Radiant Cash Management Services Limited has informed the Exchange regarding Re-appointment of internal auditors of the company w.e.f. April 01, 2026.
RADIANTCMS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Radiant Cash Management Services Limited reported audited FY2026 standalone PAT of Rs.382.15 million, down 16% from Rs.456.69 million in FY2025. Consolidated PAT was Rs.279.79 million, down 40.6% from Rs.470.57 million, impacted by Rs.31.25 million exceptional item due to fraudulent transactions identified in subsidiary Aceware Fintech Services (unauthorized system access by former employee). The auditors issued unmodified opinions on both standalone and consolidated results. The Board recommended final dividend of Rs.2.5 per share (250%) for FY2026 and reappointed M/s. Menon & Pai as internal auditors for FY2026-27. Revenue remained relatively flat at Rs.4,294.75 million on consolidated basis.
Profit declined significantly due to subsidiary fraud charge and higher finance costs. Short-term borrowings nearly doubled to Rs.1,500 million, increasing financial risk. Despite clean audit opinions, the exceptional fraud item and profit decline are concerns for investors.