WSFX Global Pay CEO, MD, chairman, board of directors and AGM
BSE: 511147Financial Technology (Fintech)Small Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹62.58.
- Next results date: the board meets on 26 Oct 2026 to consider: quarterly results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹76 Cr3,089th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 13 Aug 2026
- 12.2
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 19 May 2026
- 1.8
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.49%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 13 Aug 2026
- 16.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 13 Aug 2026
- 11.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 19 May 2026
- 0.19
- Volume, BSEVolume. Shares traded on the last trading day.
- 1,716
WSFX Global Pay board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonRamesh Venkataraman
- Managing director and CEOSrikrishna Narasimhan
- Company Secretary and Compliance OfficerKhushboo Doshi
4 directors2 independent1 executive1 non-executive
- Ramesh Venkataraman · ChairpersonNon-executive · joined Oct 2016 · reappointed Sep 2025 · 2 listed boards · 2 committee seats
- Srikrishna Narasimhan · Managing director and CEOExecutive · joined Dec 2017 · reappointed Sep 2023 · 1 listed board · 1 committee seat
- Asha Himanshu ShahIndependent · joined Aug 2018 · reappointed Sep 2023 · 94 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Ravinder Singh AmarIndependent · joined Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 19 May 20264 of 4 present2 independent · 97 days in between
- 10 Feb 20264 of 4 present2 independent
Audit Committee
Chair Ravinder Singh Amar
Ramesh Venkataraman, Asha Himanshu Shah
- 19 May 20263 of 3 present2 independent · 97 days in between
- 10 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Asha Himanshu Shah
Ravinder Singh Amar, Ramesh Venkataraman
- 24 Jun 20263 of 3 present2 independent · 35 days in between
- 19 May 20263 of 3 present2 independent · 97 days in between
- 10 Feb 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Asha Himanshu Shah
Srikrishna Narasimhan, Ramesh Venkataraman
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- S.R. Batliboi & Co. LLPPeer-review certificate valid to Jul 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
WSFX Global Pay AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.WSFX Global Pay dividend history
Annual general meeting, 23 Sep 2026
5,815 shareholders on the register on 16 Sep 2026; present: 1 promoter and 71 others; votes counted by Mr. D.M Dharmesh Zaveri / M/s.D.M. Zaveri & Co..The company's voting result (opens in a new tab)
Adoption of Audited Financial Statements for the financial year ended 31st March 2026, including the Balance Sheet as at 31st March 2026, and the Statement of Profit and Loss and the Cash Flow Statement along with the Reports of the Board of Directors' and Auditor's thereonMoreLess
Ordinary99.95% for0.05% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.24%
Turnout: all 73.44% · promoters 100.00% · institutions 0.00% · other public 38.32%
- Declaration of Final Dividend of Re. 1.5/- per equity share (i.e. 15%) of Face Value of Rs. 10/- each fully paid for the Financial Year ended March 31, 2026.Ordinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.24%
Turnout: all 73.44% · promoters 100.00% · institutions 0.00% · other public 38.32%
- Re-appointment of Mr. Ramesh Venkataraman (DIN: 03545080), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary99.91% for0.09% against
Against: promoters 0.00% · institutions 0.00% · other public 0.48%
Turnout: all 69.24% · promoters 100.00% · institutions 0.00% · other public 28.56%
- Payment of Remuneration to Mr. Ramesh Venkataraman (DIN: 03545080), Non-Executive Non Independent Director.Special98.04% for1.96% against
Against: promoters 0.00% · institutions 0.00% · other public 11.02%
Turnout: all 69.24% · promoters 100.00% · institutions 0.00% · other public 28.56%
- Re-appointment of Mr. Srikrishna Narasimhan(DIN: 07175251) as an Executive Director designated as the Whole-Time Director and Chief Executive Officer.Special99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.25%
Turnout: all 72.97% · promoters 100.00% · institutions 0.00% · other public 37.22%
- Appointment of Ms. Padmini Yash Dhuru as a Non-Executive Independent Director.Special99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.24%
Turnout: all 73.44% · promoters 100.00% · institutions 0.00% · other public 38.32%
- Alteration of Main Object Clause of the CompanySpecial99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.24%
Turnout: all 73.44% · promoters 100.00% · institutions 0.00% · other public 38.32%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Fines and tax disputes
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyJoint Director, Enforcement Directorate & OrsSince 4 May 2026
The Directorate of Enforcement (ED), Chennai, imposed a penalty of ₹1.10 Crore under Section 16(3) of FEMA, 1999 (Order dated March 25, 2021) regarding Singapore currency travel card sales in 2014. The Company appealed before the SAFEMA Tribunal, New Delhi under Section 19 of the FEMA Act, 1999, seeking adjudication with a waiver of the pre-deposit. The Hon'ble SAFEMA Tribunal, New Delhi vide order dated May 4, 2026, reduced the pre-deposit to ₹25 Lakhs. The amount was deposited on June 11, 2026, and the appeal is currently pending adjudication on its merits.
