| Scrip Code | 533452 |
|---|---|
| NSE Symbol | DELPHIFX |
| MSEI Symbol | NOTLISTED |
| ISIN | INE726L01027 |
| Name of company | DELPHI WORLD MONEY LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2026 |
| Date of end of financial year | 31-03-2027 |
| Date of board meeting when results were approved | 11-11-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 11-11-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | First 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 | |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 11-11-2026 17:30:00 |
| End date and time of board meeting | 11-11-2026 18:30:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| 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 | 01-04-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-06-2026 | 30-06-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 5,127.90 | 5,127.90 | |
| Other income | 1,582.20 | 1,582.20 | |
| Total income | 6,710.10 | 6,710.10 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 0.00 | 0.00 |
| (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 | 1,841.10 | 1,841.10 |
| (e) | Finance costs | 582.50 | 582.50 |
| (f) | Depreciation, depletion and amortisation expense | 210.70 | 210.70 |
| (f) | Other Expenses | ||
| 1 | Rent | 111.00 | 111.00 |
| 2 | Provision for Expected Credit Loss | 54.60 | 54.60 |
| 3 | CSR Expenses | 25.60 | 25.60 |
| 4 | Legal and professional charges | 194.10 | 194.10 |
| 5 | Agency commission / incentives | 2,746.10 | 2,746.10 |
| 6 | Telephone, Internet, and Coruier Expenses | 20.20 | 20.20 |
| 7 | Travelling and Conveyance | 67.70 | 67.70 |
| 8 | Insurance | 9.90 | 9.90 |
| 9 | Repairs and maintenance-others | 55.50 | 55.50 |
| 10 | Miscellaneous expenses | 865.80 | 865.80 |
| Total other expenses | 4,150.50 | 4,150.50 | |
| Total expenses | 6,784.80 | 6,784.80 | |
| 3 | Total profit before exceptional items and tax | (74.70) | (74.70) |
| 4 | Exceptional items | (2,942.20) | (2,942.20) |
| 5 | Total profit before tax | (3,016.90) | (3,016.90) |
| 6 | Tax expense | ||
| 7 | Current tax | 42.40 | 42.40 |
| 8 | Deferred tax | 3.60 | 3.60 |
| 9 | Total tax expenses | 46.00 | 46.00 |
| 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 | (3,062.90) | (3,062.90) |
| 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 | (3,062.90) | (3,062.90) |
| 17 | Other comprehensive income net of taxes | (225.80) | (225.80) |
| 18 | Total Comprehensive Income for the period | (3,288.70) | (3,288.70) |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | (1,283.40) | (1,283.40) | |
| Total profit or loss, attributable to non-controlling interests | (1,779.50) | (1,779.50) | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | (73.90) | (73.90) | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | (151.90) | (151.90) | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 4,905.40 | 4,905.40 | |
| Face value of equity share capital | 2 | 2 | |
| 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 | -0.52 | -0.52 | |
| Diluted earnings (loss) per share from continuing operations | -0.52 | -0.52 | |
| 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 | -0.52 | -0.52 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -0.52 | -0.52 | |
| 24 | Debt equity ratio | 87.4400 | 87.4400 |
| 25 | Debt service coverage ratio | 0 | 0 |
| 26 | Interest service coverage ratio | 0 | 0 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1).The above unaudited consolidated financial results of Delphi World Money Limited (the 'Holding Company') and its subsidiaries (together, the 'Group') for the quarter ended June 30, 2026 (the 'Statement') have been reviewed by the Audit Committee and approved by the Board of Directors of the Holding Company at their meetings held on November 06, 2026. The statutory auditors have carried out a limited review of the Statement and have issued a qualified review conclusion. 2).Basis of preparation The Statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015, as amended (Ind AS), including Ind AS 34 – Interim Financial Reporting, as prescribed under Section 133 of the Companies Act 2013 (the 'Act') read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and the other recognised accounting practices and policies to the extent applicable and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Listing Regulations). The Statement includes the results of the Holding Company, its subsidiary Ebix Travels Private Limited ('ETPL') and ETPL's subsidiaries, Via Philippines Travel Corporation, PT Adya Tours (Indonesia), Ebix Travels Middle East FZ LLC (Dubai), Flight Raja Travels Singapore Pte Ltd and Ebix Cabs Private Limited. 