DELPHIFX2024-01-012024-03-31 DELPHIFX2024-01-012024-03-31 DELPHIFX2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member DELPHIFX2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member DELPHIFX2024-01-012024-03-31in-bse-fin:OneOperatingExpenses03Member DELPHIFX2024-01-012024-03-31in-bse-fin:OneOperatingExpenses04Member DELPHIFX2024-01-012024-03-31in-bse-fin:OneOperatingExpenses05Member DELPHIFX2024-01-012024-03-31in-bse-fin:OneOperatingExpenses06Member DELPHIFX2024-01-012024-03-31in-bse-fin:OneOperatingExpenses07Member DELPHIFX2024-01-012024-03-31in-bse-fin:OneOperatingExpenses08Member DELPHIFX2024-01-012024-03-31in-bse-fin:OneOperatingExpenses09Member DELPHIFX2024-01-012024-03-31in-bse-fin:OneOperatingExpenses10Member DELPHIFX2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member DELPHIFX2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member DELPHIFX2024-01-012024-03-31in-bse-fin:FourOperatingExpenses03Member DELPHIFX2024-01-012024-03-31in-bse-fin:FourOperatingExpenses04Member DELPHIFX2024-01-012024-03-31in-bse-fin:FourOperatingExpenses05Member DELPHIFX2024-01-012024-03-31in-bse-fin:FourOperatingExpenses06Member DELPHIFX2024-01-012024-03-31in-bse-fin:FourOperatingExpenses07Member DELPHIFX2024-01-012024-03-31in-bse-fin:FourOperatingExpenses08Member DELPHIFX2024-01-012024-03-31in-bse-fin:FourOperatingExpenses09Member DELPHIFX2024-01-012024-03-31in-bse-fin:FourOperatingExpenses10Member DELPHIFX2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 533452 DELPHIFX NOTLISTED DELPHI WORLD MONEY LIMITED Equity 2023-04-01 2024-03-31 2024-05-28 2024-05-21 INR Millions Yearly 16:15:00 17:15:00 2024-05-28 2024-05-28 true Cash Flow Indirect Declaration of unmodified opinion Single segment Foreign Exchange Services and related activities 2024-01-01 2024-03-31 Audited Standalone 155067000.00 45782000.00 200849000.00 0.00 0.00 0.00 30635000.00 6769000.00 2311000.00 114801000.00 154516000.00 46333000.00 0.00 46333000.00 16022000.00 -3940000.00 12082000.00 0.00 34251000.00 0.00 0.00 0.00 0.00 34251000.00 19000.00 34270000.00 0.00 0.00 111279000.00 10 3.08 3.08 0.00 0.00 3.08 3.08 0.00 0.00 0.00 1).The above audited standalone financial results ( the Statements ) for the quarter and year ended March 31, 2024, have been taken on record and reviewed by the Audit Committee and subsequently approved by the Board of Directors of the Company at their respective meetings held on May 28, 2024. The statutory auditors, M/s T R Chadha & Co LLP, have expressed an unmodified opinion on the aforesaid financial results. 2).The above financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015, as amended (Ind AS), 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 presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (as amended). 3).The results for the quarter ended March 31, 2024, and March 31, 2023, are the balancing figures between audited figures in respect of the full financial year ended March 31, 2024, and March 31, 2023, respectively and published and unaudited respectively year to date figures up to the third quarter of the respective financial year then ended. 4).Segment Reporting: The Company has evaluated its operating segments in accordance with Ind AS 108, and has concluded that it is engaged in a single operating segment viz. Foreign Exchange services on the basis of decisions taken for the allocation of resources by the Chief Operating Decision Makers (CODM) and the internal business reporting; system for evaluation of operational results. Further, the Company does not have reportable geographical segment. 5).The Enforcement Directorate (ED) vide its adjudication orders has imposed a total monetary penalty of Rs.329.07 million on the Company and Rs.35.20 million on its Principal Officer. Being aggrieved by the adjudication orders passed by the ED, the Company has filed appeals with the Hon'ble Appellate Tribunal for Foreign Exchange (ATFP) and Special Director (Appeals) against these adjudication orders, disputing the monetary penalties imposed for non-compliance with the provisions of the Foreign Exchange Management Act, 1999 (FEMA, 1999). The proceedings are ongoing, and the matters have been listed for hearing. These matters are related to the period preceding the acquisition of the Company by the current promoters, EbixCash World Money Limited (Holding Company), under the Share Purchase Agreement dated December 31, 2018. The Company believes that there are substantial grounds to challenge the adjudication order. Moreover, the Company is covered by indemnities provided by the erstwhile Promoters under the Share Purchase Agreement. Therefore, any liability for payments, if incurred, will be reimbursed by the erstwhile Promoters and will not have a financial impact on the Company. As the matters are sub-judice and indemnities have been provided by the erstwhile Promoters, the Company has not considered any potential consequential effects on these results. Single