Radiant Cash Management Services Limited has issued a corporate guarantee of ₹12 crores for its subsidiary company to secure banking credit facilities. The guarantee was issued on March 10, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations.

Corporate Guarantee Details

The company has provided the corporate guarantee on behalf of Aceware Fintech Services Private Limited, its subsidiary company, to secure credit facilities from The Federal Bank Limited. The guarantee covers an aggregate amount of ₹12,00,00,000 (Rupees One Hundred and Twenty Million only).

Regulatory Compliance and Disclosure

The corporate guarantee issuance follows the outcome of a board meeting referenced in the company's communication dated February 11, 2026. The transaction has been structured to comply with applicable provisions of the Companies Act, 2013, and SEBI Listing Regulations.

The guarantee is issued on an arm's length basis, with promoters and promoter group having interest only to the extent of equity shares held as registered owners and directorships held in the subsidiary as nominee directors representing the company.

Financial Impact

The corporate guarantee will have specific accounting implications for the listed entity:

• Standalone Financial Statements: The corporate guarantee will be disclosed as a contingent liability
• Consolidated Financial Statements: Actual borrowings by Aceware Fintech Services from The Federal Bank Limited will be recorded as borrowings

This structure ensures proper financial reporting and transparency in accordance with accounting standards and regulatory requirements. The guarantee enables the subsidiary to access necessary credit facilities while maintaining compliance with listing obligations and disclosure norms.

Radiant Cash Management Services Limited has announced a postal ballot notice for seeking shareholder approval on material related party transactions with Radiant Protection Force Private Limited (RPF). The notice, dated February 11, 2026, outlines significant business arrangements that are integral to the company's cash-in-transit and valuables logistics operations.

Proposed Transaction Details

The company seeks approval for transactions with RPF across three categories of services over a three-year period. These arrangements are essential for maintaining operational continuity and regulatory compliance in the high-risk cash logistics sector.

The cumulative value of these transactions amounts to ₹4,850 million over the three-year period, representing 30%, 38%, and 47% of the company's annual consolidated turnover for FY 2026-27, FY 2027-28, and FY 2028-29 respectively.

E-Voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process, conducted entirely through remote electronic voting in compliance with Ministry of Corporate Affairs circulars.

National Securities Depository Limited (NSDL) has been engaged to provide the remote e-voting facility, with Mr. S Sandeep of S Sandeep & Associates appointed as the scrutinizer for the process.

Business Rationale and Relationship

RPF serves as a critical service provider for Radiant Cash Management Services, offering specialized security services and armoured vehicle fleet management essential for cash-in-transit operations. The related party relationship exists through common directorship and promoter control, with Col. David Devasahayam, Dr. Renuka David, and Mr. Alexander David serving as common directors.

The security services encompass armed guards, drivers, and security personnel necessary for cash logistics operations, while fleet management involves leasing armoured cash vans compliant with RBI guidelines. Both service categories operate on a cost-plus model with margins of 9% to 10%.

Historical Transaction Performance

The company has maintained ongoing business relationships with RPF, with historical transaction values demonstrating the operational significance of these arrangements.

Regulatory Compliance and Approval Process

The proposed transactions require shareholder approval under Regulation 23(4) of SEBI Listing Regulations, as they exceed the materiality threshold of 10% of annual consolidated turnover. The Audit Committee and Board of Directors approved these arrangements on February 11, 2026, following review of an independent arm's length pricing study conducted by a chartered accountant firm.

The arrangements ensure operational continuity, regulatory compliance with RBI guidelines, and maintain service quality standards essential for the company's specialized cash logistics operations. Members eligible to vote are those whose names appear in the register as of the cut-off date, with voting rights proportional to their shareholding.