3).Corresponding figures The results for the quarter ended March 31, 2026 are the balancing figures between audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year to date figures up to the third quarter of that financial year. The Holding Company obtained control of ETPL with effect from September 1, 2025; accordingly, the consolidated figures for the quarter ended June 30, 2025 comprise the results of the Holding Company only and are not comparable with those for the current quarter. 4).Segment Reporting The Group has evaluated its operating segments in accordance with Ind AS 108 on the basis of the decisions taken for the allocation of resources by the Chief Operating Decision Makers (CODM) and the internal business reporting system, and has concluded that it is engaged in two operating segments viz. (i) Foreign Exchange, Money Transfer and Payment services and (ii) Travel Services. Segment information is given below: Please Refer Sheet:- Segment. 5).Proceedings under FEMA The Enforcement Directorate (ED) has levied a monetary penalty of Rs.329.07 million on the Holding Company and Rs.35.20 million on its Principal Officer for alleged non-compliance with certain provisions of the Foreign Exchange Management Act, 1999 (“FEMA”). Aggrieved by the adjudication orders, the Holding Company has filed appeals before the Hon’ble Appellate Tribunal under the applicable Act, contesting the said penalties. Pursuant to the directions of the Hon’ble Appellate Tribunal, the Holding Company has deposited 15% of the penalty amount as a precondition for hearing. The appeals are currently pending, and the matters have been listed for further proceedings. These proceedings relate to the period prior to the acquisition of the Holding Company by EbixCash World Money Limited (its holding company) under the Share Purchase Agreement dated December 31, 2018. The Holding Company believes it has substantial grounds to challenge the adjudication orders. Further, under the terms of the Share Purchase Agreement, any potential liability arising from these matters is covered by indemnities provided by the erstwhile Promoters. In view of the pending Appellate adjudication and the indemnity protection available, no provision has been made in the Statement in respect of the said penalties. 6).Investment in ETPL, goodwill and related litigation a).Management control on ETPL; Further subscription through Rights Issue During the previous year ended March 31, 2026, inter-corporate deposits aggregating Rs.1,711.89 million, including accrued interest, were converted into 30,569,464 equity shares of ETPL at Rs.56 per share. Pursuant to a Shareholders’ Agreement, the Holding Company obtained management and operating control over ETPL with effect from September 1, 2025, and ETPL became a subsidiary. The Holding Company subsequently subscribed to a further 14,464,285 equity shares of ETPL at Rs.56 per share for Rs.810.00 million funded from the Rights Issue proceeds. Accordingly, as at June 30, 2026, the Holding Company holds 45,033,749 equity shares, representing 43.23% of ETPL’s paid-up equity share capital. There was no change in the Holding Company’s shareholding in ETPL during the quarter. b).Impairment of goodwill As at March 31, 2026, the Group carried goodwill of Rs.392.24 million relating to ETPL and its subsidiaries, comprising Rs.294.22 million recorded in ETPL's books on the business transfers of 2018 (Business Travel Group and Pearl International Tour & Travel) and Rs.98.02 million arising on consolidation. During the quarter, ETPL realigned its business towards profitable projects, and the travel businesses acquired under those business transfers are no longer expected to generate the cash flows that supported that goodwill. ETPL has accordingly recognised an impairment loss of Rs.294.22 million, being the entire carrying amount of that goodwill, which has been presented as an exceptional item in the Statement. The impairment loss has been attributed between the owners of the Holding Company and non-controlling interests in the same proportion as ETPL's profit or loss, being Rs.127.19 million to the owners and Rs.167.03 million to non-controlling interests. The impairment loss will not be reversed in a later period. The remaining goodwill of Rs.98.02 million relates to ETPL's subsidiaries. The recoverable amount of the ETPL group as at June 30, 2026, determined on the basis of value in use from the independent valuation as at March 31, 2026 updated to that date, exceeds its carrying amount, and no further impairment is required. In its standalone financial results, the Holding Company has recognised an impairment loss of Rs.127.19 million on its investment in ETPL, being its proportionate share of the goodwill written off by ETPL. The investment and that impairment loss are eliminated on consolidation. c).Litigation