Richfield Financial Services Limited concluded its 34th Annual General Meeting on September 24, 2026, with shareholders approving all proposed resolutions. The meeting, conducted via video conference, authorized the offer and issuance of Non-Convertible Debentures (NCDs) on a private placement basis.

The proceedings commenced at 3:00 pm and concluded by 3:45 pm, including time allocated for electronic voting. A total of 45 members attended the virtual meeting, satisfying the requisite quorum. The meeting was chaired by Managing Director Vadasseril Chacko Georgekutty, who provided an update on the company's performance and operations for FY26.

Key resolutions passed

All items of ordinary and special business listed in the AGM notice dated August 12, 2026, were passed with the requisite majority. The approved resolutions include:

• Adoption of audited financial statements for FY26
• Reappointment of Vadasseril Chacko Georgekutty as Managing Director
• Reappointment of Indu Kamala Ravindran as Independent Director
• Issuance of NCDs on private placement basis
• Alteration of the Object Clause in the Memorandum of Association

Attendance and governance

The Board was represented by key managerial personnel and independent directors joining via video conference. Statutory auditors from M/s. A. John Moris & Co. and secretarial auditors also attended the session. Mr. Adithya Sri Hari from M/s Adithya Sri Hari & Co. served as the scrutinizer to supervise the e-voting process.

Shareholders were provided facilities to ask questions through video conference, audio, and chat. Two out of four registered speakers raised queries, which were addressed satisfactorily by the chairperson. Detailed e-voting results will be available on the BSE and company websites within two working days.

Richfield Financial Services Limited has approved the issuance of Series VI Non-Convertible Debentures (NCDs) worth ₹10 crore through a private placement. The Board of Directors sanctioned the proposal during its meeting held on September 7, 2026.

The company intends to raise funds by issuing 1,00,000 secured, redeemable, and non-cumulative NCDs of face value ₹1,000 each. The securities will remain unlisted and are offered to identified persons in one or more tranches in accordance with the Companies Act, 2013.

Issue Structure and Terms

The NCD issue provides investors with five distinct options based on tenure and interest payment structures. The deemed date of allotment is set for October 3, 2026. Redemption of the debentures will be made out of profits or fresh issue.

Security and Regulatory Compliance

The debentures are secured by hypothecation or pledge in favour of the Debenture Trustee pursuant to security documents. There are no special rights or privileges attached to these instruments. The filing cites Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Vadasseril Chacko Georgekutty, Managing Director, signed the intimation filed with BSE Limited. The board meeting commenced at 10:00 am and concluded at 10:30 am on September 7, 2026.