Integrated Filing — IndAS



General information about company

Scrip Code 000000
NSE Symbol RNFI
MSEI Symbol NOTLISTED
ISIN INE0SA001017
Name of company RNFI Services Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 13-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 06-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 13-11-2025   14:00:00
End date and time of board meeting 13-11-2025   15:25:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 22,182.62 47,141.85
Other income 236.87 339.93
Total income 22,419.49 47,481.78
2 Expenses
(a) Cost of materials consumed 17,712.79 38,893.22
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 2,319.08 4,457.50
(e) Finance costs 47.18 112.19
(f) Depreciation, depletion and amortisation expense 350.40 781.59
(f) Other Expenses
1 Prior Period expenses 6.25 6.28
2 Other Expenses 809.48 1,268.82
Total other expenses 815.73 1,275.10
Total expenses 21,245.18 45,519.60
3 Total profit before exceptional items and tax 1,174.31 1,962.18
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,174.31 1,962.18
6 Tax expense
7 Current tax 319.02 537.71
8 Deferred tax (23.36) (31.30)
9 Total tax expenses 295.66 506.41
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 878.65 1,455.77
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 878.65 1,455.77
17 Other comprehensive income net of taxes 6.59 (1.35)
18 Total Comprehensive Income for the period 885.24 1,454.42
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 783.61 1,301.47
Total profit or loss, attributable to non-controlling interests 95.05 154.30
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 7.53 0.51
Total comprehensive income for the period attributable to owners of parent non-controlling interests (0.95) (1.86)
21 Details of equity share capital
Paid-up equity share capital 2,495.27 2,495.27
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.14 5.22
Diluted earnings (loss) per share from continuing operations 3.14 5.22
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 3.14 5.22
Diluted earnings (loss) per share from continuing and discontinued operations 3.14 5.22
24 Debt equity ratio 0.25 0.25
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) The accompanying Ind AS financial results have been reviewed by the Audit Committee in meeting held on Thursday, 13th November, 2025 and approved by the Board of Directors in their meeting held on Thursday, 13th November, 2025. These financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the other Accounting principles generally accepted in India. As required under Regulation 33 of the SEBI(LODR) Regulation, 2015, the Statutory Auditors of the Company have Issued Limited Review Report on the aforesaid Unaudited Financial Results for the Quarter & half year ended 30th September, 2025, which was also taken on record by the Audit Committee and Board at their meeting held on Thursday, 13th November, 2025. The report does not have any impact on the -aforesaid financial results which needs any explanation by the Board. RNFI Money Private Limited, a material subsidiary of RNFI Services Limited, has received approval from Reserve bank of India (RBI) for the upgradation of its existing Full-Fledged Money Changer (FFMC) licence to Authorized Dealer Category II status. This will enable RNFI Money Private Limited to strengthens digital presence in the foreign remittance market and supports scalable cross-border payment solutions. The Company has acquired 29,06,400 equity shares equivalent to 24% of the total issued and paid up share capital of M/s Payworld Digital Services Private Limited (Payworld) and its 100% subsidiary Smart Payment Solutions Private Limited on dated 3rd April 2025, in first tranch from the existing shareholders of the Payworld. Further Smart Payment Solutions Private Limited has applied for Change in Control (COC) to Reserve bank of India & the same was responded by the RBI with remarks that CoC application has not been acceded to by the RBI. Smart Payment Solutions is undertaking a review of the application to address the technical observations and will reapply to the Department of Payment and Settlement Systems upon completion of the required rectifications. Reliassure Insurance Broking Private Limited, a wholly owned subsidiary of RNFI Services Limited, has received approval from IRDAI for the the renewal of its registration under the Direct Broker (Life & General). The Company has received in-principle approval from the National Stock Exchange (NSE) on October 8, 2025, for the issuance of 107,963 equity shares of Rs. 10 each and 2,325,918 equity shares of Rs. 10 each, to be allotted pursuant to the conversion of warrants issued on a preferential basis, in accordance with Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further, the Company has also received in-principle approval for the listing of 107,963 equity shares of Rs. 10 each on November 10, 2025. Statement of Assets and Liabilities, Cash Flow Statement & Segment Result for Quarter & half year ended 30th September, 2025 is enclosed herewith. Figures pertaining to prior period have been regrouped and reclassified wherever necessary to conform to the classification adopted in the current period. The Figures for the Quarter ended September 30, 2025 and corresponding Quarter ended September 30, 2024 are the balancing figures between the Unaudited figures in respect of the First quarter and the the half year ended of the respective financial year. EPS for the respective periods have been calculated based on the weighted average number of shares outstanding for the said period. The above Ind AS financial results of the Company are available on the Company's website (www.rnfiservices.com) and also on the website of NSE (www.nseindia.com).



