Richfield Financial Services approves ₹10 crore unlisted NCD private placement
- Board approved ₹10 crore private placement of Series VI NCDs
- Securities are secured, unlisted, and redeemable
- Interest rates range from 11.25% to 12.00% across five options
- Tenures vary from 400 days to 68 months
- Deemed allotment date set for October 3, 2026
*this image is generated using AI for illustrative purposes only.
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.
| Option | Scheme | Tenure | Rate Of Interest | Payment Schedule |
|---|---|---|---|---|
| Option 1 | Monthly | 400 days | 11.25% | First day of every month from the month succeeding allotment |
| Option 2 | Cumulative | 16 months | - | On maturity |
| Option 3 | Monthly | 2 Years | 11.50% | First day of every month from the month succeeding allotment |
| Option 4 | Monthly | 5 Years | 12.00% | First day of every month from the month succeeding allotment |
| Option 5 | Doubling | 68 Months | - | On maturity |
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.
Historical Stock Returns for Richfield Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.85% | -2.21% | -25.15% | -39.70% | -43.17% | 0.0% |
How will the increased debt burden from this ₹10 crore NCD issuance impact Richfield Financial Services' future leverage ratios and credit rating outlook?
Given the 11.25% to 12.00% interest rates offered, how does this cost of capital compare to current market benchmarks for similar NBFCs, and what does it signal about investor risk appetite?
What specific growth initiatives or balance sheet optimizations is Richfield Financial Services planning to fund with these proceeds, and when might investors expect to see ROI?
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