Your Directors, are pleased to present the 21st Annual Report of Radiant Cash Management Services Limited, together with the Audited
Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, accompanied by the Auditors' Reports
and other statutory reports, in compliance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015.

1. FINANCIAL PERFORMANCE HIGHLIGHTS

A summary of financial performance of your Company for the financial year ended March 31, 2026, is provided below:

Standalone Performance:

During the financial year under review, the Company recorded
standalone revenue of H4,107.30 million, compared to
H4,115.10 million in the financial year 2024-25. The Company's
revenue remained by and large stable during the year, but
profitability was impacted due to increase in operating
expenses and the continued losses of the Company's Valuable
Logistics business during the financial year. This business is
currently in its consolidation phase and we expect the efforts of
previous years to materialise during the current financial year.

The Company reported a Profit Before Tax (PBT) of H470.11
million as compared to H621.20 million in the previous year,
while Profit After Tax (PAT) stood at H382.15 million as against
H456.69 million in the financial year 2024-25. The Company's
balance sheet continues to remain strong with a net worth
of H2,838.92 million as on March 31, 2026 (H2,728.35 million
as on March 31, 2025)

Consolidated Performance:

The Company, on a consolidated basis, recorded total
revenue of H4,383.86 million during the financial year
ended March 31, 2026, as compared to H4,334.53 million

in the previous financial year. The Company reported a
Profit Before Tax (PBT) of H325.91 million and a Profit After
Tax (PAT) of H279.79 million, as against H641.56 million and
H470.57 million, respectively, in the financial year 2024-25.

The decline in consolidated profitability during the year was
primarily attributable to the financial performance of the
Company's fintech subsidiary,AcewareFintech ServicesPrivate
Limited. Despite the decline in consolidated profitability, the
Company continued to maintain a healthy financial position
while pursuing its long-term strategic growth initiatives.

Detailed operational and segment-wise performance is
provided in the Management Discussion and Analysis Report,
which forms part of this Annual Report.

Subsidiary's Performance:

During the financial year under review, Aceware Fintech
Services Private Limited, recorded total revenue of
H287.78 million and reported a loss after tax of H102.32
million. The subsidiary's performance was impacted by the
discontinuation of the Payment Infrastructure Development
Fund (PIDF) subsidy scheme of RBI and increased manpower

costs to scale its future business operations. In addition
to these factors, one-time exceptional loss resulted in
significant losses during the year. The financial statements
of the subsidiary are available on the Company's website at
www.radiantcashservices.com

2. STATE OF COMPANY'S AFFAIRS AND FUTURE
OUTLOOK

Business Overview:

Your Company continues to be India's leading integrated cash
logistics and cash management service providers, offering
comprehensive solutions to banks, financial institutions,
retail chains, e-commerce companies, organised retail,
petroleum outlets and other commercial establishments
across the country. The Company's service vertical consists
of cash pick-up and delivery, network cash management,
cash van operations, cash processing & other value-added
services and specialised logistics solutions for valuables.

Over the last two decades, the Company has established
a robust nationwide network, supported by a technology-
enabled logistics platform, enabling secure, reliable and
efficient movement of cash and valuables across urban,
semi-urban and rural markets. As on March 31, 2026, the
Company's operations spread across 14,844 Pin Codes in
9,162 locations, covering 77,521 touchpoints, supported
by a fleet of about 870 specialised cash vans and a trained
workforce dedicated to ensuring operational excellence and
customer delight.

The Company also continued its focus in building its
strategic growth initiatives. The Valuable Logistics business
expanded its customer base with the addition of several
leading national jewellery retail chains and demonstrated
improvement in operational efficiency during the year. The
Company's fintech subsidiary, Aceware Fintech Services
Private Limited, continued to strengthen its digital financial
services platform and merchant network.

