Emerald Finance Limited has announced a new strategic partnership with Dharam Chand Dwarka Das Agarwal, Kanpur Uttar Pradesh, to launch its Early-Wage-Access program for employees. The company disclosed this development on February 09, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Latest Partnership Details

The collaboration with Dharam Chand Dwarka Das Agarwal represents the company's continued expansion of its Early-Wage-Access program across different regions. This partnership follows the company's earlier announcement of a similar collaboration with Aruna Enterprises in Haryana, demonstrating the growing adoption of the program.

Program Structure and Implementation

The Early-Wage-Access program provides instant financial relief to employees by allowing them to access portions of their earned salaries seamlessly throughout the month. The program operates through a structured short-term lending mechanism where employees can obtain salary advances as needed, with repayment facilitated through salary deductions.

This solution addresses immediate financial requirements of workers while maintaining a systematic collection process. The company has designed this offering to serve as a financial bridge between paydays, enabling employees to manage their monetary needs more effectively throughout the month.

Strategic Expansion Initiative

This partnership aligns with Emerald Finance Limited's strategic vision to expand its service offerings and serve retail customers on a larger scale. The company has been actively developing salary advance solutions as part of its growth strategy in the financial services sector.

The initiative involves establishing partnerships with various employers across different regions to offer structured short-term loans as salary advances. This approach enables the company to penetrate the employee benefits market while providing valuable financial services to working professionals across multiple locations.

Regulatory Compliance and Documentation

The announcement was formally disclosed to BSE Limited, maintaining the company's commitment to transparency and regulatory compliance. The disclosure was signed by Amarjeet Kaur, Company Secretary cum Compliance Officer (Membership No.: F13755), ensuring proper adherence to listing obligations and disclosure requirements under SEBI regulations.

Emerald Finance Limited has submitted the complete transcript of its Q3 and 9M FY26 results conference call held on January 29, 2026, to BSE Limited on February 2, 2026. The submission was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following the company's earlier communication regarding the investor conference call.

Strong Financial Performance for Nine Months

The company delivered robust financial results for the first nine months of FY26, demonstrating significant growth across key metrics. On a standalone basis, total income grew by 68% while net profit surged by 104% to ₹8.7 crores. The consolidated performance was equally impressive, with total income increasing by 42% to ₹21.4 crores and net profit growing by 73% to ₹10.7 crores.

Business Expansion and Digital Initiatives

Emerald Finance has made significant operational progress across its three business verticals - EWA (Earned Wage Access), gold loan syndication, and MSME lending. The company launched its mobile application and became one of the few finance companies in India to enable loan disbursement via WhatsApp. In December alone, the company syndicated over ₹105 crores in gold loans, demonstrating strong momentum in its fee-based business.

Credit Rating Upgrade and Growth Metrics

CRISIL upgraded the company's investment grade rating to BBB- from BBB+, which is expected to help reduce funding costs and improve access to capital. The company currently operates with 180 corporate clients for its EWA business, with 150 being active. Monthly EWA disbursements have reached ₹8 crores, with projections to achieve ₹11.5-12 crores by March 2026.

Asset Quality and Risk Management

The company maintained strong asset quality with historical NPA levels below 0.4-0.5%. During Q3, the company reported ₹26 lakhs in NPA from one corporate client facing temporary liquidity issues, of which ₹17 lakhs has already been recovered. Management emphasized their conservative approach to credit underwriting, particularly given current market conditions.

Regulatory Compliance and Transparency

The transcript submission follows regulatory requirements and includes confirmation that no unpublished price sensitive information was shared during the investor call. The complete transcript is available on the company's website, ensuring transparency for all stakeholders. The document was signed by Amarjeet Kaur, Company Secretary cum Compliance Officer, maintaining proper corporate governance standards.