Delphi World Money Limited has provided an updated disclosure regarding ongoing legal proceedings with Bull Value Incorporated VCC Sub-Fund. The company has informed stock exchanges about recent court developments and the continuation of existing orders while maintaining its position on jurisdictional challenges.

Latest Court Proceedings Update

The company disclosed that the matter was part-heard on December 19, 2025, before the Dwarka Court. During this hearing, several significant developments occurred that will shape the future course of the legal proceedings.

Background of Legal Dispute

The legal proceedings stem from a civil suit filed by Bull Value Incorporated VCC Sub-Fund, described as a purported bondholder of the company's ultimate parent entity. The suit challenges the company's rights issue and certain other matters before the Dwarka Court.

Delphi World Money has consistently maintained that the proceedings are without territorial, pecuniary, and subject-matter jurisdiction. The company previously clarified that Bull Value Incorporated VCC Sub-Fund holds no authority to communicate on behalf of the company and condemned unauthorized communications circulated to shareholders.

Jurisdictional Challenge and Court Directions

Following directions from the Delhi High Court requiring the jurisdiction issue to be decided first, the Dwarka Court addressed various aspects of the matter during the December 19 hearing. The court issued notice for the impleadment of SEBI as a necessary party for adjudication of the jurisdictional issue.

The proceedings remain at a preliminary stage, with the core issue of jurisdiction yet to be determined. The company emphasized that no final order has been passed, though the status quo order dated November 27, 2025, continues to remain in force until the next hearing date.

Financial Position and Business Impact

The company has stated that there is no impact on its financial, operational, or other activities, as the proceedings remain at a preliminary stage. Delphi World Money's recent financial metrics show:

Rights Issue Completion

The company has previously confirmed that its rights issue was completed in full compliance with regulatory approvals. All shares allotted to successful applications have been credited, listed, and are freely tradable. The proceeds from the rights issue have been utilized as per approved objectives.

Forward Outlook

Delphi World Money continues to pursue the matter strictly in accordance with law and has committed to making further disclosures as required under applicable regulations. The company maintains that its business operations are running as usual and remains focused on addressing what it describes as unauthorized access to investor data and misinformation.

Investors are advised to rely solely on official company disclosures and regulatory filings for accurate information regarding the ongoing legal proceedings and the company's operational status.

Delphi World Money Limited (formerly EbixCash World Money India Limited) has announced a series of significant corporate actions following a board meeting held on November 14, 2025. The company's board has approved several key measures aimed at enhancing shareholder value and improving stock liquidity.

Rights Issue Completion

The board noted the successful completion of the company's Rights Issue and confirmed that the issue proceeds have been deployed in accordance with the stated objectives. The management expressed gratitude for the overwhelming response from shareholders and investors, viewing it as a testament to their trust in the company's growth trajectory and business aspirations.

Share Split and Bonus Issue

Subject to shareholder and regulatory approvals, the board has approved the following actions to improve stock liquidity and make shares more accessible to retail investors:

1. Share Split: The face value of equity shares will be sub-divided from INR 10 to INR 2 each. This means one existing equity share of INR 10 will be split into five equity shares of INR 2 each.

2. Bonus Issue: The company plans to issue bonus shares in the ratio of 2:1, meaning shareholders will receive two new fully paid-up equity shares of INR 2 each for every one existing share held.

Increase in Authorized Share Capital

The board has also approved an increase in the company's authorized share capital from INR 30 crore to INR 50 crore, subject to shareholder approval. This increase will accommodate the proposed bonus issue and provide room for future capital raising if needed.

Key Financial Details

The following table summarizes the changes in share capital structure:

Extraordinary General Meeting

The company will convene an Extraordinary General Meeting (EGM) to seek shareholder approval for these corporate actions. The date for the EGM and the record date for the share split and bonus issue will be announced in due course.

Management Commentary

While specific management quotes were not provided, the company's actions suggest a focus on rewarding shareholders and improving stock liquidity. The successful completion of the rights issue and the proposed bonus shares indicate confidence in the company's financial position and future prospects.

These corporate actions, once approved and implemented, are expected to make Delphi World Money's shares more accessible to a broader range of investors, potentially enhancing trading volumes and shareholder participation in the company's growth story.

Investors and shareholders should note that these corporate actions are subject to necessary approvals and regulatory clearances. The company will provide further updates as the process moves forward.