contravention of the provisions of Sections 3 (a) , 10(4) and 10(5) of FEMA, 1999 - Tax disputeJurisdictional Assessing OfficerSince 30 Apr 2024Proceedings challenged; pending adjudication
At the filing before: (Notice u/s 148A(b) for AY 2020-21) Writ petition filed before Bombay High Court challenging reassessment notice issued by Jurisdictional AO instead of Faceless Authority. Matter tagged with Hexaware issue pending before Supreme Court.MoreLess
- Tax disputeJurisdictional Assessing OfficerSince 28 Jun 2025Proceedings challenged; pending adjudication
At the filing before: (Notice u/s 148A(b) for AY 2019-20). Writ petition filed before Bombay High Court challenging reassessment notice issued by Jurisdictional AO instead of Faceless Authority on jurisdictional, factual and procedural grounds.MoreLess
- Tax disputeJurisdictional Assessing OfficerSince 30 Jun 2025Proceedings challenged; pending adjudication
At the filing before: (Notice u/s 148A(b) for AY 2021-22) Writ petition filed before Bombay High Court challenging reassessment notice issued by Jurisdictional AO instead of Faceless Authority on jurisdictional, factual and procedural grounds.MoreLess
- Tax disputeCIT(A)Since 11 Sep 2025Appeal pending
At the filing before: Appeal before NFAC/CIT(A) dismissed confirming additions: (a) Sec 68 – ₹3.35 cr; (b) Sec 14A – ₹26.75 lakh; (c) AIR/26AS mismatch – ₹0.61 lakh. Appeal filed before ITAT. Tax demand of ₹1.43 cr already recovered; no pre-deposit required.MoreLess
- Tax disputeAssessment Unit Income TaxSince 24 Mar 2026Appeal filed; pending adjudicationAt the filing before: Penalty order and demand notice of ₹1.14 cr received for above matter of AY 16-17. Appeal filed with CIT (A)
- Tax disputeJurisdictional Assessing OfficerSince 27 Mar 2026Appeal pending
At the filing before: (Assessment Order u/s 143(3) for AY 2024-25) AO accepted submissions on all major matters. Minor disallowance of ₹5.71 lakh made on advertisement expenses. Penalty notice issued for under-reporting of ₹5.71 lakh. Appeal filed with CIT (A) on 24th April 2026.MoreLess
- Tax disputeGST Appellate AuthoritySince 30 May 2024Appeal filed; awaiting hearing noticeAt the filing before: Order passed without considering WSFX reply. Demand: ₹15.99 lakhs. Appeal filed on 29 November 2024 before GST Appellate Authority, Punjab. Awaiting hearing notice.
12 more
- Tax disputeGST Appellate AuthoritySince 27 May 2024Appeal filed; awaiting hearing noticeAt the filing before: Order passed against WSFX. Demand: ₹11.03 lakhs. Appeal filed on 29 November 2024 before GST Appellate Authority, Delhi. Awaiting hearing notice.
