DELPHIFX2024-04-012024-06-30 DELPHIFX2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member DELPHIFX2024-04-012024-06-30in-bse-fin:OneOperatingExpenses02Member DELPHIFX2024-04-012024-06-30in-bse-fin:OneOperatingExpenses03Member DELPHIFX2024-04-012024-06-30in-bse-fin:OneOperatingExpenses04Member DELPHIFX2024-04-012024-06-30in-bse-fin:OneOperatingExpenses05Member DELPHIFX2024-04-012024-06-30in-bse-fin:OneOperatingExpenses06Member DELPHIFX2024-04-012024-06-30in-bse-fin:OneOperatingExpenses07Member DELPHIFX2024-04-012024-06-30in-bse-fin:OneOperatingExpenses08Member DELPHIFX2024-04-012024-06-30in-bse-fin:OneOperatingExpenses09Member DELPHIFX2024-04-012024-06-30in-bse-fin:OneOperatingExpenses10Member DELPHIFX2024-06-30 DELPHIFX2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 533452 DELPHIFX NOTLISTED DELPHI WORLD MONEY LIMITED Equity 2024-04-01 2025-03-31 2024-08-14 2024-08-07 INR Millions First quarter 16:00:00 16:30:00 2024-08-14 2024-08-14 Not applicable Single segment Foreign Exchange Services and related activities 2024-04-01 2024-06-30 Unaudited Standalone 152844000.00 44995000.00 197839000.00 0.00 0.00 0.00 30055000.00 7060000.00 1985000.00 111316000.00 150416000.00 47423000.00 0.00 47423000.00 13939000.00 -2182000.00 11757000.00 0.00 35666000.00 0.00 0.00 0.00 0.00 35666000.00 -271000.00 35395000.00 0.00 0.00 111279000.00 10 3.20 3.20 0.00 0.00 3.20 3.20 0.00 0.00 0.00 1).The above unaudited financial results ( the Statements ) for the quarter ended June 30, 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 August 14, 2024. The statutory auditors, M/s T R Chadha & Co LLP, have carried out a Limited Review of the aforesaid unaudited 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) ( Listing Regulations ). 3).The figures for the quarter ended March 31, 2024, included in the Financial Results, are the balancing figures between audited figures in respect of the full previous financial year and the published year-to-date figures up to December 31, 2023, being the end of the third quarter of the previous financial year. The figures up to the end of the third quarter of the previous financial year had only been reviewed and not subjected to audit. 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. Agency commission / incentives 83302000.00 CSR Expenses 968000.00 Insurance 263000.00 Legal and professional charges 4697000.00 Miscellaneous expenses 13731000.00 Provision for Expected Credit Loss 3010000.00 Rent 1842000.00 Repairs and maintenance-others 427000.00 Telephone, Internet, and Coruier Expenses 418000.00 Travelling and Conveyance 2658000.00 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. Aggrieved by the GST Authorities' order, the Company filed an appeal with the Commissioner of CGST & Central Excise (Appeals-II), Mumbai, challenging the demand orders. However, the Commissioner (Appeals-II) rejected the appeal. The Company is in the process of filing a writ petition with the Honourable High Court of Mumbai to contest the grounds of the rejection. 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).The Company had lent an amount Rs.1534.43 million, as of Jun 30, 2024, by way of Inter Corporate Deposits (“ICDs”), to some of its group companies. Two of the borrower group companies have 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. Further, 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. 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. B (i) Items that will not be reclassified to profit or loss -363000.00 -363000.00 -91000.00 0.00