Relating to the Rights Issue and Transfer of Management Control of ETPL During the previous financial year, a Commercial Suit has been filed on November 14, 2025 by Bull Value Incorporated VCC Sub-Fund before the District Judge (Commercial Court), Dwarka, Delhi, against the Holding Company, Ebix Limited (formerly Eraaya Lifespaces Limited), the ultimate holding company, and certain other parties, inter alia, challenging (i) the change in shareholding and management control of ETPL and (ii) the Rights Issue undertaken by the Holding Company (refer Note 10), along with certain related corporate actions. The plaintiff has alleged breach of certain covenants under a Foreign Currency Convertible Bond (FCCB) Offering Circular issued by Eraaya Lifespaces Limited. The Holding Company has been impleaded in the proceedings in connection with the aforesaid transactions. Vide an interim order dated November 27, 2025, the Hon’ble Court has directed the parties to maintain status quo in respect of the subject matter of the suit. By order dated June 01, 2026, the Court allowed the application of defendant no. 1 for deletion from the array. Consequent to such deletion, the Court returned the plaint and all accompanying applications for want of territorial jurisdiction and vacated the status-quo directions dated November 27, 2025. The Court also recorded that the plaintiff had not filed the bond-title documents, as directed. The return of the plaint was procedural and did not constitute adjudication of the substantive allegations against the Holding Company, ETPL or Eraaya on merits. Based on the records presently available, no operative restraint arising from the said suit existed as at June 30, 2026. The Holding Company continues to monitor any appeal, representation or related proceeding and has disclosed the matter as a contingent legal matter; the consequential financial effect, if any, is not presently ascertainable. The Statement has been prepared considering the shareholding pattern (post Rights Issue), management control and capital structure as existing as at the reporting date. 7).Proceedings under the PMLA concerning the Ebix group The Directorate of Enforcement (ED), Raipur Zonal Office, has, by Provisional Attachment Order (“PAO”/ “Order”) No. 16/2026 dated June 5, 2026 under section 5(1) of the Prevention of Money-laundering Act, 2002 (PMLA), provisionally attached, inter alia, 74.86% of the investment of Ebix Limited (formerly Eraaya Lifespaces Limited) in Ebix Inc., USA, amounting to Rs.8,930.30 million, and certain other assets of persons named in the Order. Ebix Limited is the ultimate holding company and Ebix Inc. is an intermediate holding company of the Holding Company. The Order also contains restrictions concerning alienation, sale, transfer, modification or creation of any lien or charge over assets and investments of Ebix Inc., USA and its subsidiaries. Management believes that the proceedings principally relate to the ultimate holding company's investment in Ebix Inc., USA, and that the Holding Company and ETPL, being indirect subsidiaries of Ebix Inc., are neither independently named as accused nor subject to any separate attachment order in respect of their own assets. The ED's complaint for confirmation of the attachment is pending before the Adjudicating Authority under the PMLA. Further, ETPL has outstanding inter-corporate deposit (ICD) receivables of Rs.26.56 million with Ebix Limited and Rs.448.69 million with Advik Capital Limited as at June 30, 2026. Management confirms that these balances represent transactions recorded in the ordinary course of business and that their accounting treatment and recoverability are assessed independently in accordance with applicable accounting standards. Further, the ICD balance of Rs.26.56 million with Ebix Limited has been fully settled subsequent to the quarter ended June 30, 2026. Management maintains that the Group's funds and transactions are not connected with any alleged proceeds of crime forming the subject matter of the proceedings. Based on management's assessment of the PAO, the nature of the underlying proceedings and the information presently available, no material adverse impact is presently envisaged on the Group's financial position, carrying value or classification of assets and liabilities, business operations, going concern status or ability to discharge its financial obligations. Accordingly, management does not consider any additional accounting adjustment or provision necessary in the Statement for the quarter ended June 30, 2026, on account of the PAO. The matter remains subject to further legal proceedings, and management will continue to monitor developments and evaluate any consequential financial reporting or disclosure requirements under applicable accounting standards and regulatory provisions. 