Emerald Finance Limited has announced several key corporate actions and a new partnership following its Board of Directors meeting on August 26, 2025. The company has made significant decisions regarding its upcoming Annual General Meeting (AGM), dividend distribution, and the appointment of a new Secretarial Auditor.

Annual General Meeting and Dividend Details

The Board has scheduled the company's Annual General Meeting for September 30, 2025, at 10:00 A.M. The meeting will take place at the company's registered office in Chandigarh. In preparation for the AGM and dividend distribution, the following dates have been set:

These dates are crucial for shareholders looking to participate in the AGM and receive the final dividend for the financial year ended March 31, 2025.

Appointment of Secretarial Auditor

In a move to strengthen its corporate governance, Emerald Finance has recommended the appointment of Mr. Anil Negi as the company's Secretarial Auditor. This appointment, subject to shareholder approval, is for a term of five financial years, from FY 2025-26 to FY 2029-30.

Mr. Negi brings substantial experience to the role:

• Qualifications: Practicing Company Secretary with Certificate of Practice No. 17213
• Professional Membership: Associate Member of the Institute of Company Secretaries of India (ICSI), Membership No. 46547
• Expertise: Extensive experience in company law, SEBI regulations, and compliance management

The Board has also appointed Mr. Negi as the scrutinizer for the upcoming AGM, highlighting the company's commitment to transparent and compliant corporate practices.

Partnership with EBIX INSURETECH for Employee Benefits

In a separate announcement, Emerald Finance revealed a strategic partnership with EBIX INSURETECH Pvt Ltd to offer an Early-Wage-Access program to its employees. This initiative aims to provide instant financial relief by allowing employees to access part of their salaries throughout the month.

Key points of the partnership include:

• Partner: EBIX INSURETECH Pvt Ltd, based in Mumbai
• Program: Early-Wage-Access for employees
• Benefit: Seamless access to partial salary throughout the month
• Collection Method: Through salary deduction

This partnership aligns with Emerald Finance's vision to expand its offerings and serve retail customers at large, potentially opening up new avenues in the salary advance solution market.

The Board meeting, which commenced at 11:00 P.M. and concluded at 5:30 P.M., also approved the Notice & Directors' Report for the year ended March 31, 2025.

Emerald Finance Limited has announced a strategic partnership with SAGAR RATNA C/O AAKASHI RESTAURANT AND FOODS PRIVATE LIMITED to launch an Early-Wage-Access program for employees. This innovative financial solution allows workers to access a portion of their earned wages before the traditional payday, providing immediate financial flexibility.

Partnership Details

The collaboration between Emerald Finance and Sagar Ratna, a partnership firm registered at SCO 47, Sector 17-E, Chandigarh, aims to offer instant financial relief to employees. Through this program, workers can seamlessly access part of their salaries throughout the month, addressing short-term financial needs without resorting to high-interest loans or credit card debt.

Strategic Expansion

This initiative aligns with Emerald Finance's vision to broaden its product offerings and cater to a wider retail customer base. The Early-Wage-Access program represents a significant step in the company's strategy to penetrate the salary advance solutions market.

How It Works

The Early-Wage-Access product involves Emerald Finance partnering directly with employers to offer short-term loans in the form of salary advances. The repayment process is streamlined, with the borrowed amounts being collected through salary deductions, ensuring a convenient and manageable repayment method for employees.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Emerald Finance has officially disclosed this partnership to the BSE Limited. The disclosure was signed by Amarjeet Kaur, Company Secretary cum Compliance Officer, underscoring the company's commitment to transparency and regulatory adherence.

Implications for the Financial Sector

This partnership marks a notable development in the financial services industry, particularly in the realm of employee benefits and financial wellness. By offering early access to earned wages, Emerald Finance is positioning itself at the forefront of innovative financial solutions that address the evolving needs of the modern workforce.

As the program rolls out, it will be interesting to observe its impact on employee financial health and its potential to set a new standard in the salary advance market. For Emerald Finance Limited, this move could open up new revenue streams and strengthen its position in the competitive financial services landscape.