Radiant Cash Management Services Limited has informed the Exchange regarding Notice of Postal Ballot
RADIANTCMS · price
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Radiant Cash Management Services Limited has issued a Postal Ballot Notice seeking shareholder approval for material related party transactions with Radiant Protection Force Private Limited (RPF), a group company. The proposed transactions cover security services (armed guards, drivers), leasing and fleet management of armoured cash vans, and sub-lease of office premises, for three financial years from FY2026-27 to FY2028-29. The aggregate value of these transactions is up to ₹1,250 million in FY26-27, ₹1,600 million in FY27-28, and ₹2,000 million in FY28-29, totaling ₹4,850 million across the three years, equating to 30%, 38%, and 47% of the company's annual consolidated turnover respectively. RPF is fully owned by the promoters (Col. David Devasahayam and Dr. Renuka David), who along with their family hold 56.92% in RCMS, with pricing on a cost-plus model with a 9-10% margin confirmed as arm's length by an independent chartered accountant firm. The remote e-voting window runs from February 26, 2026 to March 27, 2026, with results to be announced by March 30, 2026.
This is a routine regulatory approval requirement for ongoing related party dealings with a promoter-group entity that is integral to RCMS's core cash-in-transit operations. Minority shareholders may want to review the arm's length pricing report and the increasing transaction size (growing from 30% to 47% of turnover) before casting their vote; rejection is unlikely given the group's controlling stake but the disclosure itself is a standard governance step.