Emerald Finance Limited , a prominent player in the financial sector, has announced significant developments following its recent board meeting. The company's Board of Directors convened on October 15, 2025, to review and approve several important matters, including financial results and organizational changes.

Financial Results Approval

The board approved the unaudited financial results for the quarter ended September 30, 2025. These results, which include both standalone and consolidated figures, were first reviewed by the Audit Committee before receiving the board's approval.

Key Organizational Changes

Internal Auditor Transition

The company accepted the resignation of Mrs. Navneet Kaur as Internal Auditor, effective October 15, 2025. Mrs. Kaur's departure was attributed to personal reasons, and the company confirmed that no material reasons were cited for her resignation beyond those mentioned in her letter.

Stepping into the role of Internal Auditor is Ms. Shivangi Sharma, who brings a strong background in finance and accounting to the position. Ms. Sharma, who holds a Master's degree in Commerce, has been serving as a Senior Accountant within the company. Her appointment aims to ensure the continued effectiveness of internal control systems and compliance with applicable laws and regulations.

Corporate Social Responsibility Initiatives

Emerald Finance Limited has taken two significant steps towards strengthening its corporate governance and social responsibility framework:

1. Constitution of a Corporate Social Responsibility (CSR) Committee
2. Approval of the company's CSR Policy

These actions demonstrate the company's commitment to integrating social and environmental concerns into its business operations and interactions with stakeholders.

Conclusion

The board meeting, which lasted from 4:00 PM to 8:30 PM, covered a range of important topics. From financial oversight to organizational restructuring and corporate responsibility, Emerald Finance Limited appears to be taking steps to enhance its operational efficiency and corporate governance standards.

Investors and stakeholders will be observing how these changes, particularly the new internal audit leadership and CSR initiatives, may impact the company's performance and reputation in the coming quarters.

Emerald Finance Limited has announced a strategic partnership with Phantom Digital Effects Limited to introduce an Early-Wage-Access program, marking a significant step in expanding its financial service offerings.

Partnership Details

The collaboration, disclosed in a regulatory filing to the Bombay Stock Exchange (BSE), aims to provide Phantom Digital Effects employees with a flexible salary advance solution. This innovative program allows employees to access portions of their earned wages throughout the month, offering instant financial relief when needed.

Program Mechanics

• Short-Term Loans: Employees can receive part of their salaries as short-term loans.
• Repayment Method: The borrowed amounts will be repaid through salary deductions.
• Seamless Access: The program promises seamless access to funds, enhancing financial flexibility for employees.

Strategic Alignment

Amarjeet Kaur, Company Secretary cum Compliance Officer of Emerald Finance, stated in the BSE filing, "The Company, in line with its vision to expand its offerings and to serve retail customers at large, had been working on a salary advance solution." This partnership aligns perfectly with Emerald Finance's strategy to broaden its product portfolio and cater to a wider retail customer base.

Implications for Emerald Finance

1. Product Expansion: The Early-Wage-Access program represents a new addition to Emerald Finance's suite of financial products.
2. Employer Partnerships: This model involves collaborating with employers, potentially opening doors for similar partnerships in the future.
3. Retail Customer Growth: By offering salary advance solutions, Emerald Finance is positioning itself to attract and serve a broader retail customer segment.

Looking Ahead

The partnership between Emerald Finance and Phantom Digital Effects showcases an innovative approach to addressing short-term financial needs of employees. As the program rolls out, it will be interesting to observe its impact on both companies and the potential for similar collaborations in the financial services sector.

Emerald Finance Limited continues to demonstrate its commitment to financial innovation and customer-centric solutions through this strategic move.