Outlook:

The global economy continues to operate in an environment
of heightened uncertainty. According to the International
Monetary Fund (IMF), global economic growth is projected
at 3% in CY 2026, reflecting the impact of geopolitical
developments and consequent higher energy prices.
The IMF has also highlighted that downside risks remain
elevated, with prolonged disruptions potentially resulting
in weaker global growth and higher inflation. (Source. IMF
World Economic Outlook (April 2026))

India continues to remain one of the fastest-growing major
economies. According to the Reserve Bank of India (RBI),
domestic economic activity has remained largely steady
despite heightened global uncertainties. RBI's Monetary
Policy Statement issued in June 2026, projected India's
real GDP growth at 6.6% for financial year 2026-27 while
noting that geopolitical developments, increasing crude oil
prices and weather-related uncertainties continue to pose
downside risks to the economy's growth outlook.

Against this macroeconomic backdrop, the Company
remains well positioned to capitalise on the growing demand
for integrated secure cash logistics and allied services. The
Company will continue to focus on strengthening its core
cash management business, expanding its valuable logistics
operations, enhancing technology-enabled operational
efficiencies and scaling its digital financial services through its
subsidiary, Aceware Fintech Services Private Limited. These
strategic initiatives are expected to support sustainable
growth and long-term value creation for all stakeholders.

A detailed discussion on the economic environment,
industry outlook, business performance, opportunities, risks
and financial performance is provided in the Management
Discussion and Analysis Report, which forms an integral part
of this Annual Report

Dividend:

During the financial year under review, the Company paid
a final dividend of H2.50 per equity share (250%) for the
financial year 2024-25, as declared at the 20th Annual
General Meeting of the Members, held on September 9,
2025. The dividend, amounting to H266.77 million, was paid
on September 18, 2025.

The Board of Directors are pleased to recommend a final
dividend of H2.50 per equity share (250% on the face value
of H1 per equity share) for the financial year ended March
31, 2026. The proposed dividend is subject to the approval
of the Members at the ensuing Annual General Meeting and,
if approved, will be paid to those Members whose names
appear in the Register of Members as on the Record Date
10th September 2026. The proposed dividend would result
in a cash outflow of approximately H266.77 million.

The Dividend Distribution Policy, in terms of Regulation 43A of
the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 ("SEBI Listing
Regulations") is available on the Company's website athttps://
radiantcashservices.com/corporate-governance/

Unclaimed Dividends and Transfers to Investor Education
and Protection Fund:

Pursuant to the provisions of Sections 124 and 125 of the
Companies Act, 2013 read with the Investor Education and
Protection Fund Authority (Accounting, Audit, Transfer and
Refund) Rules, 2016, dividends remaining unclaimed for a
period of seven consecutive years from the date of transfer
to the Unpaid Dividend Account of the Company are required
to be transferred to the Investor Education and Protection
Fund ("IEPF"), together with the corresponding shares on
which such dividend has remained unclaimed.

During the financial year under review, no amount was
required to be transferred to the IEPF.

The details of unclaimed dividends, including the due
dates for transfer to the IEPF, are provided in the Corporate
Governance Report, which forms part of the Annual Report
and are also available on the Company's website.https://
www.radiantcashservices.com/investor-support/

Shareholders are requested to claim their unpaid dividends
before the respective due dates by sending a written request
to the Company atinvestorrelations@radiantcashlogistics.
comor to the Registrar & Share Transfer Agent (RTA),
MUFG Intime India Private Ltd at Investor.helpdesk@
in.mpms.mufg.com

Transfer to Reserves:

The Board of Directors have decided not to transfer any
amount to the General Reserve for the financial year ended
March 31, 2026.

Share Capital:

During the financial year under review, there was no change
in the authorised, issued, subscribed and paid-up equity
share capital of the Company. As on March 31, 2026, the
authorised share capital of the Company stood at H120
million, comprising 12,00,00,000 equity shares of H1 each,
and the issued, subscribed and paid-up equity share capital
stood at H106.71 million, comprising 10,67,07,906 equity
shares of H1 each.

The Company has not issued shares with differential voting
rights or sweat equity shares and has not undertaken any
buy-back during the financial year.