8).Intimation by the previous statutory auditors of ETPL under section 143(12) The previous statutory auditors of ETPL, M/s K G Somani & Co LLP, vide their communication dated September 29, 2026, issued an intimation under Section 143(12) of the Companies Act, 2013, read with Rule 13 of the Companies (Audit and Auditors) Rules, 2014, raising certain concerns regarding the aforesaid Order and the rationale for inter-company fund movements. ETPL’s Board of Directors has examined the matter and prepared a detailed response, disputing the concerns raised and denying any wrongdoing by ETPL or its officers and employees. ETPL’s management maintains that all ICD transactions were undertaken pursuant to duly approved arrangements, recorded in the books of account and appropriately disclosed in the financial statements. ETPL’s management believes that ETPL is not directly implicated in the said Order and that no assets or bank accounts of ETPL have been provisionally attached under the Order. Further, ETPL's funds have no identified nexus with the alleged proceeds of crime referred to in the said proceedings. Based on the information presently available, legal advice obtained and ETPL management's assessment, ETPL’s Board does not foresee any material adverse impact of the aforesaid matters on the financial position or results for the quarter ended June 30, 2026. Accordingly, subject to the assessment of recoverability of outstanding financial assets, no separate provision or adjustment has been considered necessary solely on account of these proceedings. The matters remain subject to the applicable statutory processes, and ETPL will continue to monitor developments and evaluate their financial implications, if any. 9).Contingent liability – stamp duty (ETPL) ETPL has received a notice dated September 30, 2026 from the Collector of Stamps (HQ), Government of NCT of Delhi, for adjudication of stamp duty on the scheme of merger / amalgamation. [Management to state the amount demanded or estimated, the status of the hearing and its assessment under Ind AS 37.] 10).Earnings per share The Holding Company completed a rights issue on November 7, 2025, a sub-division of equity shares from Rs.10 to Rs.2 each (effective February 13, 2026) and a bonus issue in the ratio 2:1 (effective February 14, 2026). In accordance with Ind AS 33, the weighted average number of shares for all periods presented has been adjusted retrospectively, including the bonus element of the rights issue. The face value of equity shares is Rs.2 each. Earnings per share for the year ended March 31, 2026 has been corrected to Rs.0.21 (previously reported Rs.0.16) so as to be computed on the profit attributable to owners of the Holding Company, as required by Ind AS 33. 11).Publication The Statement will be available on the Holding Company's website www.indiaforexonline.com and on the websites of BSE Limited and National Stock Exchange of India Limited. 12).Previous period figures Previous period figures have been regrouped or reclassified wherever necessary to conform to the current period's classification. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | N.A |
| Interest service coverage ratio | N.A |
| 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 | 01-04-2026 | 01-04-2026 | |||||
| Date of end of reporting period | 30-06-2026 | 30-06-2026 | |||||
| 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 | Foreign Exchange, Money Transfer and Payment services | 0.009677 | 0.009677 | ||||
| 2 | Travel Services | 4,160.20 | 4,160.20 | ||||
| Total Segment Revenue | 5,127.90 | 5,127.90 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Revenue from operations | 5,127.90 | 5,127.90 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Foreign Exchange, Money Transfer and Payment services | 261.90 | 261.90 | ||||
| 2 | Travel Services | (185.10) | (185.10) | ||||
| Total Profit before tax | 76.80 | 76.80 | |||||
| i. Finance cost | 582.50 | 582.50 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 2,511.20 | 2,511.20 | |||||
| Profit before tax | (3,016.90) | (3,016.90) | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Foreign Exchange, Money Transfer and Payment services | 36,193.40 | 36,193.40 | ||||
| 2 | Travel Services | 25,473.10 | 25,473.10 | ||||
| Total Segment Asset | 61,666.50 | 61,666.50 | |||||
| Un-allocable Assets | 0.00 | 0.00 | |||||
| Net Segment Asset | 61,666.50 | 61,666.50 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Foreign Exchange, Money Transfer and Payment services | 36,193.40 | 36,193.40 | ||||
| 2 | Travel Services | 25,473.10 | 25,473.10 | ||||
| Total Segment Liabilities | 61,666.50 | 61,666.50 | |||||
