Submission of disclosure under Regulation 30 of LODR Regulations, 2015
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Emerald Finance has partnered with M/s Aggarwal Traders, a sole proprietorship firm based in Chandigarh, to offer its Early-Wage-Access program to Aggarwal's employees. Under this program, employees can withdraw part of their earned salary before payday as a short-term loan, with repayment collected automatically via salary deduction. The company describes this as part of its broader push to build a salary-advance lending product aimed at retail customers, using employer tie-ups as the distribution channel. No financial terms, loan amounts, or employee headcount details were disclosed.
This is a small operational partnership for a small-cap NBFC and is unlikely to move the stock on its own. It does signal the company's intent to scale a retail salary-advance vertical through employer partnerships, which investors may track as a growth avenue over time.