Borrowings:

The Company does not have any long-term borrowings
outstanding as at March 31, 2026.

Fixed deposits:

The Company has not accepted any deposits from the public
within the meaning of Chapter V of the Companies Act, 2013
and the Companies (Acceptance of Deposits) Rules, 2014.
Accordingly, no amount on account of principal or interest
on such deposits was outstanding as on March 31, 2026.
Consequently, the disclosure of details relating to deposits
not in compliance with the requirements of Chapter V of the
Act is not applicable.

Loans, Guarantees and Investments

During the financial year under review, the Company
granted loans and provided corporate guarantees on
behalf of its subsidiary, Aceware Fintech Services Private
Limited, in the ordinary course of its business requirements
and in compliance with the applicable provisions of the
Companies Act, 2013.

The particulars of loans granted, guarantees provided and
investments made by the Company pursuant to Section
186 of the Companies Act, 2013 are disclosed in the notes
forming part of the financial statements.

Particulars of Contracts or Arrangements with Related
Parties:

All related party transactions entered into during the
financial year were in the ordinary course of business, on
an arm's length basis and in compliance with the applicable
provisions of the Companies Act, 2013 and the SEBI Listing
Regulations. All related party transactions were reviewed

and approved by the Audit Committee in accordance with
the Company's Policy on Related Party Transactions and the
applicable statutory requirements.

Details of related party transactions as required under the
applicable accounting standards are disclosed in the notes
forming part of the financial statements.

The details of material related party transactions entered
into by the Company are disclosed in Form AOC-2 pursuant
to Section 134(3) -(h) of the Act read with Rule 8(2) of the
Companies(Accounts) Rules, 2014and enclosed as Annexure-2
to this report.

During the financial year, the Board approved an updated
Policy on Related Party Transactions to align with evolving
regulatory requirements. The Related Party Transaction
Policy of the Company as approved by the Board is available
on the Company's website and can be accessed athttps://
radiantcashservices.com/corporate-governance/

3. MATERIAL CHANGES AND COMMITMENTS
AFFECTING THE FINANCIAL POSITION OF THE
COMPANY

No material changes or commitments affecting the financial
position of the Company have occurred between the end of
the financial year under review and the date of this Report,

4. CHANGE IN THE NATURE OF BUSINESS

During the financial year under review, there was no change
in the nature of the business of the Company.

5. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE
COMPANIES

As on March 31, 2026, the Company had one subsidiary,
namely Aceware Fintech Services Private Limited ("Aceware"),
and did not have any Joint Venture or Associate Company.

Pursuant to Section 129(3) of the Companies Act, 2013, a
statement containing the salient features of the financial
statements of the subsidiary in Form AOC-1 forms part of
this Annual Report as Annexure 1

During the financial year under review, the step-down
subsidiary of the Company, Acemoney Payment Solutions
Private Limited was wound-up through voluntary strike-off
with effect from September 29, 2025.

The Company has a Policy for determining Material
Subsidiaries in accordance with the SEBI Regulations and the
Policy is available on the website of the Company athttps://
radiantcashservices.com/corporate-governance/

6. ALTERATION OF MEMORANDUM OF ASSOCIATION
AND ARTICLES OF ASSOCIATION

During the financial year under review, the Members of
the Company approved the alteration of object clause
of the Memorandum of Association by way of a Special
Resolution (passed through postal ballot on December

8, 2025), to include undertaking the proposed Payment
Aggregator (PA) business.

The Members also approved the alteration of the Articles of
Association by way of a Special Resolution passed through
postal ballot on June 27, 2025, to remove provisions relating
to the nomination rights and other contractual rights of the
erstwhile investor, which had become redundant following
the Company's listing and the subsequent reduction in the
investor's shareholding in the Company.

7. DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Act, the Board of Directors,
to the best of their knowledge and ability, confirm that:

i. In the preparation of the annual accounts, the
applicable accounting standards have been followed
and there are no material departures.

ii. They have selected such accounting policies and

applied them consistently and made judgments and
estimates that are reasonable and prudent so as to
give a true and fair view of the state of affairs of the
Company at the end of the financial year and of the
profit of the Company for that period.

iii. They have taken proper and sufficient care for

the maintenance of adequate accounting records
in accordance with the provisions of the Act for
safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities.

iv. They have prepared the annual accounts on a

Going Concern basis.

v. They have laid down Internal Financial Controls to be
followed by the Company and such Internal Financial
Controls are adequate and operating effectively.

vi. They have devised proper systems to ensure compliance
with the provisions of all applicable laws and that such
systems are adequate and operating effectively.

8. DIRECTORS AND KEY MANAGERIAL PERSONNEL
Board Composition:

As on March 31, 2026, the Board comprises of six Directors
including three Executive Directors (Chairman & Managing
Director and two Whole-Time Directors) and Three Non¬
Executive Independent Directors. During the year two Women
Directors served on the Board of the Company. The existing
composition of the Company's Board is fully in conformity
with the applicable provisions of the Companies Act, 2013
and Regulations 17 and 17A of the SEBI Listing Regulations
with regard to independent directors, women directors etc.

Appointments and Changes during the Year

During the financial year under review, Mr. Vasanthakumar
A. P. (DIN: 02069470), Nominee Director, resigned from
the Board of the Company with effect from April 25, 2025.

The Board placed on record its sincere appreciation for his
valuable guidance and contribution during his tenure as
a Director of the Company. Subsequently, Mr. Alexander
David was appointed as Whole-Time Director based on the
recommendation of the Nomination and Remuneration
Committee and approved by the Board on May 23, 2025,
and his appointment was approved by the Members through
postal ballot on June 27, 2025.

Based on the written representations received from the
Directors, none of the above Directors are disqualified
under Section 164 (1) & (2) of the Act. During the year under
review, the Non-Executive Directors of the Company had no
pecuniary relationship or transactions with the Company,
other than sitting fees and reimbursement of expenses, if
any incurred by them for the purpose of attending meetings
of the Board/Committee of the Company.

Director Retiring by Rotation:

In accordance with Section 152 of the Act, Mr. Alexander David
(DIN: 08259288), Whole-Time Director, retires by rotation
and being eligible, offers himself for reappointment. The
Board of Directors recommend for his re-appointment and
the relevant resolution seeking shareholders' approval forms
part of the Notice of the ensuing Annual General Meeting.

Declaration of Independence:

The Company has received declarations from all the
Independent Directors confirming that they meet the criteria
of independence as prescribed under Section 149(6) of the
Companies Act, 2013 and Regulation 16(1)(b) of the SEBI
Listing Regulations. Based on the declarations received, the
Board is satisfied that the Independent Directors fulfil the
conditions of independence prescribed under the Companies
Act, 2013 and the SEBI Listing Regulations.

Key Managerial Personnel:

The Key Managerial Personnel of the Company as on March
31, 2026 are as follows:

• Col. David Devasahayam (Retd.) - Chairman and
Managing Director

• Dr. Renuka David - Whole-time Director

• Mr. Alexander David - Whole-time Director (*)

• Mr. T. V. Venkataramanan - Chief Financial Officer

• Col. Benz K. Jacob (Retd.) - Chief Operating Officer

• Mr. Karthik Sankaran - Chief Technology Officer

• Mr. Cyrus Shroff - Chief Marketing Officer

• Mr. Nithin Tom - Company Secretary and
Compliance Officer

(*) Mr. Alexander David was appointed as Whole-time Director with effect
from May 23, 2025, and consequently became a Key Managerial Personnel of

the Company.

Code of Conduct:

The Company has in place a Code of Conduct applicable
to its Directors and Senior Management Personnel. The
annual affirmation regarding compliance with the Code, as
required under the SEBI Listing Regulations, forms part of
the Corporate Governance Report.

