Annual Report for FY 2025-26

RADIANTCMS/SE/AGM-AR/FY 2025-26 Date: 25.08.2026 To To Listing Department, Department of Corporate Services, National Stock Exchange of India Limited BSE Limited C-1, G-Block, Bandra - Kurla Complex Phiroze Jeejeebhoy Towers, Dalal Street, Bandra (E), Mumbai – 400 051 Mumbai – 400 001 Scrip Code: 543732, Scrip Symbol: RADIANTCMS ISIN: INE855R01021 Sub: 21st Annual General Meeting – Notice and Annual Report FY 2025-26 Dear Sir/Madam, The 21st Annual General Meeting (“AGM”) of Radiant Cash Management Services Limited (“Company”) will be held on Wednesday, 16th September 2026 at 3.00 p.m. (IST) through Video Conferencing (“VC”)/Other Audio Visual Means (“OAVM”). Pursuant to Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we are submitting herewith the Notice convening the 21st AGM and the electronic copy of the Annual Report of the Company for the Financial Year 2025-26. In accordance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India, the Notice of the AGM and the Annual Report have been sent only through electronic mode to those Members whose e-mail addresses are registered with the Company/Depositories. The AGM Notice and the Annual Report are also available on the Company's website and can be accessed here: 21st AGM Notice and Annual Report Pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended from time to time, and Regulation 44 of the Listing Regulations, Members have been provided with the facility to cast their votes electronically through remote e-voting services provided by NSDL on all the resolutions set out in the AGM Notice. The remote e-voting schedule is as follows: Particulars Date & Time (IST) Commencement of remote e-voting Saturday, 12th September 2026 at 9:00 a.m. End of remote e-voting Tuesday, 15th September 2026 at 5:00 p.m. Cut-off Date for determining voting entitlement Thursday, 10th September 2026 Members holding shares either in physical or dematerialised form as on the above Cut-off Date shall be entitled to avail the remote e-voting facility in the manner specified in the AGM Notice. This is for your information and records. Thanking you, Yours faithfully, For RADIANT CASH MANAGEMENT SERVICES LIMITED Nithin Tom Company Secretary A53056 Radiant Cash Management Services Limited Annual Report 2025-26 Strengthening Today. Scaling Tomorrow. Contents Every day, millions of transactions begin with a simple act of movement. Currency changes hands. Businesses open their doors. Merchants serve customers. Banks settle transactions. Behind this constant flow lies an ecosystem that depends 02-36 37-125 on trust, precision and resilience. It is within this movement that we have built our purpose and found Corporate Overview Statutory Reports the inspiration for this year's theme, Strengthening Today. Scaling Tomorrow. 02 Redefining Cash Logistics. 37 Notice Enabling Smarter Financial Access. 57 Board’s Report 03 FY 2025-26 in Focus For us, every step is an opportunity As India's financial landscape evolves, 75 Report on Corporate Governance to strengthen what comes next. It is the connection between physical cash 04 Chairman and Managing Director’s Message 92 Management Discussion and Analysis reflected in every route we optimise, management and digital financial services 06 Integrated Solutions. Intelligent Execution. every process we refine, every technology is becoming increasingly seamless. We 100 Business Responsibility & Sustainability Reporting platform we enhance and every new see this as an opportunity to build more 07 Diversified Revenue. Scalable Growth. market we connect. Throughout than scale. We see an opportunity to 08 The Radiant Advantage FY 2025-26, we focused on making build stronger connections, wider access every part of our business stronger, and smarter financial infrastructure. By 09 A Network That Moves India from expanding our nationwide network strengthening today, we are creating the 10 Milestones in Our Journey and deepening customer relationships capacity to scale tomorrow, enabling us to advancing our integrated financial to move with changing customer needs, 12 Powering Financial Inclusion. 126-223 services ecosystem. Each step added power financial inclusion and contribute Accelerating Digital Growth. greater resilience. Each capability to an ecosystem where growth is built on 13 Accelerating the Next Phase of Growth created greater readiness. Together, they enduring strength. Financial Statements shaped a business designed to grow with 14 Smarter Cash Collections. Instant Financial Access. confidence. 16 Radiant Valuable Logistics Standalone 17 Customer Speak 126 Independent Auditor’s Report 18 A Track Record of Financial Strength 136 Balance sheet 20 Standalone Financial Highlights 137 Statement of Profit and Loss 21 Trusted by India’s Leading Institutions 138 Statement of Cash Flows 22 Our Value Creation Framework 140 Statement of Changes in Equity 24 The Forces Shaping Our Future 142 Notes to Financial Statements 26 Technology Powering Intelligent Operations Consolidated 28 Empowering Our People. Shaping Our Future. 176 Independent Auditor’s Report 30 Creating Meaningful Impact. Enriching Lives. 182 Balance sheet 32 Board of Directors 183 Statement of Profit and Loss 35 Leadership Team 184 Statement of Cash Flows 36 Corporate Information 186 Statement of Changes in Equity 188 Notes to Financial Statements Disclaimer: Statements in this report that describe the Company’s objectives, projections, estimates, expectations or predictions of the future may be ‘forward-looking statements’ within the meaning of the applicable securities laws and regulations. The Company cautions that such statements involve risks and uncertainty and that actual results could Scan the QR differ materially from those expressed or implied. Important factors that could cause differences include raw materials’ cost or availability, cyclical demand and pricing in the Code to view this To know more about the Company please log on to Company’s principal markets, changes in government regulations, economic developments within the countries in which the Company conducts business, and other factors report online https://www.radiantcashservices.com/ relating to the Company’s operations, such as litigation, labour negotiations and fiscal regimes. Some of the images used in this report are purely for illustrative purposes only and hence they are not the photos/ images of our facilities, products or of any such nature/kind. Corporate overview Statutory Reports Financial Statements Redefining Cash Logistics. FY 2025-26 in Focus Enabling Smarter Financial Access. Strengthening Our Foundation. Radiant Cash Management Services Limited has evolved into one of India's Expanding Our Horizons. leading integrated cash logistics and retail cash management companies, built on disciplined execution, trusted partnerships and a deep understanding of the FY 2025-26 was a year of strategic consolidation and capability building for country's currency ecosystem. Every day, we facilitate the secure movement, Radiant. While the operating environment remained challenging, we continued processing and management of currency, enabling banks, financial institutions, to strengthen our core cash logistics business, deepen customer relationships and organised retailers and businesses to operate with confidence through our expand into complementary growth areas. Through upgradation in technology, extensive nationwide network. we reinforced our position as an integrated ‘phygital’ financial services platform, laying a strong foundation for sustainable long-term growth. As the financial landscape evolves, so do we. Today, our business extends beyond conventional cash logistics into techn [Showing first 8,000 characters — download PDF for full document]