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.

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:

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.

Richfield Financial Services Limited has filed its mandatory regulatory disclosure with BSE Limited, confirming that no encumbrance has been created on promoter shares during the financial year ended March 31, 2026. The disclosure was submitted in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Compliance Filing

The company's disclosure was formally submitted to the Department of Corporate Services at BSE Limited on April 7, 2026, by Company Secretary and Compliance Officer Roopamol K S (ACS76256). The filing includes comprehensive documentation confirming adherence to SEBI's substantial acquisition and takeover regulations.

Promoter Declaration

Promoter Vadasseril Chacko Georgekutty submitted a formal declaration dated April 6, 2026, from Ernakulam, confirming that promoters and persons acting in concert have not created any encumbrance on company shares during FY2026. The declaration was made on behalf of all promoters forming part of the promoter group.

The promoter's declaration specifically states: "The Promoters, along with persons acting in concert have not made any encumbrance, directly or indirectly over the shares of the Company during the financial year ended on 31st March 2026."

SEBI Compliance Framework

This disclosure falls under the mandatory requirements of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, which require promoters to declare any encumbrances on their shareholdings. The regulation ensures transparency in share ownership and protects investor interests by mandating disclosure of any restrictions or charges on promoter holdings.

Corporate Governance

The timely submission of this regulatory disclosure demonstrates Richfield Financial Services Limited's commitment to maintaining high standards of corporate governance and regulatory compliance. The company has fulfilled its obligation to keep stakeholders informed about the status of promoter shareholdings and any potential encumbrances that could affect ownership structure.