9. MEETINGS OF THE BOARD

During the financial year ended March 31, 2026, the Board
of Directors met four (4) times. The details of the meetings
of the Board, including the attendance of Directors, are
provided in the Corporate Governance Report, which forms
part of this Annual Report.

10. COMPLIANCE WITH SECRETARIAL STANDARDS ON
BOARD AND GENERAL MEETINGS

The Company has complied with the applicable Secretarial
Standards, namely Secretarial Standard-1 (SS-1) on Meetings
of the Board of Directors and Secretarial Standard-2 (SS-2)
on General Meetings, issued by the Institute of Company
Secretaries of India (ICSI).

11. BOARD EVALUATION

Pursuant to the provisions of the Companies Act, 2013
and the SEBI Listing Regulations, the Board carried out an
annual performance evaluation of its own performance, the
performance of its Committees, the Chairperson and the
individual Directors. The evaluation was conducted through
a structured evaluation process based on the criteria
recommended by SEBI and approved by the Nomination and
Remuneration Committee and the Board.

The Board evaluated the performance and effectiveness
of its Committees, taking into consideration factors such
as their composition, terms of reference, effectiveness in
discharging their responsibilities, quality of deliberations,
effectiveness of recommendations and contribution to the
overall governance framework of the Company.

In accordance with the provisions of the Companies Act, 2013
and the SEBI Listing Regulations, the Independent Directors,
at their separate meeting, evaluated the performance of the
Non-Independent Directors, the Board as a whole and the
Chairperson of the Company, taking into account the views
of the Executive Directors and the Non-Executive Directors.
The Independent Directors also assessed the quality,
quantity and timeliness of the flow of information between
the Management and the Board.

The entire Board, excluding the Independent Director being
evaluated, carried out the annual performance evaluation
of the Independent Directors, taking into account their
performance, fulfilment of the independence criteria
prescribed under the Companies Act, 2013 and the SEBI
Listing Regulations, and their contribution to the Board
and its Committees. The Nomination and Remuneration
Committee reviewed the evaluation framework and the
outcome of the performance evaluation process.

Based on the outcome of the evaluation, the Board
expressed its satisfaction with the effectiveness of the Board,
its Committees and individual Directors in discharging their
respective duties and responsibilities.

12. FAMILIARIZATION PROGRAM FOR INDEPENDENT
DIRECTORS

The Company conducts structured familiarization programmes
for Independent Directors on their roles, responsibilities,
business operations and regulatory updates. The details of
the Familiarisation Programme for Independent Directors,
including the web link thereto, are available on the Company's
website under the Corporate Governance section.

13. COMMITTEES OF THE BOARD

As on March 31, 2026, the Board has the following
statutory Committees:

a. Audit Committee

b. Nomination and Remuneration Committee

c. Stakeholders' Relationship Committee

d. Corporate Social Responsibility Committee

e. Risk Management Committee

The Audit Committee presently comprises Ms Jayanthi
(Chairperson), Lt Gen Devraj Anbu (Retd), Mr Ashok Kumar
Sarangi and Col.David Devasahayam(Retd). The Committee
met five times during the year under review.

During the year under review, all recommendations of the
Committees were approved by the Board. The composition,
terms of reference, number of meetings held during the
financial year and attendance of the members of the
aforesaid Committees are provided in the Corporate
Governance Report, which forms part of this Annual Report.

14. POLICY ON APPOINTMENT, REMUNERATION AND
EVALUATION OF THE DIRECTORS, KEY MANAGERIAL
PERSONNEL AND SENIOR MANAGEMENT

The Nomination and Remuneration Policy, formulated in
accordance with Section 178 of the Act and SEBI Listing
Regulations, lays down the criteria for appointment and
remuneration of Directors, KMPs and Senior Management.
The policy is available at:https://radiantcashservices.com/
corporate-governance/

15. VIGIL MECHANISM / WHISTLE BLOWER POLICY

Pursuant to the provisions of Section 177(9) and (10) of the
Companies Act, 2013 and Regulation 22 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015,
the Company has established a Vigil Mechanism and Whistle
Blower Policy to provide a formal mechanism for Directors,
employees and other eligible stakeholders to report genuine
concerns regarding unethical behaviour, actual or suspected
fraud, violation of the Company's Code of Conduct or Ethics
Policy, or any other improper or unlawful conduct.

