Emerald Finance Limited (INE030Q01015) has announced a strategic partnership with EBIX INSURETECH Pvt Ltd to launch an Early-Wage-Access program for its employees. This innovative financial solution aims to provide instant financial relief to workers by allowing them to access a portion of their earned salaries throughout the month.

Partnership Details

The collaboration between Emerald Finance and EBIX INSURETECH, a company based in Mumbai, marks a significant step in Emerald Finance's vision to expand its offerings and serve a broader retail customer base. The Early-Wage-Access program is designed to offer short-term loans in the form of salary advances, with repayments collected through salary deductions.

Benefits for Employees

This new program addresses the growing need for flexible financial solutions in the modern workforce. By providing employees with the ability to access their earned wages before the traditional payday, Emerald Finance aims to:

• Offer immediate financial relief to employees facing unexpected expenses
• Reduce financial stress and improve overall employee well-being
• Provide a more flexible and employee-friendly approach to compensation

Strategic Expansion

Amarjeet Kaur, Company Secretary cum Compliance Officer of Emerald Finance Limited, stated in the company's disclosure to the BSE, "This partnership aligns with our vision to expand our offerings and to serve retail customers at large. We had been working on a salary advance solution, and this product entails tying up with employers to offer short-term loans as salary advances."

Regulatory Compliance

The partnership announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures transparency and keeps shareholders and the market informed about significant developments within the company.

Looking Ahead

As financial technology continues to evolve, Emerald Finance's move into the Early-Wage-Access space demonstrates the company's commitment to innovation and meeting the changing needs of both employers and employees. This partnership could potentially open new revenue streams for Emerald Finance while providing valuable financial flexibility to workers.

The implementation of this program may be closely watched by industry observers, as it could set a precedent for similar initiatives in the financial services sector, particularly in the realm of employee benefits and financial wellness programs.

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.