- Tax disputeGST Appellate AuthoritySince 29 Nov 2024Appeal filed; awaiting hearing noticeAt the filing before: Order passed against WSFX. Demand: ₹4.89 lakhs. Appeal filed on 16 May 2025 before GST Appellate Authority, Delhi. Awaiting hearing notice.
- Tax disputeGST Appellate AuthoritySince 26 Jun 2025Appeal filed; awaiting hearing noticeAt the filing before: Order passed against WSFX. Demand: ₹6.10 lakhs. Appeal filed before GST Appellate Authority, Delhi. Awaiting hearing notice.
- Tax disputeGST Appellate AuthoritySince 4 Dec 2023Appeal filed; awaiting hearing notice
At the filing before: GST audit concluded. All points from intimation letter resolved except tax on service charges. Demand of ₹27.75 lakhs raised (including interest and penalty). Appeal filed on 26 July 2024 before GST Appellate Authority, Maharashtra. Awaiting hearing notice.MoreLess
- Tax disputeGST AuthoritySince 9 Jan 2026Reply filed; pending personal hearingAt the filing before: Notice in Form ASMT-10 issued on 09 January 2026 for difference in GSTR-3B vs GSTR-2A ITC. Demand: ₹18.30 lakhs. Reply filed on 09 February 2026. Awaiting personal hearing notice.
- Tax disputeGST Appellate AuthoritySince 30 Aug 2023Appeal filed; awaiting hearing notice
At the filing before: Penalty demand of ₹7.24 lakhs. Reply filed; virtual personal hearing attended on 05 May 2025. Order passed by Assessing Authority — tax demand partially dropped; penalty levied. Appeal filed on 27 February 2026. Awaiting hearing notice.MoreLess
- Tax disputeGST AuthoritySince 20 Mar 2026Notice received; reply filedAt the filing before: Notice in Form GST ASMT issued on 20 March 2026 for alleged mismatch of ITC. Demand: ₹12.50 lakhs. Reply to be filed on or before 20 April 2026. Matter at notice stage; pending adjudication.
- Tax disputeGST Appellate AuthoritySince 15 May 2025Appeal filedAt the filing before: Show Cause Notice for short reversal / excess ITC claimed. Demand: ₹4.25 lakhs. Reply filed on 26 June 2025. Order passed. Appeal filed on 14 March 2026 before GST Appellate Authority, Tamil Nadu.
- Tax disputeGST Appellate AuthoritySince 22 Sep 2025Appeal filedAt the filing before: Notice in Form DRC-10 for short declaration of exempt value vs GSTR-3B. Demand: ₹7.59 lakhs. Order passed. Appeal filed on 14 March 2026 before GST Appellate Authority, Tamil Nadu.
- Tax disputeGST AuthoritySince 5 Nov 2024Reply filed; awaiting orderAt the filing before: Show Cause Notice for difference in GSTR-2A vs GSTR-3B. Demand: ₹1.24 lakhs. Reply filed on 04 February 2025. Awaiting order copy.
- Tax disputeGST AuthoritySince 30 May 2026Reply to Notice is filed on July 07, 2026.At the filing before: Notice in Form ASMT-10 issued on May 30, 2026. (Issue Involved : 1. Excess ITC Claimed 2. Taxes Underdeclared 3. Under Declaration of RCM 4. Reversal of ITC under Rule 42 5. Ineligible ITC
- Tax disputePrincipal Commissioner, CGST, Mumbai WestSince 15 Feb 2017Matter pending; aligned with favourable judicial precedent
At the filing before: Service Tax, Oct 2014 to Jun 2017-Service tax matter of ₹161.30 lakhs pertaining to erstwhile MTSS/Western Union business. Matter removed from call book. Hearing notice issued on 20 February 2026 for hearing on 10 March 2026. Adjournment request filed on 09 March 2026 seeking 6-week extension — granted; extension valid until 20 April 2026. Fresh personal hearing notice from Principal Commissioner, CGST, Mumbai West expected thereafter.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.