The Policy provides adequate safeguards against
victimisation of persons who use the mechanism and
ensures that no person is subjected to any adverse action
for reporting genuine concerns in good faith. The Policy
also provides for direct access to the Chairperson of the
Audit Committee in appropriate or exceptional cases.
Details of the Whistle Blower Policy are provided in the
Corporate Governance Report, which forms an integral
part of this Annual Report, and are also available on the
Company's website at:https://radiantcashservices.com/
corporate-governance/

16. CORPORATE SOCIAL RESPONSIBILITY ("CSR")

The Company is guided by a strong belief in giving back to
society and is committed to creating a meaningful and lasting
impact in the lives of the underprivileged. In furtherance
of this philosophy, the Company undertakes various
Corporate Social Responsibility (CSR) initiatives focused on
enhancing the well-being and development of marginalized
communities. All CSR activities, projects, and programs are
carried out in accordance with the provisions of Section 135
of the Companies Act, 2013 and the rules framed thereunder.

A brief outline of the Company's CSR Policy and the initiatives
undertaken during the year under review are detailed in the
CSR Report, annexed to this Report as Annexure - 5. The
CSR Policy, along with the Annual Action Plan, is available
on the Company's website and can be accessed at:https://
radiantcashservices.com/corporate-eovernance/

17. INTERNAL FINANCIAL CONTROL SYSTEMS AND
THEIR ADEQUACY

The Company has a robust internal control framework,
which includes comprehensive policies and procedures
designed to ensure the orderly and efficient conduct of its
operations. These controls are intended to safeguard assets,
prevent and detect frauds and errors, ensure the accuracy
and completeness of accounting records, and facilitate the
timely preparation of reliable financial disclosures. The
internal financial controls with reference to the financial
statements have been found to be adequate and operating
effectively, and are commensurate with the size, nature, and
complexity of the Company's business operations.

Further details are provided in the section titled "Internal
Control Systems and their Adequacy" in the Management
Discussion and Analysis, which forms part of this
Integrated Annual Report.

18. RISK MANAGEMENT

The Board of Directors has constituted a Risk Management
Committee to oversee the implementation and monitoring
of the Risk Management framework and evaluating its
effectiveness. Details regarding the composition of the
Committee, its terms of reference, and meetings held
during the year under review are disclosed in the Corporate
Governance Report.

19. AUDITORS

Statutory Auditor:

Pursuant to the provisions of Section 139 of the Act, read
with the Companies (Audit and Auditors) Rules, 2014, M/s.
ASA & Associates LLP, Chartered Accountants, Chennai (Firm
Registration No. 009571N/N500006), were appointed as
the Statutory Auditors of the Company for a term of five
consecutive years from the conclusion of the 16th Annual
General Meeting (AGM) held on September 20, 2021, till
the conclusion of the 21st AGM to be held in the calendar
year 2026. Accordingly, ASA & Associates LLP, would be
completing their first term as Statutory Auditors of the
Company at this ensuing Annual General Meeting.

Under the provisions of Section 139(2) of the Act, the existing
Statutory Auditors can be re-appointed for one more term
of five years. Accordingly, based on the recommendation of
the Audit Committee, the Board of Directors at its meeting
held on August 12, 2026 has recommended to the Members,
the re-appointment of M/s ASA & Associates LLP, Chartered
Accountants, Chennai, as the Statutory Auditors of the
Company, for a second term of five consecutive years, from
the conclusion of the ensuing 21st AGM of the Company,
till the conclusion of the 26th AGM to be held in the
calendar year 2031.

