Emerald Finance Limited has announced a strategic partnership with Nuvo Aeon Diamond and Jewellery Private Limited, Mumbai, to introduce an innovative Early-Wage-Access program for employees. This collaboration marks a significant step in Emerald Finance's mission to expand its offerings and cater to retail customers.

Key Features of the Early-Wage-Access Program

The new program offers several benefits to employees:

• Seamless access to a portion of their salaries throughout the month
• Instant financial relief for unexpected expenses
• Short-term loans in the form of salary advances
• Repayment through salary deductions

Strategic Alignment with Company Vision

This initiative aligns with Emerald Finance's broader strategy:

• Expansion of product offerings
• Focus on serving retail customers
• Development of innovative salary advance solutions

Partnership Details

Implications for Employees and Employers

The Early-Wage-Access program represents a win-win situation for both employees and employers:

• For Employees: Increased financial flexibility and reduced stress from unexpected expenses
• For Employers: Enhanced employee satisfaction and potential improvement in productivity

Regulatory Compliance

Emerald Finance Limited has ensured full compliance with regulatory requirements:

• Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Official announcement submitted to BSE Limited on October 30, 2025

This partnership between Emerald Finance and Nuvo Aeon Diamond showcases an innovative approach to employee financial wellness. By providing flexible access to earned wages, the program aims to alleviate financial stress and offer a practical solution for short-term cash needs. As companies increasingly focus on employee well-being, such financial tools may become more prevalent in the corporate landscape.

Emerald Finance Limited, a leading financial services company, has reported robust financial results for the second quarter of fiscal year 2026, showcasing significant growth across key metrics and continued expansion of its Early Wage Access (EWA) business.

Financial Highlights

The company's standalone performance for Q2 FY26 was particularly impressive:

On a consolidated basis, Emerald Finance also demonstrated strong growth:

Early Wage Access (EWA) Business Momentum

Emerald Finance's EWA business continues to show strong momentum:

• Monthly disbursements reached INR 6.00 crores, growing at 15-20% month-on-month
• The company aims to achieve INR 13.00-15.00 crores in monthly disbursements by the end of the fiscal year
• 145 corporates have been onboarded, with 120 actively using the service
• The EWA program covers 17,000-18,000 employees, with 2,400 monthly unique borrowers
• Management targets onboarding 250 corporates by the end of FY26

Gold Loan Syndication Growth

The company's gold loan syndication business has shown significant progress:

• Processed over INR 115.00 crores in Q2 FY26
• This represents a substantial increase from INR 80.00 crores in the previous quarter

Asset Quality

Emerald Finance maintains a strong focus on asset quality:

• NPAs remain minimal
• One business loan case of INR 30,000 was written off
• Two EWA cases totaling INR 14,000 are under recovery

Operational Developments

• Launched the Emerald EWA mobile app on Google Play
• Maintains EBITDA margins around 75-80%
• Established a new office dedicated to the EWA team

Strategic Partnership

Emerald Finance has recently partnered with Ebix Travels Pvt Ltd, Delhi, to offer its Early-Wage-Access program to the company's employees. This partnership aims to provide instant financial relief to employees by allowing them to access part of their salaries seamlessly throughout the month.

Management Commentary

Sanjay Aggarwal, Managing Director of Emerald Finance Limited, commented on the results: "We concluded the first half of FY '26 on a decent note with healthy financial growth, operational progress, and expansion across various verticals. Our EWA and gold loan syndication business has continued to gain traction, supported by rising digital adoption in our company."

The company remains committed to its growth strategy while maintaining a cautious approach to lending in the current market conditions. Management expressed confidence in sustaining growth momentum and building Emerald Finance into a scalable and resilient financial enterprise.

As Emerald Finance continues to expand its EWA business and strengthen its position in the financial services sector, investors and stakeholders will be watching closely to see if the company can maintain its impressive growth trajectory in the coming quarters.