

Subsidiary Financial Highlights

Awards, Recognition and Operational Milestones

On March 24, 2026, RS Software was presented with the NASSCOM Tech Excellence Award in Financial Services, recognising its contribution to payment infrastructure innovation, AI-powered fraud prevention, and national payment transformation programmes. The company also inaugurated RS@Elevate, its new innovation-centric workspace spanning nearly 25,000 sq. ft. with a capacity for 180 employees, housing the Payments Centre of Excellence, RS Payments Innovation Lab™, and RS School of Payments™.

During FY 2025-26, the company recruited 29 lateral hires, including 2 senior-level hires in North America, and achieved an Employee Net Promoter Score (eNPS) of 60 in its annual anonymous employee engagement survey. The Board of Directors also approved the grant of 1,00,000 Employee Stock Options to a senior employee under the RS Software Employee Stock Option Scheme 2025 at a price of ₹78.31 per option/share.

Product Portfolio and Strategic Direction

RS Software's product portfolio is organised around four platforms — RS IntelliEdge™ (fraud and risk management), RS DigitalEdge™ (payment orchestration), Payabbhi® (merchant payment acceptance), and RS Bill@Edge™ (bill presentment and payments). The company's cumulative investments exceeding ₹130 crores in building these scalable platforms are described as beginning to yield visible results. The company is focused on multi-rail orchestration, network neutrality, developer-first APIs, and global bank connectivity as key strategic differentiators.

Corporate Governance and Other Disclosures

The Board of Directors comprises six directors, including two promoter directors, two non-executive non-independent directors, and two independent directors. Five Board meetings were held during FY 2025-26. The company incurred CSR expenditure of ₹50 lakhs during the year, against a statutory obligation of ₹5.53 lakhs, with the excess eligible for set-off against future CSR obligations. No dividend has been recommended for FY 2025-26. The statutory auditor M/s. Chaturvedi & Company issued an unqualified audit report for the financial year. The 38th Annual General Meeting is scheduled for July 23, 2026, through Video Conferencing/Other Audio-Visual Means.

R S Software (India) Ltd has published the intimation advertisement for its 38th Annual General Meeting in newspapers. The meeting is scheduled for July 23, 2026, at 11:30 A.M. through video conferencing or other audio-visual means (OAVM). The advertisement appeared on June 23, 2026, in the Business Standard and Aajkaal newspapers, informing shareholders about the upcoming event.

The AGM is being held in compliance with the Ministry of Corporate Affairs General Circular No. 03/2025 and various SEBI circulars, including SEBI/HO/CFD/CFDPoD-2/P/CIR/2024/133 dated October 3, 2024. These regulations permit companies to hold annual general meetings virtually without a physical venue. Vijendra Kumar Surana, CFO & Company Secretary, signed the intimation document on June 22, 2026.

E-voting and Participation

The company has engaged Central Depository Services (India) Limited (CDSL) as the authorized agency to facilitate remote e-voting. Members can cast their votes remotely or through the e-voting system during the meeting. This facility is available to shareholders holding shares in both dematerialized and physical forms.

Members who have not registered their email addresses are requested to update them immediately. Shareholders with dematerialized shares should update their details with their respective depository participants, while those holding physical shares must contact the company's registrars and share transfer agents.

Key Meeting Details