The Board approved Alteration of Main object of the Company, subject to the approval of the Shareholders.
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WSFx Global Pay Ltd, a BSE-listed forex company, reported audited financial results for FY ended March 2026. Total income grew to Rs 11,196.51 lakhs from Rs 8,911.71 lakhs in FY25, while net profit after tax more than doubled to Rs 613.92 lakhs from Rs 346.99 lakhs. The Board recommended a final dividend of Rs 1.50 per equity share (15% on Rs 10 face value), subject to shareholder approval. Key board decisions include approval to alter the Memorandum of Association to add two new business objects: becoming a Payment Aggregator - Cross-Border (PA-CB) under RBI regulations, and a Payment Service Provider (PSP) under IFSCA regulations for International Financial Services Centres. The company also appointed M/s. SAAM & Associates LLP as internal auditor for FY 2026-27 and plans to open a new branch in Thane by June 2026.
Strong profit growth and dividend declaration are positive for shareholders. The proposed expansion into regulated payment aggregator and PSP businesses represents a significant strategic shift that could open new revenue streams if shareholder-approved, though it requires compliance with RBI and IFSCA regulations.