| Un-allocable Liabilities | 0.00 | 0.00 | |||||
| Net Segment Liabilities | 61,666.50 | 61,666.50 | |||||
| Disclosure of notes on segments | |||||||
| 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 | 01-04-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-06-2026 | 30-06-2026 |
| 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 | ||
| Total Amount of items that will not be reclassified to profit and loss | |||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | ||
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | (i) Exchange Difference | (225.80) | (225.80) |
| Total Amount of items that will be reclassified to profit and loss | (225.80) | ||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (225.80) | (225.80) |
| Whether results are audited or unaudited | Unaudited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Auditor's opinion | Qualified opinion |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | TR Chadha & Co. LLP | Yes | 30-09-2028 | ||
|---|---|---|---|---|---|
| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 6,710.10 | 6,710.10 |
| 2 | Total Expenditure | 9,727.00 | 9,727.00 |
| 3 | Net Profit/(Loss) | (3,062.90) | (3,062.90) |
| 4 | Earnings Per Share | -0.52 | -0.52 |
| 5 | Total Assets | 61,666.50 | 61,666.50 |
| 6 | Total Liabilities | 51,896.10 | 51,896.10 |
| 7 | Net Worth | 9,770.40 | 9,770.40 |
| Sr. | Details of Audit Qualification | Type of Audit Qualification | Frequency of qualification | For Audit Qualification(s) where the impact is quantified by the auditor | For Audit Qualification(s) where the impact is not quantified by the auditor | ||
|---|---|---|---|---|---|---|---|
| Management's Views | (i) Management's estimation on the impact of audit qualification | (ii) If management is unable to estimate the impact, reasons for the same | Auditors' Comments on (i) or (ii) above | ||||
| 1 | Textual Information(1) | Qualified opinion | Whether appeared first time | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| 2 | Textual Information(6) | Qualified opinion | Repetitive | Textual Information(7) | Textual Information(8) | Textual Information(9) | Textual Information(10) |
| Textual Information(1) | 1. Proceedings under the PMLA concerning the Ebix group: The Directorate of Enforcement (ED), Raipur Zonal Office, has, by Provisional Attachment Order ('PAO’ & 'the Order') No. 16/2026 dated June 05, 2026 under section 5(1) of the Prevention of Money-laundering Act, 2002 (PMLA), provisionally attached, inter alia, 74.86% of the investment of Ebix Limited (formerly Eraaya Lifespaces Limited), the ultimate holding company of the Holding Company, i.e. Ebix Inc., USA, an intermediate holding company of the Holding Company, amounting to Rs.8,930.30 million, and certain other assets of persons named in the Order. The Order also contains restrictions concerning alienation, sale, transfer, modification or creation of any lien or charge over assets and investments of Ebix Inc. and its subsidiaries, which include the Holding Company and its subsidiary Ebix Travels Private Limited ('ETPL'), to the extent of Rs.8,930.30 million. The ED's complaint for confirmation of the attachment is pending before the Adjudicating Authority under the PMLA. Since the Holding Company and ETPL are step-down subsidiaries of Ebix Inc., the proceedings initiated through the Order (if it attains finality) may affect the carrying amount, classification and disclosure of the Group's assets and liabilities, the Group's ability to continue its operations and meet its obligations, its compliance with loan covenants, and its compliance with laws and regulations. |
|---|---|
| Textual Information(2) | The Directorate of Enforcement (ED), Raipur Zonal Office, has, by Provisional Attachment Order (“PAO”/ “Order”) No. 16/2026 dated June 05, 2026 under section 5(1) of the Prevention of Money-laundering Act, 2002 (PMLA), provisionally attached, inter alia, 74.86% of the investment of Ebix Limited (formerly Eraaya Lifespaces Limited), the ultimate holding company of DWML, in Ebix Inc., USA, an intermediate holding company of DWML, amounting to Rs.8,930.30 million, and certain other assets of persons named in the Order. The Order also contains restrictions concerning alienation, sale, transfer, modification or creation of any lien or charge over assets and investments of Ebix Inc. and its subsidiaries, which include DWML and its subsidiary Ebix Travels Private Limited (‘ETPL’), to the extent of Rs.8,930.30 million. The ED's complaint for confirmation of the attachment is pending before the Adjudicating Authority under the PMLA. Further the Provisional Attachment order does not named company as party and management believe that the same will not impact company financial positions. |