An Ordinary Resolution, proposing re-appointment of
M/s. ASA & Associates LLP, as the Statutory Auditors of
the Company forms part of the Notice of the 21st AGM of
the Company, for approval of Members. The Company has
received the written consent and a certificate from M/s. ASA
& Associates LLP that they satisfy the criteria provided under
Section 141 of the Act and that the appointment, if made,
shall be in accordance with the applicable provisions of the
Act and rules framed thereunder.

The Auditor's Report issued by M/s. ASA & Associates LLP, on
the standalone and consolidated financial statements of the
Company for the financial year 2025-26 forms part of this
Annual Report. The Auditor's Report does not contain any
qualification, reservation, or adverse remarks.

Secretarial Auditor:

During the year under review, the Members approved
the appointment of M/s. S Sandeep & Associates,
Practising Company Secretaries (Firm Registration Number
P2025TN103600) as the Secretarial Auditor of the Company,
to hold office for a term of five consecutive years up to
financial year 2029-30 in compliance with Section 204 of the
Act and the applicable Listing Regulations. The Secretarial
Audit Report, issued in Form MR-3, is enclosed as Annexure - 3
to this Report and does not contain any qualification,
observation, or adverse remark. The Company did not have
any material unlisted Indian subsidiaries during the Financial
Year 2025-26. Hence, the requirement to attach secretarial
audit reports of material unlisted Indian subsidiaries
pursuant to Regulation 24A(1) of the SEBI Listing Regulations
is not applicable to the Company.

Internal Auditors:

In terms of Section 138 of the Companies Act, 2013, the
Board of Directors appointed M/s Menon & Pai, Chartered
Accountants (FRN: 008025S), as the Internal Auditors of the
Company for the financial year 2025-26.

Reporting of Frauds by Auditors:

During the year under review, no fraud has been committed
by the officers and employees against your Company.
However, given the nature of the Company's cash
management business, there were certain instances of cash
embezzlements. During the year, 9 instances amounting to
H25.08 million were reported. Of this, H15.26 million has
been recovered and H9.82 million has been charged off in
the financials for the financial year 2025-26.

The Statutory Auditors of the Company have not reported
any fraud as specified under Section 143(12) of the Act
during the year under review.

20. CONSOLIDATED FINANCIAL STATEMENTS:

In compliance with Section 129(3) of the Companies Act,
2013 and Regulation 34 of the SEBI Listing Regulations, the
Consolidated Financial Statements of the Company and its
subsidiaries for the financial year ended March 31, 2026,
prepared in accordance with applicable Indian Accounting
Standards (Ind AS), form part of this Annual Report.

21. MAINTENANCE OF COST RECORDS

The maintenance of cost records and requirement of cost
audit as specified under Section 148(1) of the Companies
Act, 2013 are not applicable to the Company for the
year under review.

22. CORPORATE GOVERNANCE REPORT

In accordance with Regulation 34 read with Schedule V of
the SEBI Listing Regulations, a detailed report on Corporate
Governance is provided as a separate section forming an
integral part of this Annual Report. A certificate from a
Practising Company Secretary confirming compliance with
the provisions of Corporate Governance is annexed to the
Corporate Governance Report.

23. MANAGEMENT DISCUSSION AND ANALYSIS

As required under Regulation 34 of the SEBI Listing
Regulations, the Management Discussion and Analysis
Report, highlighting the Company's business overview,
performance, industry trends, economic outlook, risks, and
other key developments during the financial year 2025-26,
forms an integral part of this Annual Report.

24. BUSINESS RESPONSIBILITY & SUSTAINABILITY
REPORT

Pursuant to Regulation 34(2)(f) of the SEBI Listing
Regulations, the Business Responsibility and Sustainability
Report for the year ended March 31, 2026 is enclosed to
this Annual Report.

