Radiant Cash Management Services Expands Into Digital Payments Through MOA Amendment

Radiant Cash Management Services Limited shareholders approved amendments to the company's Memorandum of Association through a Special Resolution on December 08, 2025, adding new business objects related to payment aggregator and payment gateway services. The amendments enable the company to expand beyond physical cash logistics into digital payments ecosystem, creating a phygital platform that integrates cash management and digital payment processing, subject to regulatory approvals from RBI and other authorities.

Radiant Cash Management Services Seeks Shareholder Approval to Expand into Digital Payment Services

Radiant Cash Management Services Limited has issued a postal ballot notice seeking shareholder approval to alter its Memorandum of Association to include payment aggregator and payment gateway business activities. The company proposes to add three new object clauses that would enable it to provide online and offline payment systems, facilitate business payments and settlements, and establish integrated platforms for web and mobile payment technologies. The remote e-voting period runs from November 9, 2025, to December 8, 2025, with results to be announced by December 10, 2025. The company aims to integrate digital payment solutions with its existing physical cash logistics infrastructure to create a comprehensive platform for customers. The proposal requires approval through a special resolution via postal ballot process.

Radiant Cash Management Services Reports Mixed Quarterly Results and Approves Payment Aggregator Business Entry

Radiant Cash Management Services Limited's Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. The company reported standalone revenue of Rs 1,039.87 million for the quarter compared to Rs 1,004.20 million in the previous quarter, with profit after tax of Rs 96.49 million versus Rs 73.41 million. For the six-month period, standalone revenue reached Rs 2,044.07 million with profit after tax of Rs 169.90 million. The Board also approved entering the Payment Aggregator Business, subject to obtaining necessary approvals and licenses from the Reserve Bank of India and other regulatory authorities. The company plans to invest approximately Rs 30 million in this new venture to enhance digital service offerings and expand its phygital payments ecosystem. Additionally, the Board approved amendments to the Memorandum of Association to include payment aggregator and digital payment solutions in its main object clauses, subject to shareholder approval through postal ballot.