Submission of disclosure under Regulation 30 of LODR Regulations, 2015
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Emerald Finance Limited has announced a partnership with Punjab Enviro Technology Private Limited, Chandigarh, to offer an Early-Wage-Access program. This program allows employees to access part of their salaries throughout the month as instant financial relief. The company has been developing a salary advance solution as part of its strategy to expand offerings to retail customers. Under this model, the company provides short-term loans as salary advance, which are repaid through salary deductions. This represents a new product direction for the financial services company.
This partnership signals Emerald Finance's entry into the salary advance/early wage access market segment, which could diversify revenue streams. The announcement is informational in nature and does not contain immediate material financial impact for shareholders.