Richfield Financial Services allots NCDs worth ₹1.46 crore

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

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 successfully concluded its board meeting on April 17, 2026, approving the issuance of Series V Non-Convertible Debentures (NCDs) worth ₹15 crore through private placement. The board meeting, which was previously scheduled for April 17, 2026, commenced at 5:00 PM and concluded at 5:40 PM.

Board Meeting Outcome

The board of directors approved the proposal to raise funds through the issuance of 1,50,000 secured redeemable Series V Non-Convertible Debentures of ₹1,000 each, aggregating to ₹15 crore on a private placement basis. The debentures will be issued in one or more tranches to identified persons in accordance with the Companies Act, 2013 and other applicable laws.

Parameter	Details
Total Issue Size	₹15 Crore
Number of Debentures	1,50,000
Face Value per Debenture	₹1,000
Type	Secured, Unlisted, Redeemable, Non-Cumulative
Deemed Allotment Date	May 20, 2026

Investment Options and Interest Rates

The company has structured six different investment options for the Series V NCDs, offering flexibility to investors with varying tenure preferences and interest payment schedules:

Option	Scheme	Tenure	Interest Rate	Payment Schedule
Option 1	Monthly	400 days	11.25%	First day of every month
Option 2	Cumulative	16 months	-	On maturity
Option 3	Monthly	2 Years	11.50%	First day of every month
Option 4	Monthly	3 Years	11.75%	First day of every month
Option 5	Monthly	5 Years	12.00%	First day of every month
Option 6	Doubling	68 Months	-	On maturity

Security and Regulatory Compliance

The NCDs will be secured through hypothecation/pledge in favour of the debenture trustee as per security documents. The company has confirmed that the debentures will not be listed on any stock exchange and will be redeemed either out of profits or through fresh issue.

Corporate Governance

The formal communication regarding the board meeting outcome was signed by Vadasseril Chacko Georgekutty, Managing Director (DIN: 09194854), and digitally signed on April 17, 2026. The company has maintained compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparent disclosure of material information to BSE Limited.

The successful approval of this debt financing initiative demonstrates the company's strategic approach to raise funds through private placement, targeting specific institutional or qualified investors rather than through a public offering.