Richfield appoints Varun P Mathews as CFO effective May 21

richfield financial services has announced the appointment of Mr. Varun P Mathews as its Chief Financial Officer (CFO). The appointment is effective from May 21, 2026, following approval by the company's Board of Directors during a meeting held on Thursday.

The Board meeting commenced at 04:15 pm and concluded at 04:45 pm on May 21, 2026. The appointment has been made in compliance with the provisions of Section 203 of the Companies Act, 2013, read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

Profile of the Appointee

Mr. Varun P Mathews holds a Bachelor of Business Administration (BBA) degree from Manonmaniam Sundaranar University. He possesses extensive experience spanning over 13 years in the fields of Finance, Accounts, Taxation, and Sales within the Non-Banking Sector.

The company confirmed that Mr. Mathews is not related to any of the existing directors on the Board. The disclosure regarding the appointment was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Appointment Details

Particulars	Details
Reason for Change	Appointment
Date of Appointment	May 21, 2026
Designation	Chief Financial Officer
Experience	Over 13 years in Finance, Accounts, Taxation, and Sales
Relation with Directors	Not related to any Director

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.82%	+10.85%	-8.23%	-33.38%	-37.93%	+649.44%

Richfield Financial Services Limited has allotted 14,600 Secured Redeemable Non-Convertible Debentures (NCDs) on a preferential basis to identified allottees. The Finance Committee approved the allotment during its meeting held on May 20, 2026. The Series V issuance aggregates to ₹1.46 crore, with each debenture issued at a face value of ₹1,000.

The NCDs are secured by a first ranking pari passu charge on the company's movable assets, including book debts, receivables, and cash balances. The instruments are not proposed to be listed on any stock exchange. The issuance offers four distinct options to investors, varying in tenure, coupon rate, and interest payment frequency.

Option I carries a fixed coupon rate of 11.25% with monthly interest payments and a tenure of 400 days, maturing on June 24, 2027. Option II is a zero-coupon cumulative instrument with a tenure of 16 months, maturing on September 19, 2027, at a redemption amount of ₹1,162 per NCD.

Option III offers a fixed coupon rate of 11.50% with monthly payments over a 2-year tenure, maturing on May 19, 2028. Option IV provides the highest coupon rate of 12.00% with monthly payments and a tenure of 5 years, maturing on May 19, 2031. All options have a floor value of ₹1,000 per NCD.

Key Details of NCD Allotment

Particulars	Details
Number of NCDs Allotted	14,600
Face Value	₹1,000 per NCD
Total Issue Size	₹1.46 crore
Date of Allotment	May 20, 2026
Listing Status	Not listed

Series V Instrument Options

Series	Coupon Rate	Tenure	Maturity Date	Redemption Amount (₹/NCD)
Option I	11.25%	400 days	June 24, 2027	1,000
Option II	Zero	16 months	September 19, 2027	1,162
Option III	11.50%	2 years	May 19, 2028	1,000
Option IV	12.00%	5 years	May 19, 2031	1,000