RNFI Services Unveils Audited Financial Results for FY 2026; Approves Major Equity Allotments

RNFI Services Unveils Audited Financial Results for FY 2026; Approves Major Equity Allotments​

RNFI Services Limited announced the approval of its audited financial results for the Fourth Quarter and the full Financial Year ended March 31, 2026. The company's Board of Directors also considered and approved key corporate actions, including the introduction of a new Employee Stock Option Plan and the allotment of equity shares through the conversion of warrants.

The Board Meeting for the period was held on May 30, 2026. The approved results cover both Standalone and Consolidated accounts.

Financial Performance Review (FY Ended March 31, 2026)​

The company reported significant financial figures for the fiscal year ending March 31, 2026. Based on the audited consolidated statements, the financial performance highlights are as follows:


For the quarter ended March 31, 2026, the total revenue from operations stood at 24,058.05 Lakhs, representing a significant period-on-period increase.

Key Corporate Actions Approved​

During the board meeting, management approved several material corporate actions for the company:

1. Employee Stock Option Scheme: The board approved the formulation of the "Employee Stock Option Plan 2026." This plan allows for the potential grant of up to 27,84,517 equity shares, subject to the approval of the shareholders at the ensuing general meeting.
2. Warrant Conversion: The board approved the allotment of equity shares upon the conversion of warrants into equity shares.
3. Auditor Re-appointment: M/s. Deepanshu & Co. was re-appointed as the Internal Auditor of RNFI Services Limited for the financial year 2026-27.

Utilization of Fundraising Proceeds​

The company provided details regarding the utilization of funds raised through two major corporate actions: the Initial Public Offering (IPO) and a Preferential Issue.

IPO Proceeds Utilization:
The IPO proceeds, totaling 6049.04 Lakhs (net of issue expense) for the year ended March 31, 2026, were utilized across several strategic objectives. Key utilization amounts included:

• Funding the Working Capital requirements: 2,500 Lakhs
• Funding Capital expenditure for Micro ATMs/laptops/Server: 797.84 Lakhs
• Strengthening technology infrastructure: 420 Lakhs
• Achieving through inorganic growth and strategic initiatives: 1,049.56 Lakhs

Preferential Issue Proceeds Utilization:
The funds from the Preferential Issue of Convertible Warrants & Equity Shares, totaling 1861.49 Lakhs, were utilized for:

• Strategic business Opportunities, facilitation the growth and expansion of the Company and its Subsidiaries: 402.70 Lakhs
• Acquisition and General Corporate Purposes: Nil

Subsidiary and Licensing Updates​

RNFI Services Limited also announced updates regarding its subsidiaries and licensing, emphasizing expansion across different sectors:

• Foreign Remittance: RNFI Money Private Limited received RBI approval for upgrading its Full-Fledged Money Changer (FFMC) licence to Authorized Dealer Category II status, allowing the company to strengthen its digital presence in the foreign remittance market.
• Insurance Broking: Reliassure Insurance Broking Private Limited, a wholly owned subsidiary, received IRDAl approval for the renewal of its Direct Broking License and the expansion of five new branches.
• New Subsidiary: The company incorporated a wholly owned subsidiary, "RNFI Asset Distribution Private Limited," dedicated to mutual fund distribution, aimed at leveraging the existing agent network.

RNFI Stock Price Movement​

On Friday, RNFI Services Limited shares slipped by 4.38% to settle at ₹278.7, falling from the previous close of ₹290. The stock saw significant activity, trading on a volume of 43,200 shares during the session.