Delphi World Money Q3 FY26 Results: Board Approves Financials, Strategic Growth Plans

Delphi World Money Limited announced the outcome of its Board Meeting held on February 21, 2026. The Board considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended December 31, 2025, along with the Limited Review Report. The company's Board affirmed that an inter-corporate loan of up to ₹50 crore extended to its ultimate parent, Ebix Travels, with ₹38.14 crore outstanding as of the reporting date, is a substantiated and commercially tenable transaction. This advance was granted under a duly executed agreement for a defined strategic initiative. The Board also noted that a transaction related to Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations was consummated prior to a notification dated December 19, 2025, and thus, the quantitative threshold could not be determinatively computed at that time. To ensure transparency, the Board resolved to seek shareholders' approval for this transaction through a postal ballot.

Furthermore, the Board principally approved the next phase of growth for the company's travel, hospitality, and related businesses. Strategic measures are under consideration to enhance operational alignment, optimize structural efficiency, and expand market reach for both domestic and international operations. This includes advancing preparatory steps to support long-term growth through advisory engagements, planning initiatives, and evaluations of potential organizational realignments. The Board also approved seeking members' approval through a postal ballot for various management decisions.

The company also disclosed details regarding its financial performance and corporate actions. The Enforcement Directorate (ED) had previously imposed a monetary penalty of ₹329.07 crore on the Company and ₹35.20 crore on its Principal Officer for alleged non-compliance with FEMA provisions. These matters pertain to the period before the acquisition by EbixCash World Money Limited and are covered under indemnities from erstwhile promoters. The company has filed appeals and made a pre-deposit of 15% of the penalty amount.

Significant corporate actions completed include the completion of a Rights Issue of ₹19.976 crore, the acquisition of management control over Ebix Travels Private Limited (ETPL), and a subsequent preferential allotment of ₹10 crore by ETPL to the Company. The company also increased its authorized share capital to ₹500 crore and approved a sub-division of equity shares (from ₹10 to ₹2 per share) and a 2:1 bonus issue. These corporate actions became effective after the reporting date of December 31, 2025.

A commercial suit has been filed by Bull Value Incorporated VCC Sub-Fund challenging the change in shareholding and management control of ETPL and the Rights Issue. An interim order directing parties to maintain status quo has been passed.

Additionally, the company estimated an incremental impact of ₹290 million due to the new Labour Codes, presented as an 'Exceptional Item' in the standalone financial results.