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 1,962.19
Capital work-in-progress
Investment property 1,622.51
Goodwill 1.95
Other intangible assets 1,804.57
Intangible assets under development 439.03
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 208.67
Trade receivables, non-current
Loans, non-current 0.00
Other non-current financial assets 1,187.67
Total non-current financial assets 1,396.34
Deferred tax assets (net) 114.47
Other non-current assets 466.21
Total non-current assets 7,807.27
2 Current assets
Inventories 944.25
Current financial asset
Current investments 0.00
Trade receivables, current 4,384.35
Cash and cash equivalents 7,894.87
Bank balance other than cash and cash equivalents 708.35
Loans, current 1,628.90
Other current financial assets 255.97
Total current financial assets 14,872.44
Current tax assets (net) 1,389.85
Other current assets 7,915.48
Total current assets 25,122.02
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 32,929.29
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,495.27
Other equity 11,021.74
Total equity attributable to owners of parent 13,517.01
Non controlling interest 395.34
Total equity 13,912.35
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1,289.13
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 13.61
Total non-current financial liabilities 1,302.74
Provisions, non-current 188.66
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities 62.71
Total non-current liabilities 1,554.11
Current liabilities
Current financial liabilities
Borrowings, current 2,157.89
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 24.70
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 391.58
Total Trade payable 416.28
Other current financial liabilities 0.30
Total current financial liabilities 2,574.47
Other current liabilities 13,647.39
Provisions, current 1,240.97
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 17,462.83
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 19,016.94
Total equity and liabilites 32,929.29
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Non Business Correspondent 6,955.43 12,750.53
2 Business Correspondent 4,021.50 7,860.80
3 Full Fledge Money changer 10,173.65 25,070.61
4 Direct Broking (Life & General Insurance) 1,032.05 1,459.92
5 Others 0.0023686 0.0033992
6 Unallocable Assets 0.00 0.00
Total Segment Revenue 22,419.49 47,481.78
Less: Inter segment revenue
Revenue from operations 22,419.49 47,481.78
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Non Business Correspondent 647.04 1,111.04
2 Business Correspondent 250.87 380.95
3 Full Fledge Money changer (23.32) 12.76
4 Direct Broking (Life & General Insurance) 110.04 229.69
5 Others 236.86 339.93
6 Unallocable Assets 0.00 0.00
Total Profit before tax 1,221.49 2,074.37
i. Finance cost 47.18 112.19
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax 1,174.31 1,962.18
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Non Business Correspondent 5,960.60 5,960.60
2 Business Correspondent 4,168.56 4,168.56
3 Full Fledge Money changer 2,022.51 2,022.51
4 Direct Broking (Life & General Insurance) 2,002.92 2,002.92
5 Others 0.00 0.00
6 Unallocable Assets 18,774.70 18,774.70
Total Segment Asset 32,929.29 32,929.29
Un-allocable Assets 0.00 0.00
Net Segment Asset 32,929.29 32,929.29
4 Segment Liabilities
Segment Liabilities
1 Non Business Correspondent 2,600.07 2,600.07
2 Business Correspondent 156.47 156.47
3 Full Fledge Money changer 620.94 620.94
4 Direct Broking (Life & General Insurance) 1,220.55 1,220.55
5 Others 0.00 0.00
6 Unallocable Assets 14,418.91 14,418.91
Total Segment Liabilities 19,016.94 19,016.94
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 19,016.94 19,016.94
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 remeasurement of the defined benefit plans 880000 -180000
Total Amount of items that will not be reclassified to profit and loss 8.80 (1.80)
2 Income tax relating to items that will not be reclassified to profit or loss 2.21 (0.45)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 6.59 (1.35)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1,962.18
Adjustments for reconcile profit (loss)
Adjustments for finance costs 102.97
Adjustments for decrease (increase) in inventories (101.29)
Adjustments for decrease (increase) in trade receivables, current (1,205.41)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (3,452.03)
Adjustments for decrease (increase) in other non-current assets (1,773.45)
Adjustments for other financial assets, non-current (862.11)
Adjustments for other financial assets, current 62.84
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 232.18
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (142.50)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 614.93
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 12.54
Adjustments for provisions, non-current 44.95
Adjustments for other financial liabilities, current (5.00)
Adjustments for other financial liabilities, non-current (7.80)
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 139.30
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 66.25
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (6,552.23)
Net cash flows from (used in) operations (4,590.05)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 457.88
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (5,047.93)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 62.34
Purchase of property, plant and equipment 980.77
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 638.27
Purchase of other long-term assets 208.67
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 139.30
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (349.53)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 954.32
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 1,870.87
Repayments of borrowings 0.00
Payments of lease liabilities 171.01
Dividends paid 0.00
Interest paid 102.97
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 166.45
Net cash flows from (used in) financing activities 2,717.66
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (2,679.80)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (2,679.80)
Cash and cash equivalents cash flow statement at beginning of period 10,574.67
Cash and cash equivalents cash flow statement at end of period 7,894.87