segment 2023-04-01 2024-03-31 Audited Standalone 806545000.00 164635000.00 971180000.00 0.00 0.00 0.00 112943000.00 22386000.00 8987000.00 600269000.00 744585000.00 226595000.00 0.00 226595000.00 66430000.00 8239000.00 74669000.00 0.00 151926000.00 0.00 0.00 0.00 0.00 151926000.00 -2034000.00 149892000.00 0.00 0.00 111279000.00 10 2105593000.00 13.65 13.65 0.00 0.00 13.65 13.65 0.00 0.01 0.00 Agency commission / incentives 76893000.00 CSR Expenses 1557000.00 Insurance 286000.00 Legal and professional charges 3640000.00 Miscellaneous expenses 15491000.00 Provision for Expected Credit Loss 11293000.00 Rent 1689000.00 Repairs and maintenance-others 588000.00 Telephone, Internet, and Coruier Expenses 575000.00 Travelling and Conveyance 2789000.00 Agency commission / incentives 468661000.00 CSR Expenses 6226000.00 Insurance 1226000.00 Legal and professional charges 11397000.00 Miscellaneous expenses 69372000.00 Provision for Expected Credit Loss 14369000.00 Rent 14271000.00 Repairs and maintenance-others 1972000.00 Telephone, Internet, and Coruier Expenses 1923000.00 Travelling and Conveyance 10852000.00 25231000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 25000.00 0.00 0.00 47448000.00 47473000.00 41572000.00 25720000.00 139996000.00 21527000.00 0.00 583979000.00 126914000.00 430712000.00 1638013000.00 154139000.00 2933757000.00 0.00 105317000.00 3060601000.00 0.00 0.00 3200597000.00 111279000.00 2105593000.00 2216872000.00 2216872000.00 0.00 0.00 312062000.00 312062000.00 16332000.00 0.00 0.00 3370000.00 331764000.00 304614000.00 234073000.00 21222000.00 559909000.00 40043000.00 12169000.00 39840000.00 0.00 651961000.00 0.00 0.00 983725000.00 3200597000.00 6).The GST Authorities via demand orders have imposed a monetary demand of Rs.456.98 million, plus a penalty of Rs. 44.26 million, on the Company, in respect of providing Inward Money Transfer Services ( Intermediary Services ) pertaining to the period July 2017 to March 2021. The GST Authority has considered that while providing Inward Money Transfer Services' the company acted as an intermediary and the place of provision of intermediary service is the location of the service provider and is subject to the GST as these would not be considered as Export of Service. Being aggrieved by the orders passed by the GST Authorities, the Company has filed an appeal with the Goods & Services Tax Appellate Tribunal (GSTAT) against the demand orders. Based on the facts of the case, the Company believes that it has a strong case on merits to get the demand reversed and accordingly the Company has not considered any potential effect on these results. 7).Ebix, Inc. (i.e. the ultimate holding company of the Company) which is a USA-based and NASDAQ-listed company has filed for voluntary petitions to commence proceedings under chapter 11 (the “Chapter 11 Cases”) of the United States Code (the “Bankruptcy Code”). Ebix’s approximately 200 affiliates outside the United States, including Delphi World Money Limited (“the Company” or “DWML”), are not included in the Chapter 11 filing and will continue to operate in the ordinary course and without any interruption. DWML had lent Inter Corporate Deposits (“ICDs”) of an amount Rs.1637.43 million as of March 31, 2024, to some of its group companies. Two of the borrower group companies, has incurred continued operating losses and have negative net worth. The collectability of the ICD is dependent on the support provided by the India holding Company i.e. EbixCash Limited (i.e. intermediary holding company in India and referred to as “ECL”) and Ebix Inc. The Management is of the opinion, that Ebix, Inc. and EbixCash Limited have adequate revenue-generating assets to provide financial support to these borrower companies. 8).Pursuant to the provisions of the Listing Regulations, the Company will publish unaudited financial results in the newspapers. The unaudited financial results of the Company will be made available on the Company's website www.indiaforexonline.com and also on the website of BSE Limited (www.bseindia.com) and National Stock Exchange (www.nseindia.com). 9).The previous period's figures have been regrouped/reclassified wherever to correspond with the current period classification/disclosures. -162934000.00 7891000.00 -136343000.00 0.00 -22861000.00 11439000.00 0.00 57478000.00 0.00 -168142000.00 0.00 -31540000.00 0.00 8987000.00 14442000.00 3904000.00 0.00 -74987000.00 -40739000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -533405000.00 -306810000.00 0.00 -19819000.00 0.00 51375000.00 0.00 -338366000.00 0.00 276823000.00 0.00 0.00 0.00 0.00 0.00 0.00 84000.00 10851000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 137160000.00 0.00 0.00 0.00 -150430000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -304609000.00 1947000.00 0.00 0.00 21090000.00 0.00 0.00 281572000.00 -207224000.00 0.00 -207224000.00 334125000.00 126901000.00 15000.00 -2711000.00 -4000.00 -677000.00 0.00 0.00