25. PARTICULARS OF EMPLOYEES AND RELATED
DISCLOSURES

In accordance with Section 197(12) of the Companies Act,
2013 read with Rule 5(1) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014,
the requisite disclosures are provided in Annexure - 4 to this
Report. The statement containing particulars of employee
remuneration as required under provisions of Section
197(12) of the Act and Rule 5(2) and 5(3) of the Rules,
forms part of this Report. However, as per the provisions
of Section 136(1) of the Act, the Board's Report is being
sent to the shareholders excluding the said statement. This
statement is available for inspection and shall be provided
on request by any shareholder to:investorrelations@
radiantcashlogitics.com.

26. SIGNIFICANT AND MATERIAL ORDERS PASSED BY
REGULATORS, COURTS OR TRIBUNALS

There were no significant or material orders passed by any
regulator, court, or tribunal during the year under review
which would impact the going concern status of the Company
or its future operations.

27. PREVENTION OF SEXUAL HARASSMENT OF
WOMEN AT WORKPLACE

The Company has adopted a policy on Prevention of Sexual
Harassment at the Workplace, in compliance with the
provisions of the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013. The
policy is available on the Company's website at:https://
radiantcashservices.com/corporate-eovernance/.

An Internal Complaints Committee (ICC) has been duly
constituted to inquire into complaints pursuant to Section
4 of the Sexual Harassment of Women at the Workplace
(Prevention, Prohibition & Redressal) Act, 2013, However
during the year under review, no complaints were received.

During the financial year 2025-26, your Company has not
received any complaints pertaining to sexual harassment
as given below:

(a) Number of complaints of sexual harassment received
in the year: Nil

(b) Number of complaints disposed off during the year: Nil

(c) Number of cases pending for more than ninety days: Nil

28. ANNUAL RETURN

In accordance with Sections 92(3) and 134(3)(a) of the
Companies Act, 2013, the draft Annual Return of the
Company for the financial year ended March 31, 2026, in
Form MGT-7, is available on the website of the Company and
can be accessed at:https://radiantcashservices.com

29. CONSERVATION OF ENERGY, TECHNOLOGY
ABSORPTION AND FOREIGN EXCHANGE EARNING
& OUTGO

The provisions of clause (m) of sub-section (3) of Section 134
of the Act, read with rule 8 (3) of The Companies (Accounts)
Rules, 2014 relating to conservation of energy and technology
absorption are not applicable to our Company.

During the financial year ended March 31, 2026, there
were no Foreign Currency Earnings. The Foreign Currency
Expenditure for the Company amounted to H 0.77 million.

30. PROCEEDINGS PENDING, IF ANY, UNDER THE
INSOLVENCY AND BANKRUPTCY CODE, 2016

During the financial year 2025-26, there were no applications
made or proceedings pending under the Insolvency and
Bankruptcy Code, 2016 against the Company.

31. THE DETAILS OF DIFFERENCE BETWEEN THE
AMOUNT OF THE VALUATION DONE AT THE TIME
OF ONE TIME SETTLEMENT AND THE VALUATION
DONE WHILE TAKING LOAN FROM THE BANKS
OR FINANCIAL INSTITUTIONS ALONG WITH THE
REASONS THEREOF

There were no instances of one-time settlement during
the year under review, and accordingly, the requirement to
disclose the difference in valuation vis-a-vis bank loans is
not applicable.

32. FAILURE TO IMPLEMENT ANY CORPORATE ACTION

There were no instances during the year under review where
the Company failed to implement any corporate actions
within the specified timelines.

33. COMPLIANCE WITH MATERNITY BENEFIT ACT, 1961

The Company has complied with the applicable provisions
relating to Maternity Benefit Act, 1961

34. ACKNOWLEDGEMENT

The Board of Directors expresses its sincere appreciation
for the continued support and cooperation extended by
the shareholders, customers, vendors, bankers, auditors,
regulatory authorities, business associates, and employees at
all levels. Their trust and commitment have been integral to
the Company's progress and success during the financial year.

For and on behalf of the Board of Directors

Col. David Devasahayam (Retd.)

Place: Chennai Chairman and Managing Director

Date: August 12, 2026 DIN: 02154891