Radiant Cash Management Services Limited has informed the Exchange about Frauds/Default by former employee of subsidiary

Radiant Cash Management Services' subsidiary Aceware Fintech Services Private Limited (RadiantAcemoney) discovered unauthorized fraudulent transactions during routine monitoring. A former employee misused residual system access credentials in collusion with external parties to manipulate BC Agent dashboard balances and conduct unauthorized transactions. The fraud occurred from July 2025 to February 2026 and was confined to a limited number of BC Agent accounts. Estimated financial exposure at subsidiary level is approximately ₹3.13 crore, subject to reconciliation and recovery. The company immediately suspended affected functionalities, conducted a forensic audit by an external agency, and filed complaints with law enforcement and cybercrime authorities. No existing employees are implicated. The incident has been reviewed by both the subsidiary's and the holding company's Audit Committee. Consolidated financial impact is assessed as not material.