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.

RNFI Services reported a Profit After Tax (PAT) of approximately INR32.5 crore for FY26, representing a growth of around 62% over the previous year. The company’s management has projected a profitability growth range of 40% to 45% year-on-year for FY27, driven by insurance distribution, delinquent loan collection, Cash Management Services (CMS), and other emerging businesses. The disclosure was submitted to the National Stock Exchange of India Limited in compliance with Regulation 30 and Regulation 46(2)(oa) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Shift and Investments

During FY26, the company executed a strategic shift towards higher-margin verticals, which required significant investments in distribution expansion, sales teams, and infrastructure. These investments, largely expensed through the profit and loss account, impacted near-term profitability but are expected to yield returns within 6 to 12 months. Management emphasized that while working capital intensity has increased due to these new businesses, the superior margins and returns on capital offset this impact.

Business Performance and Outlook

The decline in the high-volume, low-margin Domestic Money Transfer (DMT) business affected top-line revenue by approximately INR60 crore but had a negligible impact on the bottom line. This was offset by growth in segments such as delinquent loan collections, CMS, and insurance. The company’s subsidiary, PaySprint, delivered approximately 100% year-on-year growth.

Looking ahead, the company plans to launch a mutual fund savings product for its Sahayak merchants around Q2 or Q3 of FY27. Additionally, the new UPI cash withdrawal product, launched in partnership with Jio Payment Bank, is expected to become a significant revenue driver.

Financial Metrics

The company provided an update on its Average Revenue Per User (ARPU) and capitalization details for the financial year.

Management clarified that most growth-related expenses are expensed immediately, with only specific new technology projects being capitalized.