| Textual Information(3) | The Directorate of Enforcement (ED), Raipur Zonal Office, has, by Provisional Attachment Order (“PAO”/ “Order”) No. 16/2026 dated June 05, 2026 under section 5(1) of the Prevention of Money-laundering Act, 2002 (PMLA), provisionally attached, inter alia, 74.86% of the investment of Ebix Limited (formerly Eraaya Lifespaces Limited), the ultimate holding company of DWML, in Ebix Inc., USA, an intermediate holding company of DWML, amounting to Rs.8,930.30 million, and certain other assets of persons named in the Order. The Order also contains restrictions concerning alienation, sale, transfer, modification or creation of any lien or charge over assets and investments of Ebix Inc. and its subsidiaries, which include DWML and its subsidiary Ebix Travels Private Limited (‘ETPL’), to the extent of Rs.8,930.30 million. The ED's complaint for confirmation of the attachment is pending before the Adjudicating Authority under the PMLA. Further the Provisional Attachment order does not named company as party and management believe that the same will not impact company financial positions. |
| Textual Information(4) | Not Applicable |
| Textual Information(5) | Not Applicable |
| Textual Information(6) | 2. Inter-corporate deposits placed by ETPL: We refer to Note 7 to the Statement and to the review report dated November 05, 2026, issued by the auditor of ETPL, wherein a qualification has been expressed in respect of inter-corporate deposits ('ICDs') given by ETPL. During the quarter ended June 30, 2026, ETPL entered into a related party transaction by extending ICDs to Advik Capital Limited ('Advik') of various amounts, the maximum outstanding of which during the quarter ended was Rs. 463.69 million and with a closing balance of Rs.448.69 million as at June 30, 2026,, despite having substantial outstanding statutory dues, negative current asset/current liabilities ratio and negative net worth as at that date. Advik is also named in the Order. The aforesaid ICDs exceed the materiality threshold of 10% of the Holding Company's annual consolidated turnover under Regulation 23(1) read with Schedule XII of the Listing Regulations. In case of such material related party transactions, the approval of the Holding Company's Audit Committee under Regulation 23(2) and the prior approval of the Holding Company's shareholders under Regulation 23(4) are required, which were not obtained. In the absence of sufficient appropriate evidence regarding the business rationale, regulatory compliance and potential consequential implications, we are unable to determine the impact on the Group including whether any adjustments may be necessary to the Statement. Further, our audit report dated May 28, 2026 on the consolidated financial results for the quarter and year ended March 31, 2026, was qualified in respect of ICDs placed by ETPL with Ebix Limited. As at June 30, 2026, Rs.26.56 million of those ICDs was outstanding. Our conclusion on the figures for the quarter and year ended March 31, 2026 included in the Statement is modified accordingly. |
| Textual Information(7) | ETPL, a subsidiary of Delphi World Money Limited, entered into a related party transaction by extending ICDs to Advik Capital Limited ('Advik') of various amounts, the maximum outstanding of which during the quarter ended was Rs. 463.69 million and with a closing balance of Rs.448.69 million as at June 30, 2026. The management of the Company believes that the ICD is recoverable, and no adjustments are required to the financial results for quarter ended June 30, 2026. The Company is in process of procuring requisite shareholder approval for the said material related party transactions. |
| Textual Information(8) | ETPL, a subsidiary of Delphi World Money Limited, entered into a related party transaction by extending ICDs to Advik Capital Limited ('Advik') of various amounts, the maximum outstanding of which during the quarter ended was Rs. 463.69 million and with a closing balance of Rs.448.69 million as at June 30, 2026. The management of the Company believes that the ICD is recoverable, and no adjustments are required to the financial results for quarter ended June 30, 2026. The Company is in process of procuring requisite shareholder approval for the said material related party transactions. |
| Textual Information(9) | Not Applicable |
| Textual Information(10) | Not Applicable |
| Name of CEO / Managing director | Hariprasad Meenoth Panichikkil |
|---|---|
| Name of CFO | Pravin M. Patil |
| Name of audit committee chairman | Shri Pal Goel |
| Name of statutory auditor | Neena Goel |
| Name of other signatory, if any, with designation | 11-11-2026 |
| Place | Noida |
| Date | 11-11-2026 |